Three of last year’s big dogs in terms of bringing in top volume on their penny stock alerts are teamed up for today’s session with NaturalNano, Inc. (NNAN). In previous years, NNAN stock has been the highlight of a flipping venture and managed to make it’s way into the top 10 penny stocks traded on each of those occasions, even when it was a sub penny. The Company issuing another 60 million shares so that they can acquire a chrome plating business in Syracuse, NY, makes playing this today about as solid as their balance sheet is – pretty risky.
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NNAN Stock Quote
Market Cap: 5.04M
Last: 0.012 ▲ +0.0016 (+15.38%)
Volume: 17,980,225
Dollar Volume: $219,405
Open: 0.0107
High: 0.0134
Low: 0.0105
Trades: 176
Authorized: 800,000,000
Issued and Outstanding: 420,329,246
14-Day Rel Strength: 63.09%
1st Resistance Point: 0.0134
1st Support Level: 0.0105
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Firstly, very few people who will trade NNAN today have the slightest clue as to what halloysite nanotubes, or HNTs, are. It doesn’t really matter since, if NaturalNano is on your radar screen today, chances are you’re just hoping to flip NNAN stock even if the gap open from alerts issued by StockMister, Psycho and Circle fails to close.
Chances are as well that the agreement NaturalNano announced that they could be acquiring MJ Enterprises LLC, dba General Silver Plating LLC, won’t be having you stick around for much longer than the first hour of trading. Just because the Syracuse based company is the owner and operator that provides chrome plating services for products used in the automobile and household appliance industries means very little of an real impact to help NaturalNano balances their books or book any earth-shattering revenues.
As per the most recent Q filing for the period ended September 30, 2013, NaturalNano had just $10 in cash, total assets valued at $51,007, current liabilities worth $6,375,810, $4,042,965 of which were notes payable, and revenues fr the 3 and 9 months ended of just $18,674 and $141,992, respectively. The revenues are actually a significant improvement over the same periods in 2012, $6,783 and $55,331, respectively, even though they were derived 82% and 79%, respectively, from just one customer.
As a trading trend, NNAN stock is in bounce mode after declining from the 52 week high of 0.015 set back a month ago on January 6. Since volume isn’t a subject of concern, the real opportunity lies solely in the bid/ask prior to the opening bell. Anything over and above the 52 week high is simply begging to become either a nano-profit for the risk taken, or a big bag of NNAN stock which won’t ever return to the levels it will see in the first hour of trading today.
About NNAN Stock
NaturalNano, Inc., and its wholly owned subsidiary NaturalNano Research, Inc., is engaged in the development and commercialization of material science technologies with an emphasis on additives to polymers and other industrial and consumer products by taking advantage of technology advances developed in-house.
Click here to view the SEC filings for NNAN.
Click here to view the website for NaturalNano.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 02/03/14 | 0.0107 | 0.0134 | 0.0105 | 0.0120 | +0.0016 | +15.38% | 17,980,199 |
| 01/31/14 | 0.0114 | 0.0114 | 0.0090 | 0.0104 | -0.0008 | -7.14% | 6,547,700 |
| 01/30/14 | 0.0127 | 0.0140 | 0.0100 | 0.0112 | +0.0002 | +1.82% | 10,807,500 |
| 01/29/14 | 0.0054 | 0.0119 | 0.0052 | 0.0110 | +0.0056 | +103.70% | 31,018,100 |
| 01/28/14 | 0.0052 | 0.0060 | 0.0052 | 0.0054 | -0.0006 | -10.00% | 2,636,800 |
Bottom Line:
Lipstick on a pig is what this penny stock alert is. Just like Cohen’s GEQU stock yesterday which trapped all the chaser’s of a repeat performance of his last pick, NNAN looks to be a hot mess as the opening bell approaches.
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