It would be wise to add Sunbelt International Corp. (OTC Pink: SUNB) stock to your list of penny stocks to watch for two very good reasons. SUNB stock price rose 40% in the last trading session to $0.07 on volume of 1.12 million shares volume ($71,352). Sunbelt Intl. Corp., a company that provides energy alternatives, manufactures high quality Wind Turbines and Solar Prowinder Hybrids in China.
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SUNB Stock Chart:
Market Cap: 4.73M
Shares Outstanding: 67.64M
52 Week High
52 Week Low
Last Trading Session
Avg Trade Size: 13,231
5 Day Pct Change: 27.27%
5 Day Avg Volume: 252,153
10 Day Pct Change: 55.56%
10 Day Avg Volume: 138,741
Back in February, the Company announced an agreement with Promithian Mining to provide them with Water Turbines to power exploration and mining operations in a remote area of the southern Yukon. No financial details are available on the agreement.
In March, Sunbelt announced that it was nearing completion of negotiations with Qingdao Xingguang Wind Power Generator Co. Ltd to act on behalf of the Company regarding all manufacturing and parts supplies required to produce high quality CE ISO certified wind turbines. Later in the same month, the Company announced a new test facility initiative located in a remote area in Mongolia that is expected to be in operation within 12 to 18 months. Again, no financial details are available on either agreement.
Now, nearly two months after the most recent news release from Sunbelt, SUNB stock has suddenly become attractive? Interestingly, Sunbelt’s SUNB stock has some very close ties with another Sun named penny stock: Sunpeaks Ventures (SNPK). When we profiled Georgetown Corp. (GTCP) and their connections to SNPK and NSRS, Sunbelt popped up.
Does it mean that SUNB stock will have the same gains SNPK and/or NSRS did? It’s unlikely.
Bottom Line: Sunbelt Intl.’s penny stock, SUNB, is worth adding to the list of penny stock to watch this week for day trading. Assuming the volume can pick up, there may be an opportunity to jump in and out that’s worth a few dollars.
Just take notice on two points:
• Sunbelt and Sunpeaks have less than 6° of separation which has proven that if you fly too close to the sun, your wings will get burned off.
• Secondly, SUNB has a Warning on its stock meaning there is no current information available on the company. For more details about this, click here.