NSU Resources: Free Falling Continues Despite High Paid Promotions (NOST)

NSU Resources (OTC: NOST) declined in today’s trading session in the over-the-counter market, falling a dismal 15.3%, and closed at its intraday low of $0.10.

NSU Resources had a promising start in today’s trading session, rising to an intraday high of $0.11 by 11:00 a.m. The stock started to decline before noon, and by 1:30 p.m., NSU Resources dropped to $0.10, where it stayed until the closing bell.

NSU’s stock chart has not been very attractive, despite the paid pumps the stock has been receiving. NSU Resources tanked significantly in late January, and has steadily declined a total of 37.5% in share price since New Year’s Day.

NSU Resources has been paying high prices for stock promotions. There are many newsletters about NOST to be found on stock-promoting sites. For instance, Research Driven Investors and Stock Digest Report have promoted NSU Resources, and have been compensated $40,000 each. StockPromoters.com listed 12 results for stock promotions related to NSU Resources.

According to @Pennystocks24 on Twitter, several others have also promoted NSU Resources. Pennystocks Scholar, Microcap Profiler, and Equity Tradiing Alert all promoted NSU on June 27, 2012.

Despite the many promotional newsletters of the stock, NSU Resources hasn’t issued many press releases in 2012. Here are a couple of headlines found about NSU Resources:

  • June 27, 2012: CEO of NSU Resources announced the selection of Consulting and Exploration Group, GeoFind for its Shatter Lake and Byers Brook projects in Colchester County, Nova Scotia.
  • June 26, 2012: NSU Resources announced the full-time appointment of Dr. Robert Williams as Chief Technology Officer.

NSU Resources was formerly known as BioCarbon Solutions International. NSU Resources is a technology and resource company with a focus on the development of rare earth metals in properties located in Canada.

As of January 31, 2012, the company had commenced exploration and development on two projects in Nova Scotia, Canada. The projects are located adjacent to each other at Shatter Lake and Byers Brook, and encompass over 4,000 acres.

According to the newsletters from stockreads.com, NSU Resources is targeting growth from the acquisition of mineral and carbon rights worldwide with the mission to become a vertically integrated provider of Rare Earth Elements.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.