PURE Bioscience (OTCMKTS:PURE) Regains Value
PURE Bioscience (OTCMKTS:PURE) is still heavily traded while reaching new heights. The price is relatively high despite Wednesday’s correction and the ticker is trying to recover with optimistic press releases.
The overall direction in which the stokck is moving is up, despite the blow it took on Wednesday when it dropped 15% in value after a 21% gain in the previous session. It seems like the optimistic press releases that the company is issuing are managing to keep the stock’s price.
We reckon that this is the reason for yesterday’s gain, which recovered some of PURE‘s value. Yesterday the ticker managed to make up for some of its losses and closed the session with a 7% gain in price.
The movement of PURE‘s stock in the intraday chart is very unpredictable and despite that the ticker manage to close the session with 219 thousand shares that switched hands, generating a trade value of $333 thousand.
On the bright side of things, PURE is not being touted by any promoters and all the gains are a reflection of the company’s progress. Things can turn sour if any promoters step up however, which is a probability that we must expect in the current situation.
A vivid example for such a movement is Southern ITS International, Inc. (OTCMKTS:SITS), who are currently 50% down from the time when Money Runners were touting them.
On the other hand 3D Eye Solutions, Inc. (OTCMKTS:TDEY“>TDEY) are still headed in an upward direction with a pretty good 36% gain in yesterday’s session. MediSwipe, Inc. (OTCMKTS:MWIP) also had a good session yesterday and surprised us with a 44.91% gain in value yesterday.
