Shares in Green Energy Renewable Solutions, Inc. (EWRL) is about to see some massive activity on its penny stock these next few sessions. EWRL stock price is just 0.161 but the penny stock has risen 519.23% in the last 10 days on average volume of 52,347 shares. It’s a total POS, but this POS is gonna run like it just had 50 burritos from a taco stand in Tijuana.
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EWRL Stock Chart
Market Cap: 5.03M
Shares Outstanding: 31.24M
Float: 24.90M
Green Energy purchased a 5-acre parcel of land in Highland Park, Michigan in November 2011 and began preparation of the site to receive construction and demolition (“C&D”) waste. The site is cleared and most of the necessary equipment is in place to receive waste material and begin advanced recycling operations to recover valuable materials in the waste stream. Green Energy is working closely with local officials to complete the permitting process and expects to commence full operations within 60 days. When complete, Green Energy’s plan is to process 750 tons per day by the end of the third quarter generating annual “tipping fee” revenues of approximately $2,600,000 and significant revenues from recovered recyclable materials.
Furthermore, the Company agreed to purchase an adjacent 10-acre parcel to complete the recycling facility. The property is strategically located to make it attractive to locally contracted haulers and the permitting process for acceptance and processing of C&D waste is underway.
As of March 31, 2012, EWRL reported having:
$50 in Cash
$12 in Sales for the quarter
$1,222,735 Net Loss for the quarter
See here
About EWRL Stock
Green Energy Renewable Solutions is a developer and operator of municipal solid waste and construction and demolition waste processing and recycling facilities. The Company operates with long-term supply agreements to process waste materials into valuable recyclables and reduce waste volume going into landfills by up to 85%. Green Energy Renewable Solutions has developed a strategic plan to create sustainable renewable energy with waste-to-energy power plants and the production of waste derived fuels.
To view the SEC filings for EWRL, click here.
Bottom Line: Get EWRL on the list of penny stocks to watch immediately and control your greed. The last few times that BDPS has sent out, the stocks did not survive their 2nd day. EWRL stock should be a huge trader today and a big gap up tomorrow for those that missed the morning alerts.
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