Shares in penny stock Sunvalley Solar, Inc. (OTC: SSOL) gained 19.23% in the last trading session to close at $0.0031. SSOL had daily volume of 7,698,696, more than double the OTC stock’s 10, 20 and 30 day average volume. There were a total of 25 trades on SSOL stock with an average trade size of 307,947 shares.
SSOL has not made any press announcements since January 5, 2012 when the penny stock announced it had been awarded a contract worth $486,000 to install an 88KW solar system for Hans Enterprise Ltd in Anaheim, California.
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SSOL has a market capitalization of $2,715,724 on its 876,039,889 shares outstanding. SSOL has two patents pending, millions of dollars in contracts and possible mergers with larger companies.
It seems that many of SSOL‘s contracts have not come to fruition and the Q3 SEC filings showed a net loss of $193,281. This loss, along with a convertible note financing valued at $500,000 in 2011 which was satisfied and an additional $450,000 going into 2012 has caused substantial dilution of SSOL.
SSOL share price has gained 19.23% over the last 30 days. SSOL has a 5-Day moving average of $0.0029 but SSOL share price is still down -31.11% YTD.
Sunvalley Solar, Inc. is a leading solar system solution provider that offers comprehensive solar energy technology, system design, installation, equipments, and technical support for electrical contractors, builders, homeowners, businesses/commercial buildings, and government entities that assist them in lowering or utility bills, reducing environmental impacts, and increasing energy reliability and independence through solar energy.
Located in Los Angeles, California, SSOL is committed to reducing the world’s carbon foot print from traditional energy sources to make renewable sources such as solar the nation’s mainstream source of power.
To learn more, visit www.sunvalleysolarinc.com.