Sunvault Energy Inc (OTCMKTS:SVLT) Stays Calm Under the Pressure

Can a website push a stock to a 23% green close in a matter of a single session? Sunvault Energy Inc (OTCMKTS:SVLT) showed us in February that the answer is yes.

It all happened when a website belonging to a company called SuperVault Energy Inc started to get investors all fired up. It clearly had a connection to SVLT, and it also had a video originally uploaded by General Electric Company (NYSE:GE) on it. Predictably, the rumor mill roared into life and people started buying. All the speculation, however, made things a little bit shady.

About a month later, SVLT decided to shed some light on the situation. They issued their first press release in a while and said that SuperVault is indeed a joint venture. They own a 50% stake, but GE has nothing to do with it. The other half of the JV is owned by a company called Nanotech Energy Inc, which, by the looks of things, was established in June 2014.

In April, SVLT announced another partnership, this time with Edison Power Company – a company that was established just two weeks before the actual press release. SVLT‘s management team said that with the help of their new partners, they will be able to design and manufacture graphene supercapacitors that will be more cost-effective and more environmentally friendly than what Tesla Motors Inc (NASDAQ:TSLA), for example, want to build at their $5 billion Gigafactory.

On May 6, SVLT said that they, along with Edison Power, have come up with a 10,000 Farad supercapacitor which has the size of a paperback novel, but can power up a semi truck. A couple of days ago, a person called Robert Murray-Smith (who apparently works for SVLT and Edison Power) uploaded a video and said that he is only “two or three days” away from coming up with a 1 MegaFarad capacitor.

Sounds… err… electrifying, but does anyone actually believes all these things?

We’re struggling to see Elon Musk losing sleep over the hype around SVLT and he probably won’t be in too much of a hurry to pull the plug on his enormous Gigafactory project. Investors, however, seem to like what they are hearing.

Indeed, we’ve seen far more explosive stocks on the OTC Markets, but SVLT does appear to be holding up relatively well. It did drop from over $0.80 to $0.70 during the first half of May, but since then, it’s been moving mostly sideways and it has avoided further crashes. There are some volume spikes as well. Yesterday, for example, investors traded about 212 thousand shares (four times the thirty-day average) and pushed the ticker to a close of $0.705 per share.

But will it manage to run up again?

That depends on whether the people behind SVLT can really come up with those revolutionary supercapacitors. If they do it, the stock will become really interesting and we might even see some big investors pouring money into it. The big fish won’t spend a dime, however, until the company sorts out its reporting delinquency.

As we mentioned in our previous article, SVLT did manage to file the reports for the first three quarters of last year. The 2014 annual one and the one for Q1 of 2015, however, are still missing which means that the company profile at the OTC Markets is still stamped with a Limited Information sign. And that alone should warrant some extra caution.