BlueEarth, Inc. (OTCMKTS:BBLU) Keeps Near Peak Levels
BlueEarth, Inc. (OTCMKTS:BBLU) is simmering over the long weekend, after ending the week with two days of robust buying that took the ticker to $3.40. BBLU added only half a percent, on volumes a bit above $511,000.
BBLU has not been promoted since August 26th, by SmallCapStockPlays. This pumper took up BBLU without the boost from a third paying party, as a means to boost its own record. The new week will show if BBLU can sustain its relatively high price levels. And the company’s latest PR message came in on August 27th, as BBLU was interviewed on trends and potentials in the agricultural irrigation industry.
But even with the longer-term perspectives, BBLU is now dependent on sentiment and the proximity of publicity efforts. Still, the irrigation business could provide some longer-term prospects. Here is how the balance sheet lines up, in terms of those prospects:
- $3.2 million revenues
- $5.3 million net loss
- $3.8 million cash
- $11 million total current assets
- $6.5 million total current liabilities
The message boards have been relatively inactive about BBLU, mostly expressing concerns that the company is releasing too many new shares, and putting itself in debt.
Another small cap ticker that shot up to amazing levels is Corporate Resources Services, Inc. (OTCBB:CRRS), which in two months more than doubled its price to $3.95. This ticker is without a promotion, but there’s been a pickup in activity in 2013 which led CRRS from below 50 cents to its current three-year peaks.
Bluforest, Inc. (OTCMKTS:BLUF) held much higher promises, and paradoxically fell soon after the days of peak enthusiasm. In August, BLUF permanenly moved away from the $2 levels and is sinking below a dollar now.
If you need to take up one of the more expensive penny stocks, keep in mind that the price is no guarantee of stability. Be prepared for corrections and do not invest if you are not prepared for a correction from the peak prices.