Known for its sudden spikes in both volume and share price, t time to watch the penny stock of Universal Bioenergy Inc. (UBRG) very closely again. After back-to-back press announcements regarding recent sales, UBRG stock is teetering just under a penny heading into Tuesday’s trading session. Having reported lower revenues for the recent period compared to last year, the new revenues could attract some long investors to jump in.
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UBRG Stock Chart
Close: 0.0095, up 0.0013 (15.85%)
Volume: 902,922
High: 0.011
Trades: 16
Average Trade Size: 56,432
Authorized: 1,000,000,000
Issued and Outstanding: 503,063,086
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The start of the week saw UBRG stock trade about 33% of their 5 day average volume, 3,095,666. Considering the back-to-back press releases citing that 1.70 billion cubic feet (Bcf) of natural gas was recently sold by its subsidiary, NDR Energy Group, and that continued sales of commercial coal from the Whitesburg Friday Branch Mine, August could be a resurgence in sales revenues for the Company.
On the 20th of August, Universal Bioenergy filed their 10-Q for the three months ended June 30, 2012. Revenues came in at $8,620,964 compared to $13,800,878 for the same period the year prior. For the six months ended June 30, 2012, revenues were just $21,628,124, about $15 million less than the same six month period in 2011; $36,048,232. The drop in sales has not hurt the gross profit as much as one would expect with the three and six months ended June 30, 2012 coming in at $17,835 and $35,056 respectively compared to $18,312 and $46,084 respectively for the year prior.
Considering the massive spikes in volume and price in recent months, the bounce off of 0.0072 could be the beginning of another upcoming gain maker.
About UBRG Stock
Universal Bioenergy Inc., an independent diversified energy company, is focused on the production, marketing and sales of natural gas, propane, coal, oil and alternative energy. Through our subsidiary, NDR Energy Group,the Company presently sells natural gas. Through NDR Energy, the Company has contracts signed with 29 major utility companies in the United States which all have strong Standard & Poor’s credit ratings.
NDR Energy Group markets and distributes natural gas and propane to 28 of the largest public utilities, electric power producers and local gas distribution companies that serve millions of commercial, industrial and residential customers throughout the country. The company’s customers include Southern California Gas Company, Pacific Gas & Electric, CenterPoint Energy Resources, Baltimore Gas & Electric, Memphis Light Gas & Water, Duke (Ohio & Kentucky), Michigan Consolidated and National Grid. Our gas suppliers include EDF Trading, Chevron Texaco, Conoco Phillips, Chesapeake Energy Marketing, and Anadarko.
Click here to view the SEC filings for UBRG.
Bottom Line: UBRG is trailing near its recent lows and has had a history this year of becoming a hot penny stock which tends to fizzle out rather quickly. Play UBRG for the momentum once volume begins to pick up. Anything above 10 million shares traded in a session could be the beginning of another profit maker from its current level.
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