Blue Earth, Inc. (OTCMKTS:BBLU) Heads Above $3
Blue Earth, Inc. (OTCMKTS:BBLU) is poised to reach $3 in the new week, unless jitters break the nice few days of regular gains. The renewable energy company rises on an ongoing promotion from SmallCapStockPlays, in exchange for a stock compensation. Since the last email. BBLU continued upward and gained a further 60 cents on robust buying volume. The ticker added a tiny 3.1% on Friday, reaching $2.99.
It seems BBLU moves on general inertia, as the press releases and emails have been silent for a while. The company has a long-term history of robust activity, which even without a promotion is not negligible. Still, BBLU has several ongoing financial concerns, as seen from its financial data:
- $458 thousand cash
- $6.6 million total current assets
- $8 million total current liabilities
- $2.8 million revenues
- $1.8 million net loss
The clean technologies are going slow for the company, so far piling up debt and losses. So far, the debt is managed by new stock issues, and this cannot go on forever. BBLU shuffled around its management team, hiring Robert C. Potts and Brett Woodard for Chief Operating Officer and Chief Financial Officer. BBLU set some hopes that those two newcomers would bring experience and take the company on the road to profitability.
So far, BBLU depends on enough projects, such as large solar parks, to fill up its reserves. But for the shorter term, the concern is if the ticker will continue for a while or will go over the hill in the new week. What BBLU will do after the peak may be the little sideways drift at the end of May, as the latest trend seems to be lacking corrections that are too deep.
It seems SmallCapStockPlays has moved on, choosing Mission Mining, Co. (OTCMKTS:MISM), a newly active ticker. So far, this selection drifts around 10 cents on alternating massive buying and selling. While this is a different type of bet, it still shows how the pumper manages to create disproportionate movements in a ticker.