Carbon Sciences (CABN) Heating Up As Gas Prices Spike

CABN Stock, Hot Penny Stocks, Carbon Sciences Inc.It may have been 6 months since the provider of a complete solution for transforming abundant and affordable natural gas into clean burning gasoline and other transportation fuels mentioned anything, but the penny stock of Carbon Sciences Inc. (CABN) is having an amazing month anyways. Shares of CABN stock saw some decent volume as they closed out the month of July, teetering on trip-zero land, yet since the start of the month, it’s almost as if gasoline was poured onto the ticker as it has fired up the charts for gains in excess of 233%. With no indication as to what caused the recent run other than some convertible debt that was cleared off the books, subpenny runners like this have a knack for quietly 10 bagging their way through the summer months.

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Market Cap: 318.58K
Last: 0.0028 ▲ +0.0012 (+75.00%)
Volume: 15,558,506
Dollar Volume: $35,042
Open: 0.0019
High: 0.003
Low: 0.0018
Trades: 102
14-Day RSI: 63.72%
1st Resistance Point: 0.0033
1st Support Level: 0.0021
52Wk High: 0.024
52Wk Low: 0.0009

Carbon Sciences informed the world back on January 28th of this year that they had inked a letter of intent with West Texas Gas to supply up to 30,000 Mcf per day of natural gas for the planned gas-to-liquids (GTL) plant the Company decided to build in Texas. The news was significant enough that CABN stock hit 0.012 coming just 0.001 shy of its previous year to date high set just 2 weeks earlier.

Since then, not a peep has come from Carbon Sciences in the form of a press release, but traders who monitor SEC filings were able to read into the most recent convertible note transaction which was for 71,869,539 shares of CABN stock in conversion of $152,823, 0.00212 per share. Despite there still being $2,332,695 worth of liabilities as of June 30, 2014, the $215,071 in cash on hand of the end of the Company’s 2nd quarter would appear to be enough to get them through the end of the year as long as total operating expenses continue to come in at $81,939 for the 3 months ended.

What’s hot though is that Carbon Sciences’ Chairman, Byron Elton, has helped to expose why CABN is hot on both CNN and Fox Business as the 3 minute and 4 minute spots allow for a detailed explanation about how the Company’s first miniGTL plant will integrate best of breed and proven technologies to produce approximately 2,000 barrel per day of ready to use fuels for today’s vehicles. Although there is no indication yet as to when this plant is due to be constructed and become operational, CABN stock is operational and is heating up the OTC better than most other tickers out there.

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About CABN Stock

Carbon Sciences, Inc. is a development stage company in the early stages of developing a complete small-scale natural gas-to-liquids (“GTL”) fuel production plant.

Click here to view the SEC filings for CABN.
Click here to view the website for Carbon Sciences.

Authorized: 1,000,000,000
Issued and Outstanding: 184,228,396

Last 5 Trading Sessions:

Date Open High Low Last Change % Change Volume
08/18/14 0.0014 0.0018 0.0013 0.0016 +0.0002 +14.29% 856,000
08/15/14 0.0015 0.0015 0.0014 0.0014 -0.0001 -6.67% 1,460,000
08/14/14 0.0018 0.0018 0.0013 0.0015 -0.0003 -16.67% 1,509,700
08/13/14 0.0017 0.0018 0.0015 0.0018 +0.0003 +20.00% 3,455,000
08/19/14 0.00139 0.0016 0.0013 0.0015 +0.0001 +7.14% 4,350,763

 

Bottom Line:

CABN is a hot penny stock this month and deserves to be watched by anyone who is trading for profits. With 0.003 the HOD and volume due to set a record for the year, CABN could heat back up to above 0.01 again if some news was to come out updating the progress or timeline on the Texas GTL plant. Level 2 is not as thin as the market cap, but a strong push could easily bring the 0.004’s up on screen before the end of the day.

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