Dominovas Energy Corp. (OTCMKTS:DNRG) Tumbles Further Down

Much to the disappointment of its loyal supporters, Dominovas Energy Corp. (OTCMKTS:DNRG) lost another 9.86% of its market cap in yesterday’s session.

As the charts indicate, DNRG had a major crash on August 11, when its hype bubble finally burst. The session that followed didn’t begin well for DNRG either with the ticker falling as low as $0.11 within minutes of the market’s opening, then the ticker miraculously recovered in time for the session’s end. This in turn of events gave DNRG enthusiasts high hopes that the ticker is to head up again, but it was not to be.

Truth be told, this crash should not be surprising for anyone that’s done actual due diligence on the company. It was clearly caused by the fact that DNRG was hideously overbought after a couple of days of frenzied ascent – which is always a good hint that disaster is imminent.

True, investor interest in this company is not entirely unwarranted – after all, it has managed to score its “Historic Partnership With U.S. Government”, which is, admittedly, a big deal. However, it is also true that the company hasn’t done anything with that amazing opportunity yet. Investors should keep that fact well in mind, as it represents an important factor significant for the ticker’s chart movements.

Another factor relevant to the current situation is the investors’ attitude towards the information provided by DNRG in the conference call that was to happen after yesterday’s market session. If investors find it appealing, DNRG may yet recover from its stumble, driven up by another surge of hype.

However, if the latest news on DNRG is not convincing enough, the ticker may be in for another rough tumble down the charts.

This is why investors would do well to be extra diligent and wary when dealing with DNRG in the next few sessions.