Shares of SponsorsOne Inc (OTC: SPONF) surged by 38.36% to $0.0440 at ring of the bell on Thursday. Number of shares traded on the day was 66.40M against average weekly volume of 27.77M shares while it has added about 75% over the past 5 sessions.
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SPONF’s Business Model:
SponsorsOne Inc is a technology company that develops SponsorsCloud, a cloud-based social sponsorship platform designed to connect and promote one-to-one interaction across social networks between businesses and consumers. With the SponsorCoin platform and its highly scalable-smart promotions and crypto-currency, SponsorsOne is the pioneer in the next evolution of digital marketing through social media influencers, storytellers and digital-commerce. Especially when coupled, these help marketers within the social media world to create and maintain unique and highly active influencer groups (from professional to small influencers). Data-driven Marketing Campaigns provided by SponsorCoin will enhance brand engagement with customers providing them new tool to interact with.
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What Happened?
The stock’s rally began at week-start on news of company’s entrance into the $24 billion Direct to Consumer (DTC) Spirits Market. The company on Tuesday announced that it has executed a warehousing and online retailing deal with Speakeasy Co. The agreement was to market Doc Wylder’s Lemonade of the Premier Soda Consortium as SPONF’s first DTC offering.
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In early trades today, the stock was still flying higher. As of 09:57 a.m. EST, the stock price was at $0.0635 rising +44.32%.
