Three months ago we mentioned how much Asia loved XcelMobility Inc. (XCLL), a developer of high speed web browsing solutions, and thought they were worth watching. Well, XCLL stock price finally found its bottom in June at 0.105 on June 28th and has since gained 300% closing Thursday at the HOD, 0.42, on volume of 1.37 million shares. After announcing Monday that they now have over 1.5 million subscribers in Asia, its time to get XCLL onthe radar before the shares run back to their $1.08 YTD high.
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XCLL Stock Chart: Thursday
Market Cap: 25.20M
Avg Vol (3 month): 429,381
Avg Vol (10 day): 359,500
Shares Outstanding: 60.00M
Float: 28.94M
The Company is currently putting money in its pocket by selling licensing agreements. XcelMobility is increasing those sales by broadening marketing efforts of its products by including software sales directly to mobile device manufacturers and apps sales directly to mobile device users. XCLL is dedicated to the introduction of new high speed products in what is probably the biggest consumer market in the world for mobile devices.
According to their May 15th 10-Q filing, they had revenues of $63,200 for the three months ended March 31, 2012 compared to $34,600 for the same period the year prior. Net loss for Q1 was $332,800 with available cash of almost the exact same amount; $340,800 .
About XCLL Stock
XcelMobility Inc. is a U.S. based company focused on the research, development and commercialization of technologies for mobile internet users. The Company’s’s marquee product is the Mach 5 “Xcelerator” which provides the fastest browsing experience available for mobile phones, tablet PCs and laptops. The Mach 5 browser has been tested by some of the world’s largest cellular carriers and manufacturers (ZTE, China Unicom, Softbank and SK Telecom) and they have all independently verified that Mach 5 provides 5X to 10X quicker access to the internet than standard web browsers. Mach 5 enables users to load applications, videos and web pages faster than ever.
Click here to view the SEC filings for XCLL.
Bottom Line: Get XCLL on your list of penny stocks to watch before its too late. Be aware that the was a long slide down from $1.08 so a large number of sellers could enter the market at any given moment.
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