Might Blue Earth Inc (OTCMKTS:BBLU) Drop Below $2

After Blue Earth Inc (OTCMKTS:BBLU) filed their latest financial report in the middle of November, things weren’t going exactly good and the company stock dived deep below the $3 per share mark.

Consequent to the 2 big crashes in price the stock nested itself at exactly $2 on December 4, after an intense trading session in which the ticker registered a massive amount of traded stock. Things turned around in the following sessions and the company stock started moving up, reaching $2.45 after Monday’s close.

Despite the fact that BBLU made an optimistic press release which informed informed investors that the construction work on 13 additional solar photovoltaics (PV) has been started by their wholly owned subsidiary, BE Solar, however, the stock began to slide down again.

After a small slip on Tuesday, estimated to be below 1%, BBLU‘s stock dropped a further 16.05% in yesterday’s session on quite the volume. As the price was moving from $2.43 to $2.04 per share we saw more than 132 thousand shares switching hands, generating $286 thousand in dollar volume.

The question of whether BBLU‘s stock will drop below the $2 mark remains and their stock is highly volatile at the moment. Considering the financial state and plans of future spendings we can see BBLU sway in both directions in the near future, despite the optimistic PR.

This is the exact reason for which we would advise you to do your due diligence and carefully weigh out the risks before jumping in their bandwagon.

First Titan Corp. (OTCBB:FTTN) also had a bad session yesterday as their stock registered another day in the red with a 17% loss in price. Makism 3D Corp. (OTCBB:MDDD)’s stock on the other hand, continues to climb the charts and added an impressive 47% in yesterday’s session.