Meadow Bay Gold Corp. (PINK:MAYGF
, MAYGF message board
) paid Small Cap Voice to attract more attention from potential investors. The effect may be seen in today's session.
March wasn't a good month for MAYGF stock. The price dropped about 50%, but in the last two sessions MAYGF seems to be trying to rebound.
Following a 5.25% increase on Mar. 30, yesterday MAYGF closed up another 1.18% at $1.0755. The volume was more than four times the average and reached nearly 84 thousand shares.
Today's session could be more active with the help of some paid promotions. On Mar. 29 the company paid Small Cap Voice $6,000 for 30 days of service. After the close yesterday, two newsletters sent out emails on MAYGF. Both were paid by Small Cap Voice.
MAYGF is a mining and exploration company based in Vancouver, Canada. Currently, the company owns three properties, but is yet to start generating revenue. So far, MAYGF has completed a number of private placements to finance its operations.
On Mar. 21 Dahlman Rose & Co. released a report on MAYGF with a price target of $4.67 CAD. It is still early to say where MAYGF will go in the long run, but the promotions could potentially bring more attention to the stock today.