Another Great Session For Neah Power Systems, Inc. (OTCBB:NPWZ)

5NPWZ_chart.pngThe stock of Neah Power Systems, Inc. (OTCBB:NPWZ) did great in the last session before the weeked and started this week even better. As stated in our previous article, the ticker made a good gain in price along a jump in volume for no apparent reason, but this time there is one.

Yesterday, the company announced that they will be sending out prototypes of their liquid fieled BuzzCell gizmo used for emergyncy charging of mobile devices to select consumers. The company currently has nothing to sell after they sold all of the BuzzBar’s that were launched in December and we are waiting for a second generation.

What is also good, is the fact that they plan for BuzzCell to be available for pre-order on their website this month and expect to begin shipping it to their customers in the early summer. NPWZ are also currently working on several other products, some of which compliment each other.

Still, yesterday’s good news made a positive impact on the company stock as NPWZ added another 61.52% to its value on even higher volumes than Friday. We saw a massive 57 million shares change their owners, that generated $2.89 million in trade value.

224LOGO.pngHowever, as we mentioned in our previous article, the current financial situation in the company makes the market cap of $45.7 million seem a bit steep and NPWZ will have to acquire funding. They have already issued 320 million shares in the past year and we might see dilution if they decide to acquire funding with further issuance.

This leaves room for correction, but the overall news are good and the trend might continue a bit longer. This doesn’t mean you should skip on doing your due diligence and weighing out the risks.

69PHOT_chart.pngMarani Brands, Inc. (OTCMKTS:MRIB) also made a good climb in the past sessions, but has started today on a bad foot. Medical cannabis stocks like Growlife, Inc. (OTCBB:PHOT) and Medical Marijuana, Inc. (OTCMKTS:MJNA) have also began climbing the charts again.

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