eCare Solutions, Inc. (OTCMKTS:ECSL) Gathering Even More Momentum

[[tagnumber 0]][[tagnumber 1]]Up until the end of last month the stock of eCare Solutions, Inc. (OTCMKTS:ECSL) was hovering around the $1 per share mark and, judging by its daily dollar volumes, it didn’t manage to attract a lot of investor attention.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]In the final day of October, however, the company announced that their Singular 96™ fuel has been tested and certified by and EPA certified laboratory located in Fullerton, California. And despite the rather poor numbers that ECSL recorded in its latest annual report, covering the period ended June 30, 2014.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $0[[tagnumber 11]] [[tagnumber 10]]current assets: $496 thousand[[tagnumber 11]] [[tagnumber 10]]current liabilities: $129 thousand[[tagnumber 11]] [[tagnumber 10]]yearly revenues: $647 thousand[[tagnumber 11]] [[tagnumber 10]]yearly net loss: $1.3 million[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Yet, that didn’t stop the ticker gather momentum in an upward direction, while in the same time increasing its daily volumes significantly, despite the lack of press releases in the first half of the month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Finally, [[tagnumber 28]]ECSL [[tagnumber 29]]came out with a press release yesterday with which the company announced that its [[tagnumber 28]]EcoFlex 96™[[tagnumber 29]] flex fuel has been approved for sale in the state of Florida which led to even more investor interest.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The daily percentile gains that [[tagnumber 28]]ECLS [[tagnumber 29]]are increasing and the ticker added another 24% to its value yesterday, crossing the $2 mark and closing at $2.17. We saw some 646 thousand shares change their owners during the session which at that price generated $1.39 million in dollar volume, the highest since the beginning of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, the current market cap, which sits at around $100 million at the moment is quite high considering [[tagnumber 28]]ECLS’s [[tagnumber 29]]book value, which in term might mean that the ticker might be unable to top its 52 week high of $2.50.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]That, however, is for time to tell, so be sure to do your due diligence and weigh out the risks before making any investment decisions.[[tagnumber 2]]