Tungsten Corp f/k/a Online Tele-Solutions Inc (OTCMKTS:TUNG) Dropping Hard
Tungsten Corp f/k/a Online Tele-Solutions Inc (OTCMKTS:TUNG) is a company from the OTC Markets drawing investor attention that we have been covering for a while now and we even took the time to make a video about them in the end of May.
It had an unusual promotional campaign that was mainly carried out with paper mailers and paid subscription newsletters. That, however, doesn’t mean that we didn’t hear about them from the usual sources like the free of charge promotional outlets that we have been monitoring. With a total promotional campaign budget that came at $2.2 million we reckon that the campaign might still have some life in it and may very well return with a next wave of touting from the pumpers.
For now, however, they keep going down the ladder and the only sessions that they have in the green manage to only slow the drop and make up for some of the percentile losses of their stock.
This leads us to yesterday’s trade session when they dropped 21% down stepping a flight away from the top of the charts. Their stock fell from its previous price of $0.635 and is currently nested at $0.50. The volume of traded stock didn’t suggest such a big drop as it was not so far above their average volume of 507 thousand with a total of 660 thousand shares that switched hands.
We saw a fair amount of shares traded in the biggest spike volume-wise yesterday which was minutes before the end of the first hour of trading when over 70 thousand shares were traded at a price of $0.49, or one cent higher than their low for the day. This leads us to think that someone is preparing to sell when the price starts to go up again, but thats just a really small portion of the company’s stock which is mainly in the hands of Filipino seed shareholders and TUNG‘s insiders.
Another company that crashed with a percentile movement over 20% is Integral Technologies, Inc. (OTCMKTS:ITKG) who went 25% down and are now being traded at $0.560. The biggest loser of yesterday was the stock of African Copper Corp (OTCBB:ACCS) who have been sliding down for several days and lost a further 50% from their price in yesterday currently trading at $0.0100.
