Still up over 104% from its 52 week low set last Thursday, penny stock traders may be wise to have Global Resource Energy Inc. (GBEN) on their radars today. In the early morning press announcement, the Company, through its green LED lighting division, Kardings America, formed a strategic alliance with a marketing and sales strategies company out of Michigan. The alliance with a company which has been in the energy sector for 5 years could have a huge impact on the trend which GBEN stock has been on since
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GBEN Stock Chart – Wednesday
Market Cap: 9.61M
Close: 0.135, up 0.005 (3.85%)
Volume: 792,505
High: 0.145
Low: 0.116
Trades: 142
Average Trade Size: 5,581
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This mornings PR states that Northern Eagle Holdings of Atlantic Mine, Michigan and the Company’s Kardings America have created this alliance which Global Resource Energy plans to to utilize the service of Northern Eagle Holdings in exchange for a 40% stake in net revenues generated. The news comes just two days after Karding America stated they had talks with the city of Hampton, Virginia. The small town of over 137,000 people is supposedly “very interested” in converting to high efficient LED street lights and are reviewing the terms of Kardings’ Hero© lease to own program which is designed to help municipalities transition to the more efficient energy street lights without increasing the city’s budget.
Click here to view today’s PR from GBEN.
About GBEN Stock
Global Resource Energy Inc., a development stage company, focuses on acquiring interests in the clean and sustainable fuel alternative sector in the United States and internationally. (see here)
Closing Price For The Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 11/14/12 | 0.1350 | +0.0050 | +3.85% | 792,500 |
| 11/13/12 | 0.1300 | -0.0550 | -29.73% | 1,644,900 |
| 11/12/12 | 0.1850 | +0.0190 | +11.45% | 3,301,500 |
| 11/09/12 | 0.1660 | +0.0960 | +137.14% | 4,858,300 |
| 11/08/12 | 0.0700 | -0.0200 | -22.22% | 9,000 |
Click here to view the SEC filings for GBEN.
Bottom Line: GBEN is a penny stock covered extensively here for some time now. Although expectations for long investing in GBEN stock may be irrational, today’s trading session is likely to have better volume than that of yesterday’s.
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