OTC Stocks: XcelMobility Inc. (XCLL) Lagging Since January

Shares in the penny stock of XcelMobility Inc. (OTC: XCLL) gained 2.7% on volume of 233,500 to close at $0.57 in the last trading session. The penny stock, XCLL, has performed terribly since the public awareness campaign began in mid-February to promote its shares. The penny stock newsletter circulation, which reads like an infomercial, are claiming that XCLL could reach $4.

XcelMobility has a licensing agreement with ZTE Corp. The company announced on Tuesday that the first order of Mach 5 enhanced high speed USB modems that were shipped to China Unicom retail locations have experienced strong sales and excellent feedback from the users. ZTE manufactures the USB modems for China Unicom and projects that up to 30 million units annually could be installed with XCLL‘s Mach 5 Xcelerator.

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XCLL Stock Snap Shot:

Market Cap: 34.20M
52-Week High
(Jan 30, 2012): 1.08
52-Week Low
(Dec 1, 2011): 0.40
Avg Vol (3 month): 778,905
Avg Vol (10 day): 839,986
Shares Outstanding: 60.00M
Float: 29.30M

On March 29, 2011, the company amended their Articles of Incorporation to change their name from Advanced Messaging Solutions, Inc. to XcelMobility Inc. and they effected a 35-for-1 forward stock split of all of their issued and outstanding shares of common stock. The initial goal of XCLL company was to develop and market secure instant messaging software for desktop computer users, with their products to be targeted towards instant messaging and file sharing using an encrypted transmission format.

To view the SEC filings on XCLL, click here.

Bottom Line: XCLL is one to add to the penny stocks lists. Having not generated any revenue, XcelMobility must raise cash from sources other than their operations in order to implement their business and marketing plans.

XCLL stock price is down -12.31% YTD and -47.22% since its January high. Volume is low based on the 5 and 10 day average, 654,041 and 725,048 respectively. A spike in volume could indicate a bounce which then XCLL would be a day trade at best.


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