Cereplast, Inc. (OTCMKTS:CERP) Moves Up On Good Newsletter
We haven’t covered Cereplast, Inc. (OTCMKTS:CERP) for a while now, mainly because the company stock wasn’t making any significant movements in price and trades were kept to a minimum. Yesterday’s session, however, deserves some attention.
The last time we covered CERP was back in mid-August when the price of the ticker suddenly collapsed, losing a quarter of its value after the filing of their Q2 report following the paid promotional campaign that managed to generate a lot of investor interest.
Back then the company recorded sessions with more than 5 times its average volume and registered daily trade values in the millions of dollars. Things quickly changed, however, and despite the occasional optimistic press releases there wasn’t much interest in the stock and a lot of the sessions generated dollar volumes below $100 thousand.
Yesterday’s press release with which the company announced a $1.4 million purchase order for Cereplast Biopropylene® 101 from Dugar Eximark Private Limited managed to leave its mark and we finally saw a spark of investor interest.
The session started rather good with a decent amount of trades and a rise in value, before dropping to its opening price at around 11:00 AM. Right before 12:00 PM we saw a rapid increase in value accompanied by massive amounts of traded shares and the price peaked at $0.0176. Unfortunately the ticker slid back to close with a smaller 21.80% gain at $0.0162.
Even though things quieted down in the second half of the session, a recorded 36 million shares had switched hands in the day, generating a healthy $588 thousand in dollar volume.
Unfortunately, today’s session didn’t start that well for CERP‘s stock and the gain from yesterday is almost obliterated, with the ticker currently being 12.35% down at $0.0142. By now, more than 3 million shares have changed their owners, but we reckon that the drop in price may slow down the trading.
As mentioned above, the numbers of their latest quarterly report were the reason for CERP‘s mid-August drop, which we covered and we can’t expect much from the company stock while waiting for them to file their next report, shedding more light on their current financial state.
Until that time comes the stock could sway in both directions and the quick gains and massive trades are destined to be followed by relapses. This is the exact reason for which we advise you to do a lot of due diligence and weigh out the risks if you have any thoughts of investing in CERP.
One of the hottest tickers our there at the moment is Globalstar, Inc. (OTCMKTS:GSAT), who closed their last few sessions in the red, after a winning streak that lasted more than a week. Nonetheless, the volumes in which GSAT‘s stock is being traded still manage to generate high trade values of above $10 million.
On the other hand things are heating up for the stock of Sigma Labs, Inc. (OTCMKTS:SGLB), as they gained 28.07% in value yesterday on a volume that helped generate a trade value of $1.3 million.
