Alternative energy investors who are on the lookout for penny stocks that have a working business model should take a close look at Terra Energy Resources, Ltd. (TRRE). Filing their annual report shortly after the closing bell, the recycler of post-industrial, post-consumer and post-commercial plastics had a very bullish Q4 and a secret weapon in their arsenal. With TRRE stock being as cheap as it is, it would be a pity to see this one not appreciate to a level which it’s already been at just a couple of weeks ago.
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TRRE Stock Quote
Market Cap: 8.86M
Last: 0.0183 ▼ -0.0005 (-2.66%)
Volume: 299,274
Dollar Volume: $5,632
Open: 0.019
High: 0.0196
Low: 0.0183
Trades: 15
Authorized: 500,000,000
Issued and Outstanding: 484,270,612
Float: 117,697,300
14-Day Rel Strength: 44.30%
1st Resistance Point: 0.0192
1st Support Level: 0.0179
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Terra Energy Resources is banking some revenues out of the 25,000 sqft processing facility they operate thanks much in part to the on-going back-end services, support and recycling to an unnamed NYSE listed company. For the year ended December 31, 2013, the Company booked $211,500 of sales, $188,300 of which came in the 3 month period ended December 31, 2013.
It’s pretty easy to see how Terra Energy was able to have such a great Q4. In July, 2013, the Company acquired Energy Recyclers Inc. in exchange for 334,417,000 shares of TRRE stock, valuing the wholly owned subsidiary at $3,400,205. This now allows for the Company to bring in cash since they have the capacity to process between 2,000,000 and 3,000,000 pounds of recycled compounds per month from their Hamilton, Ontario Canada based facility.
Although the revenue numbers recorded for the 3 and 12 months ended December 31, 2013 are no where near the level they need to be for Terra Energy Resources to be remotely close to booking net income, the bulk of their revenues came in during Q4, 2013 which is a very positive sign. No PR has yet been issued since the Company ran into financial difficulties a few years ago, delisting from the OTCBB, which means those who can get an understanding of what their all about would be positioned to sell TRRE stock when the buyers come in.
Terra Energy Resources functions like many other plastic recyclers. The company reduces and re-circulates oil based polymer compounds back to usable, functioning process streams, thereby diverting oil based compounds from waste streams and contaminations. In the process, the Company produces a variety of different oil based polymer materials that are then sent back to manufacturers for re-use.
As for what to expect from TRRE stock,from a look at the chart, it wasn’t but a couple of weeks ago that volume showed the share price can rise to .05 pretty quickly. Now that financial statements are filed and everyone can see that positive cash flow is, once again, coming in the doors, TRRE stock should be an easy double or triple from where it stands now.
About TRRE Stock
Terra Energy Resources, Ltd. is a development stage company engaged in the process of polymer based recycling and reformation.
Click here to view the financial filings for TRRE.
Click here to view the website for Terra Energy Resources.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 03/19/14 | 0.0190 | 0.0196 | 0.0183 | 0.0183 | -0.0005 | -2.66% | 299,200 |
| 03/18/14 | 0.0212 | 0.0225 | 0.0188 | 0.0188 | +0.0005 | +2.73% | 75,000 |
| 03/17/14 | 0.0200 | 0.0200 | 0.0183 | 0.0183 | -0.0027 | -12.86% | 1,843,000 |
| 03/14/14 | 0.0229 | 0.0229 | 0.0210 | 0.0210 | -0.0019 | -8.30% | 502,500 |
| 03/13/14 | 0.0229 | 0.0229 | 0.0229 | 0.0229 | -0.0001 | -0.43% | 5,000 |
Bottom Line:
There is a lot to like about TRRE and a number of good reasons why it should be on the list of penny stocks to watch. With the ink from the annual report still drying, early traders who jump on TRRE stock are sure to feast on the lowest prices to be seen.
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