After peaking yesterday to set a new 52 week high following an amazing 2 month long run only to do it again today, the penny stock of Vega Biofuels, Inc. (VGPR) is seeing a healthy pull back early today which could lead to another run. Shares of the VGPR stock have been “on fire” over the last three trading sessions, doubling from their 0.0066 on Wednesday of last week. Having just launched their “Grow With Us” marketing campaign at the Cannabis Cup in Denver this past weekend, an entry point at something under .01 is what would make for a spectacular way to end a Tuesday.
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VGPR Stock Quote
Market Cap: 1.29M
Last: 0.012 ▼ -0.0003 (-2.44%)
Dollar Volume: $182,700
14-Day Rel Strength: 76.30%
1st Resistance Point: 0.0159
1st Support Level: 0.0095
52Wk High: 0.017
52Wk Low: 0.0002
Prior to the sudden entry into the marijuana sector, Vega Biofuels and their VGPR stock were exactly what you would expect of a 0.002 priced share – worthless. For the 12 months ended December 31, 2013, not only were there no sales of biofuels, but there was no inventory of it either to go along with the $18,344 of cash which all came from the sale of shares to private investors.
As like almost every other pinksheet listed company who had a ton of shares but no buyers for them, President and CEO, Michael K. Molen, did what every other CEO who now leads a marijuana focused company did – they threw their hat into the circle. How they had plans to build a manufacturing facility that when completed, will manufacture a renewable energy product known as bio-coal using special technology called torrefaction as well as Biochar, a product that is very similar to bio-coal, but is not used as a fuel, that also uses torrefaction for making it, is beyond any financial calculators comprehension.
Regardless of the building or not building of a manufacturing facility, VGPR stock has been a real winner for those who rode the green puff of smoke from when shares were just 0.002 last month. With the “Grow With Us” marketing campaign they launched at the Cannabis Cup this past weekend, it would make sense that VGPR is still reaping the benefits of the Cannabis Expo since, for anyone who has ever grown pot before, their Biochar would be an integral component to the marijuana growing process.
Not having a clue how long the positive trend for VGPR stock can continue, the fact that it is one of the few sub-penny tickers that went into the marijuana industry and managed to surpass the penny price speaks volumes for how well they are managing the distribution of these worthless shares Since no one is being paid to promote VGPR, the momentum is and will continue to be driven from the message boards which can’t say enough good things about how stable the trading has been and how high the share price is due to go – at least for now.
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About VGPR Stock
Vega Biofuels, Inc., originally formed to pursue the production and sale of biofuel products throughout the world, is a development stage company that recently expanded its business model to include the production of a product called torrefied biochar for various agricultural applications, including Marijuana and Hemp growers.
Issued and Outstanding: 1,149,935,395
Last 5 Trading Sessions:
VGPR has been one of the best sub-penny stocks over the past 2 months and having tried to test .02 already today further solidifies the strength this ticker has behind it. Searching out an entry point under .01 may be a difficult task considering the sentiment about where VGPR stock is headed, but as has been proven many times before, patience for bounces tends to be more advantageous than grabbing the fruit off the top of the tree.
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