Hoping that rays of sunshine will fall upon them, many traders will be looking to drop some coin this morning on the penny stock of Solar Thin Films, Inc (SLTZ). Expecting the pink sheet lister to go green in their eco-friendly market of Fiber Reinforced Plastics technology, SLTZ stock is a bit pricey for many many who were hoping to get a sub-penny runner like Amarantus Bioscience Holdings, Inc (AMBS) was last fall. Be that as it may, the waste to energy / solar energy pick from the Exclusive, Awesome Stock Pick crew, who usually bring some long running plays to the table, should offer a chance to see some creeping upwards over the course of the week, even if it is on low volume numbers.
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SLTZ Stock Quote
Market Cap: 53.85M
Friday Close: 1.14 ▼ -0.02 (-1.72%)
Issued and Outstanding: 47,235,000
1st Resistance Point: 1.1667
2nd Resistance Point: 1.1933
1st Support Level: 1.1067
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Solar Thin Films is not so much the new company traders are used to hearing about, having been tarted back in 2007. With James J. Solano Jr. owning 19,265,960 shares of SLTZ stock as of March 31, 2013, The float is at least capable of seeing some decent bid/ask action after announcing today an agreement-in-principle to design, supply and construct a modular school and clinic in Uganda, Africa.
The $10 million potion of the $15 million project calls for Solar Thin Films to be involved with the design, supply and construction of a 36,000 sqft school and an 8,000 sqft clinic, along with well-water supply and area lighting. This would be historic if it were to actually come together, especially or a company that had just $8,114 in total assets, all of which was cash in the bank, and no sales whatsoever to support any additions to that amount as of March 31, 2013.
With an extremely limited operating history, and an even more limited trading history, much of which has only recently occurred since the 1-for-500 reverse stock split effecutated April 5 of this year, the 5th for the publicly traded entity which was formerly known as American United Global, Inc. and Alrom Corp. enthusiasm is considerably curbed this time around.
About SLTZ Stock
Solar Thin Films is a development stage technology company focused on delivering “turnkey” manufacturing solutions that enable its customers to produce the world’s most cost effective thin film solar modules for large scale power applications.
Last 5 Trading Sessions:
SLTZ is likely to be a long run campaign with some good dips along the way. Having SLTZ stock on your watchlist for when the penny stock dips below $1 may be an advantage rather than chasing the $1.20 – $1.30 it is likely to see at some point today.
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