Seychelle Environmental Technologies (OTCMKTS:SYEV) Surges After Quarterly Report

[[tagnumber 0]][[tagnumber 1]]Seychelle Environmental Technologies (OTCMKTS:SYEV)’s stock rarely receives investor attention and we often see session in which there isn’t a single traded share. Still, after a depressing performance in the final months of the past year we have seen the ticker slowly climb the charts in 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]SYEV[[tagnumber 7]] remained leveled on the $0.35 per share mark throughout June, but things might change for the better these days. Last Friday the company issued its latest financial report and the numbers that were contained in its balance sheet looked pretty decent compared to other OTC entities that possess much more liquidity.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $861 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $3.56 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $290 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $2.34 million[[tagnumber 13]] [[tagnumber 12]]net income: $472 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As we can see, the cash positions of [[tagnumber 6]]SYEV[[tagnumber 7]] are fairly decent and the current liabilities are kept to a minimum. One of the best things is that the company is not suffering from toxic debt, while we see a very good amount in revenues. Furthermore, [[tagnumber 6]]SYEV[[tagnumber 7]] has managed to finish the quarter ended May 31, 2015 with a net income of nearly half a million dollars, something that few OTC markets listed entities can brag with.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Needless to say, the impact on the ticker was immediate. We saw [[tagnumber 6]]SYEV[[tagnumber 7]] climb 14.29% in Friday’s session and close at $0.40. The volume was nearly 10 times the thirty day average, but the 202 thousand shares that changed their owners only generated $75 thousand in daily trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today’s session already saw [[tagnumber 6]]SYEV[[tagnumber 7]]  climb to a high of $0.53 per share, but the unusual buying pressure has pushed the ticker to $0.46 which is still a healthy 15% gain from Friday’s closing price. All seems well for now, but you should be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]