For the second day in a row, POET Technologies Inc.’s (OTCQX: POETF) stock volume soared, with 86,199 shares changing hands Oct 2, significantly higher than its three-month average volume of 57,768 shares.
The surge in volume appears to have been triggered in part by the Canadian semi-conductor company’s Chief Scientist that Dr. Geoff Taylor’s Oct. 2 announcement that he sold off 300,000 common shares of the company on Oct 1, 2014.
"I want to stress that this sale was made for personal financial reasons, and in no way diminishes the belief I have in my life’s work, that is POET. Furthermore, I do not plan on selling any additional shares until sometime in 2016," Taylor said, in a statement.
Meanwhile, on Oct. 2, POETF’s share price closed at $1.09, down 12 cents from its closing price of $1.21the previous day.
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WindStream Technologies Inc.’s Share Value Continues to fall
In less than two weeks, WindStream Technologies Inc.’s (OTCQB: WSTI) share price has lost nearly 40 percent of its value.
On Oct. 1, WSTI’s share value closed at 54 cents, down 16 cents, or 22.49%, from its closing price of 70 cents the previous day. On Oct. 2, the North Vernon, Ind.-based alternative energy company gained 8.41% of that back, closing at 58 cents a share, up 4 cents.
Its share volume was robust with 851,557 shares changing hands, significantly higher than its 30-day average volume of 531,899 shares.
WindStream’s stock value slide continues despite the seemingly good news that it has just completed selling one of its “Solar Mills” to the Indiana Department of Homeland Security.
According to a Sept. 24 press release, the company delivered a unique mobile version of its patented hybrid renewable energy device for agency.
Based on requirements set forth by the agency, WindStream Technologies integrated its technology into a deployable solution that fits in a trailer providing renewable energy generation to power on-site computer and telecommunications systems. This first-of-its-kind mobile technology will replace or supplement the traditional diesel generators required to operate the primary systems IDHS uses to provide location-based emergency support, according to WindStream Technologies.
New Technology Get Trial Run
The trailered system is being launched as part of an Indiana Building Emergency Assessment and Monitoring Team (IBEAM) exercise held this week in New Harmony, Indiana. Participants in the simulated earthquake response will include members of the IBEAM team, the State Fire Marshal's office, local building and fire officials, volunteer architects and engineers, Indiana emergency operations officials, as well as emergency operations personnel from Illinois, Missouri, and Tennessee.
Also attending will be officials from the Central United States Earthquake Consortium, which is headquartered in Memphis Tenn.
Find out what could be the best investor’s move when it comes to WSTI by getting the complete report here or by cutting and pasting the following link in your Web browser:
Virtus Oil and Gas Corp.’s Stock Volume Continues to Soar
On Oct. 2, Virtus Oil and Gas Corp.’s (OTCBB: VOIL) share volume continued to soar for the second day in a row, with 1.7 million shares changing hands, nearly twice time its 30-day average volume of 1 million shares.
It’s anybody’s guess as to what has fueled this sudden volume uptick.
That’s because the Houston-based oil and gas exploration company has been quiet recently. On Sept. 2, the company announced that 47 miles of 2D seismic data in the Parowan Project it purchased is currently being reprocessed with advanced processing software. Other than that, you can hear a pin drop.
Meanwhile, Virtus’ latest 10-Q covering the three months ended May 31 speaks loudly and reveals a pretty grim financial picture:
Cash: $632
No revenue
Current assets: $820
Current liabilities: $138 ,000
Net loss: $561,000
To say that such a financial snapshot does little to instill confidence in shareholders is an understatement.
Nonetheless, on Oct.2, VOIL’s share price closed at $2.13, up 22 cents from its close or $1.91 the previous day.
Find out what could be the best investor’s move when it comes to VOIL by getting the complete report here or by cutting and pasting the following link in your Web browser:
No Recent News from Sprott Resource Corp.
Sprott Resource Corp.’s (OTCPink: SCPZF) stock volume surged, with 352,138 shares changing hands, 2.7 times higher than its 30-day average volume of 129,632.
It’s hard to decipher what’s behind the slight uptick in volume because the Toronto-based private equity firm hasn’t been in the news, nor has it released any major announcements since Aug. 20 when it completed the acquisition of PBS Coals Limited, a wholly-owned subsidiary of OAO Severstal, in an all-cash transaction for consideration of $60 million,
On Oct.2, SCPZF’s share price closed at 2.32, down 6 cents from its close or $2.38 the previous day.
Find out what could be the best investor’s move when it comes to SCPZF by getting the complete report here or by cutting and pasting the following link in your Web browser:
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