If you have your list ready for penny stocks which could be the next AwesomePennyStocks pick, add Global Resource Energy Inc. (GBEN) if you haven’t already. GBEN stock began trading pretty heavily about two weeks ago and has seen a drop from 0.53 to 0.19, climbing to 0.34 earlier today. If the news today of plans to begin development of a prototype MyCroft fuel cell, then perhaps traders should follow suit with plans on how to profit if it is “the pick”.
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GBEN Stock Chart
As of April 30, 2012:
Shares Authorized: 250,000,000
Shares Outstanding: 71,170,997
Current Activity (1:38PM)
Dollar Volume: $223,072
Average Trade Size: 4,485
Today’s announcement points out how the MyCroft fuel cell, optimized for sequestering heat energy from current solar cell applications, will be able to capture what is considered a negative resultant byproduct of solar energy generation. Hmmmmmm. A one of a kind technology which can milk the deployment of solar installations.
The MyCroft Fuel Cell may as well be the LaraCroft Rappelling Suit, both which operate via mechanical pressure or heat, at the end of the day, GBEN is tied directly to former APS success stories Sunpeaks Ventures (SNPK) and North Springs Resources (NSRS). Furthermore, the former and current CEOs, Harry Lappa and Douglas Roe, are also connected to speculative stock pick Georgetown Corp (GTCP) and #2Flusher pick Rarus Technology (RARS).
Point to consider:
On April 25, 2011, the Company received a resignation notice from Harry Lappa as President and Chief Executive Officer of the Company. On the same day, the Company appointed Douglas Roe as its new President and Chief Executive Officer.
For more on the APS connections to Douglas Roe and Harry Lappa, check these two pieces:
About GBEN Stock
Global Resource Energy is a development stage clean technology company interested in the development and commercialization prospects of new and innovative fuel cell technologies aimed at creating a safer and cleaner environment while improving the health of the domestic economy.
click here to view the SEC filings for GBEN.
Bottom Line: Add GBEN to the list of penny stocks to watch and know in advance that if it is the pick, you know the score, if it isn’t, you can expect to see RARS type trading. GBEN has picked up activity and will see its 2nd consecutive trading session with over 1 million shares traded.
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