Sub-penny stocks typically don’t get much coverage by us but when your fiscal year revenues are nearly equal to your market cap, your going to trigger a “beep” when running the stock screen. East Coast Diversified Corp. (OTC: ECDC) traded 35.12 million shares in the last trading session on this penny stock. Two other otcbb stocks that traded very similar to ECDC towards the end of 2011 were CBIS and NeoMedia’s NEOM.
East Coast Diversified Corp., through its majority owned subsidiary, EarthSearch, offers a portfolio of GPS devices, RFID interrogators, integrated GPS/RFID technologies and Tag designs. These devices provide real-time visibility of assets and goods in transit as well providing specialized security applications for sea ports, shipyards, and power and energy plants.
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ECDC Stock Snap Shot:
Market Cap: 827.72K
52-Week High
(May 6, 2011): 0.069
52-Week Low
(Feb 1, 2012): 0.0011
Avg Vol (3 month): 138,906
Avg Vol (10 day): 97,614
Shares Outstanding: 197.08M
Float: 102.45M
ECDC generated revenues of $147,193, $129,248 and $463,283 and incurred net losses of $1,473,225, $2,496,892 and $806,057 for the years ended December 31, 2009 and 2010 and the nine months ended September 30, 2011, respectively. This at the very best indicates they are headed in the right direction with growing revenues and decreased losses.
To view the SEC filings for ECDC, click here.
Bottom Line: If your thinking of adding ECDC to your list of penny stocks to watch, think day trade. ECDC has been mentioned in press releases from StockBraniac, MobileStockPicks and The Universe Watchlist. This is the only reason why ECDC is up 68% in the last five trading sessions.
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