Cheap Stocks: Can GreenCell (GCLL) Have Another Pop?

One of the penny stocks to watch in the upcoming trading session is GreenCell Inc. (OTC : GCLL). Shares of GCLL had been on a steady decline since their September debut until the stock became too cheap to avoid and gained 62.5% on the 18th of this month. Although volume on the 18th only reached 206,675, about $60 thousand worth, GCLL is being spotlighted again tomorrow.

GreenCell is in the business of developing commercial and industrial applications for the SenCer, Inc. Ultra Temp Composite, including igniters, oxygen sensors, fuel cells, and brake pad products for the automotive, home appliance, heating and cooling and medical industries. As per the 10-Q for the quarter ended December 31, 2011, GCLL had recorded $0 revenues for the quarter, continuing their trend of $0 revenues since their 2009 inception.

Looking for Penny Stocks to Watch? Subscribe and get our next penny stock picks FREE.

GCLL Stock Snap Shot:

Market Cap: 8.77M

52-Week High
(Feb 6, 2012): 0.59
52-Week Low
(Apr 13, 2012): 0.177

Avg Vol (3 month): 105,610
Avg Vol (10 day): 63,771
Shares Outstanding: 32.48M
Float: 3.51M

5 Day Summary:
Percent Change: -16.92%
Moving Average: 0.283
Average Volume: 37,140

GreenCell reported $6,388 of cash which is all of the company’s current assets as of December 31, 2011. GCLL needs at least $1,050,000 in order to develop the products they have in their future product line. Their total current liabilities as of December 31, 2011 were $360,020 which consisted of $248,150 of notes payable and $111,870 of accounts payable and accrued expenses.

Since the 10-Q filing which was on February 21, 2012, GreenCell has had no other filings with the SEC. To view the SEC filings for GCLL, click here.

Bottom Line: Think Day Trade and nothing more if you choose to add GCLL on to the list of OTC penny stocks to watch on your level II screen.


Click To Follow Us:

Last updated by at .

  Recent Penny Stock News