Green Automotive Co. (GACR) Getting Rev’d Up Again

GACR Stock,$GACR, #GACR, Green Automotive Company, Ian HobdayThe Research Driven Investor group is using the penny stock of Green Automotive Company (GACR) to clog up inboxes for the next day or two. Having already gained over 60% since filing their 2013 annual report on March 31, shares of GACR stock are still -91.78% below their 52Wk high of 0.45 set back in November of last year. Despite the fact that the alternative energy vehicle focused company had to destroy every all-electric Zotye Sport Utility Vehicle they had in their possession due to a contract termination, their focus towards the green-driven diesel bus industry and electric motorbikes has them buzzing with optimism that this year will be even bigger than last year’s nearly 10-bagger growth.

Our Next Pick Is Coming Soon!
HERE To Make Sure You Don’t Miss Any Of Our Hot Penny Stock Alerts!

GACR, GACR Stock, GACR Stock Quote, GACR Stock Chart, $GACR, #GACR, Green Automotive Company, Ian HobdayGACR Stock Quote

Market Cap: 14.66M
Last: 0.037
Volume: 3,222,892
Dollar Volume: $119,247
Open: 0.04
High: 0.04
Low: 0.035
Trades: 129
Authorized: 1,000,000,000
Issued and Outstanding: 405,043,436
Officers and Directors: 176,673,249
14-Day Rel Strength: 46.46%
1st Resistance Point: 0.0397
1st Support Level: 0.0347

Looking for the Best Penny Stocks to Buy?
HERE To Receive FREE Penny Stock Alerts

Green Automotive Company, driven by Ian Hobday, CEO and Director, has just come off a banner year after reporting revenues for the year ended December 31, 2013 worth $3,025,850 – an 843% increase compared to the $320,648 reported in the previous calendar year. The growth gave Hobday a chance to state publicly that he honestly believes that the growth achieved in 2013, together with the acquisitions the company made, are going to open up doors that were once closed.

Investors in GACR stock are hoping that happens after they suffered through a slide on a razor blade and into a pool of alcohol for holding on since the shares peaked in November at 0.45. While most marijuana stock traders saw their investments increase over 1,000% from around mid-December, 2013, GACR stock did the exact opposite, dropping daily until the annual report filing on March 31 and just after bottoming out at 0.0181.

However, looking closer at the income statement Green Automotive Company reported, they really aren’t that far off from becoming a “positive EBITDA” reporting company if they can lay off issuing GACR stock for compensation and services rendered. With a gross profit of $1,081,559 from total revenues of $3,025,850, G&A expenses of $3,020,521 is what’s really preventing that from happening.

Assuming Green Automotive Company closes the deal with Blackhawk, a leading manufacturer of specialist composite materials, and Transhock, a well established re-manufacturer and distributor of vehicle parts and accessories, GACR stock could be on the radar for the duration of Spring and Summer. When you consider that executives and directors have stock options exercisable at 0.06, GACR stock at under 0.04 might not be a bad long.

GACR, GACR Stock, GACR Stock Quote, GACR Stock Chart, $GACR, #GACR, Green Automotive Company, Ian Hobday

About GACR Stock

Green Automotive Company is a development stage, alternative energy automobile company focused on the import, testing and distribution of foreign and domestic manufactured Eco- friendly passenger vehicles, Municipal Transit Buses, School Buses, Limousines, and Airport and Hotel Shuttle Vans and the conversion of conventional internal combustion engine driven vehicles into all-electric powered vehicles.

Click here to view the SEC filings for GACR.
Click here to view the website for Green Automotive Company.

Last 5 Trading Sessions:

Date Open High Low Last Change % Change Volume
04/04/14 0.0400 0.0400 0.0350 0.0370 unch unch 3,222,800
04/03/14 0.0460 0.0480 0.0350 0.0370 -0.0070 -15.91% 7,572,900
04/02/14 0.0350 0.0480 0.0350 0.0440 +0.0090 +25.71% 5,772,400
04/01/14 0.0265 0.0350 0.0250 0.0350 +0.0080 +29.63% 1,702,600
03/31/14 0.0230 0.0280 0.0230 0.0270 +0.0030 +12.50% 1,057,300


Bottom Line:

Electric vehicles are something that the world outside of the U.S. will embrace long before the muscle-car, V8 loving American culture will. However, with big businesses hampered by fuel costs that effect their bottom line and piss off shareholders, penny stocks like GACR might be the next bubble the stock markets experience when pot becomes boring. Alternative energy driven vehicles is due to become the norm for businesses in the shuttling of persons or goods and with the revenues 2013 brought about, getting you inbox clogged up with alerts on GACR stock today might turn out to be a profitable blessing in disguise.

facebookTwitterStay Connected With Us: 

Our Next Pick Is Coming Soon!
Text Keyword “AIMHIGH” To 99000 To Make Sure You Don’t Miss It!

Last updated by at .

  Recent Penny Stock News