HyperSolar Inc (OTCMKTS:HYSR) Trying To Stabilize After The Crash

[[tagnumber 0]][[tagnumber 1]]HyperSolar Inc (OTCMKTS:HYSR) was traded very thinly throughout most of this year as the company was in the process of developing a 1.5V, commercially viable, real world application of the company’s technology that can produce renewable hydrogen using any source of water and sunlight.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It was very important that [[tagnumber 6]]HYSR[[tagnumber 7]] made a step towards such an achievement as the numbers contained in the company’s balance sheet were pretty terrifying. Here is just a quick example of what [[tagnumber 6]]HYSR[[tagnumber 7]] had to show at the end of March this year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: $7,784!!![[tagnumber 15]] [[tagnumber 14]]current assets: $45,924[[tagnumber 15]] [[tagnumber 14]]current liabilities: $11.1 million!!![[tagnumber 15]] [[tagnumber 14]]revenues: ZERO[[tagnumber 15]] [[tagnumber 14]]net loss: $1.7 million[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Finally, the awaited news came in the beginning of this week. The company announced that it has managed to reach 1.55 volts using their system. That was back on Tuesday and we saw the ticker explode, gaining 49.53% in a single session and closing at $0.0235 per share on more than 10 times the 30–day average volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Unfortunately, the hype didn’t last long and the company stock crashed horribly in the following session, losing 26.56% in value and nearly obliterating all the gains that it previously made.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]With no new press releases we see that [[tagnumber 6]]HYSR[[tagnumber 7]] is trying to stabilize. As the volumes dropped significantly we saw the ticker climb 14.89% in yesterday’s session and close at $0.027. The 3.51 million shares that were traded, however, generated only $88 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see [[tagnumber 6]]HYSR[[tagnumber 7]] is back in the red as of the writing of this article and we might see the company stock slip a bit lower before becoming more stable. The volume is expected to be rather low.[[tagnumber 2]]