A PR combo pushed the stock of Unity Management Group Inc (PINK:UYMG)
up significantly during the latest trading session.
Closing at $0.0045 per share, UYMG gained an impressive 25% yesterday when 2.7 million shares of common UYMG stock changed hands. This surge came hot on the heels of the fairly disappointing chart performance which UYMG put on the previous day. As it seems, the twenty-five-percent appreciation of UYMG is attributed to a mixture of an official press release and a full-blown paid advertising campaign.
Prior to the start of yesterday's trading session, the company announced that it had sold its PZ Uno Tablet Press for $0.5 million to an undisclosed purchaser who would use it for an R & D project aimed at creating a novel drug. Although no other details were mentioned due to confidentiality reasons, a carbon copy of its contents appeared in a paid promotional email which reached our database immediately. As for the result, see the previous paragraph.
UYMG's long-awaited quarterly report for the period ended Sept. 30, 2011 saw the light of day on Dec. 12, i.e the day on which UYMG stock went down 14%. The document showed:
- working capital deficit in excess of $2.3 million;
- sales revenues of $196 thousand;
- quarterly net loss of $150K.
Not surprisingly, investors' response to such figures was unambiguous. And while yesterday's news might have given the company a breath of fresh air on the charts, UYMG's managers will have to go the extra mile to earn the support of market players.