Shares in the penny stock of Sauer Energy Inc. (OTCBB: SENY) could gain on the news that 25 partners for sales and installations are about to be signed. SENY, closed down -8.33% at $0.275 in the last trading session on volume of 722,535 just a week after the penny stock reached a high of $2.40. Sauer Energy’s penny stock price is down -61.27% YTD after SENY finished the week down -19.12%.
Sauer energy announced before the start of trade for the day that they are about to sign the first 25 regional Distributor Partners for sales and installations of their patented WindCharger™ Vertical-Axis Wind Turbine (VAWT). The company is selecting applications for regional Distributors in North America as Sauer Energy begins to ramp up its plans for high rate production.
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SENY Stock Snap Shot:
Market Cap: 21.45M
(Apr 5, 2012): 2.40
(Apr 13, 2012): 0.23
Avg Vol (3 month): 533,224
Avg Vol (10 day): 321,300
Shares Outstanding: 78.00M
% Held by Insiders: 51.12%
Sauer Energy’s WindCharger is a new generation of highly efficient wind turbine that has a very low profile with environmental and aesthetic advantages over the large, horizontal windmills. It is available for new and retrofit installations for homes and buildings and can co-exist with locations that have solar panel installations.
Sauer Energy reported a big fat “DONUT” for top line of their income statement in their most recent 10-Q filed April 11th. More intriguing is that the company has no inventory so sales and installations of nothing would amount to nothing or is my calculator broken.
To view the SEC filings for SENY, click here.
Bottom Line: SENY hit a 52 week low on Friday of $0.226 on 2X the 10 day volume. Many a bagholder owns this penny stock from the 5th of April when the stock ran to $2.40 so expect sellers if you are looking to buy.
SENY is a day trade idea to add to your list of penny stocks to watch, especially if you are a player of press release bingo. The first 10 minutes will indicate where the day ends. With a range in the last trading session of nearly 8 cents, there is an easy 10-15% to squeeze out of SENY.Share