Dominovas Energy Corp. (OTCMKTS:DNRG) Falters Once More

Yesterday’s trading saw Dominovas Energy Corp. (OTCMKTS:DNRG) spike 56.44% up the charts, in spite of the lack of developments surrounding the company – however, now it looks like its luck has run out.  

Interestingly enough, the stock was still surging at the session’s opening bell, even though only MicroCapDaily keeps throwing publicity its way. DNRG has already broken through and jumped over the $0.2 mark in early trading today – which is an impressive achievement, for a ticker that was gathering dust in double zero obscurity just a few months ago.

Even more peculiar, DNRG‘s momentum is currently considerable, and the hype surrounding it does not seem to be dissipating. Further, since 30 days have passed since its initial jump, investor value, the risk of sudden conversions and dumping of large amounts of toxic debt on the market is severely mitigated. This is making investors even more certain and bold in their buying.

However, at this point said investors should probably ask themselves – is DNRG becoming overbought?

Right now, the company’s market cap is well over $16 MILLION. It has grown so large on the promises of a bright future to come, but investors should always remember that, as of the present moment, DNRG has been all talk, producing nothing but vague and optimistic words. Yes, it may well be presented with some unique opportunities, but absolutely none of them have been realized yet.

Will the hype be enough to keep DNRG afloat until it starts producing actual results? Will it start producing results at all, or is everything said to date been just hot air? Only time will tell, but until those questions are answered with certainty, investors would do well to be extra careful when dealing with DNRG stock, as there is no telling where volatility will fling it next.

Case in point – after its spectacular flying start DNRG seems to have hit a brick wall and is currently 11.93% down in today’s early trading.