GDTK | GDT Tek Finally Turning Up The Heat On The Charts

GDTK Stock, GDT TekSmall floats sometimes can make the biggest waves and that’s exactly what’s happening today on the penny stock of late SEC filer GDT Tek Inc. (GDTK). After the company, focused on renewable and sustainable energy technologies, announced Tuesday that its Phoenix ORC unit, which converts waste heat into electricity, will now be made available for sale, GDTK stock has decided to use the heat from its latest PR as momentum. Since Monday, the penny stock has gained 280% and is a well deserved addition to the watchlist.

Click HERE To Make Sure You Don’t Miss Any Of Our Breaking Alerts!

GDTK Stock, GDT TekGDTK Stock Chart

Market Cap: 484.50K
Last: 0.095, up 0.045 (90.00%)
Volume: 141,420
Dollar Volume: $11,149
High: 0.095
Low: 0.055
Trades: 17
Average Trade Size: 8,318
Authorized: 9,999,000
Issued and Outstanding: 5,100,976
Float: 4,898,024

Looking for Hot Penny Stocks?
here and get Alerts on the Best Penny Stocks FREE

Although GDT Tek is still filing 8-K’s with updates on changes of certain events with the SEC, the last filed Q or K was the Company’s 10-K for the fiscal year ended June 30, 2010. However, the recent OTCMarkets filed update indicates that cash was $0 , matching revenues, for the period ended March 31, 2012. It also indicates how $460,000 in property taxes were due then for 109 Acres in Desert Hot Springs, California the Company  purchased for $2 million (assuming $1,600,000 in notes secured by the property and $460,000 in property taxes).

According to reports, the GDT Tek system has been proven through a long-term five year installation  at a San Jose, California-area landfill. Waste heat captured from landfill-generated methane gas generator engine exhaust and radiator jacket coolant systems is used by the GDT Tek system to generate electricity which is then sold to the grid. Unfortunately, none of those revenues have ever been booked, at least not since July 1, 2009.

The Company claims that development on their prototype power unit started in 2000 and culminated with the completion of the first operational 15kW waste heat electricity unit in June of 2001. A follow on 50kW unit prototype was completed in May of 2002. After undergoing evaluation and further design refinement at the Republic Federal landfill site in Milpitas, California, the Company claims to have operated the upgraded unit at 150KW capacity for five years, producing revenues each  month in power sales.

The latest PR claims that GDT Tek decided to offer its waste heat conversion into electricity “Phoenix ORC” units to Companies in the U.S., and outside the Country, based upon increased inquiries to buy the units.  The units apparently can convert over 4 milion BTU’s of waste heat into 150 kW of net usable electricity.

About GDTK Stock

GDT Tek Inc. is engaged in bringing solutions to the market utilizing low temperature heat sources to produce electricity. The company has licensed patented waste heat to electric power generation technology and is driving its adoption by power plants, landfills and other waste-heat generating industries. GDT Tek’s waste heat to electricity systems are powerful enough to serve as a primary energy source, highly efficient, immediately cash-flow positive when installed under a Power Purchase Agreement and are scalable with system sizes from 150 KW/Hr to 5000 KW/Hr currently available.

Bottom Line: The power source behind the sudden surge in this waste-to-energy focused penny stock has yet to be determined. regardless, GDTK is hot and should be on the watchlist. GDTK stock has been active since March with this recent surge being the first positive turn the stock has shown since the slide from 0.89 began.

Here is your opportunity to subscribe to the Most Read Penny Stock Newsletter

If You Can’t Make Money With Us, You Shouldn’t Be Trading Penny Stocks

(We are 100% Anti-Spam and will never rent or sell your information)

Last updated by at .

  Recent Penny Stock News