Agrieuro Corp (OTCBB:EURI) Moves Up After More Pump Emails

Just a couple of weeks ago Agrieuro Corp (OTCBB:EURI) barely saw any trading. In fact the company logged in multiple sessions in a row without even a single traded share. All that changed at the end of last month when suddenly investors began paying more and more attention to the stock and the daily volumes grew substantially – on November 9 nearly 8 million shares changed hands while the dollar value for the session reached 5 million.

When you are dealing with a pennystock and you see something like this it is almost always caused by a paid pump and EURI is not an exception. The pump is still active and thanks to a new wave of alert emails that was sent at the start of yesterday’s trading the ticker was able to add over 15% to its value and to close at $0.46. Despite the encouraging outcome EURI‘s current price is considerably lower than the pump-induced high of $0.79.

The pump could continue for a while judging by the rather serious compensations disclosed by the involved newsletters. Smart Stock Winners have received $100 for their services, Best American Stocks bagged $150 thousand but the biggest sum went to Finest Penny Stocks who were paid $200 thousand as compensation. The paying party for all three pump outfits is one and the same – Desing Holding Ltd.

It is apparent that someone wants to create as much artificial hype around EURI as possible. Maybe because there are millions of shares that could be liquidated during the promotion. In our previous articles we warned you that some people owned 2.1 million shares that they bought at a price of $0.01 per share. Thanks to the 40-for-1 forward split performed just a couple of months ago those 2.1 million shares were turned into 84 million shares.

Trading EURI is extremely dangerous. The underwhelming financials, the massive amount of underpriced shares that could be unleashed on the market, and the paid pump should all be taken into account before any money is put on the line.