Solar3D, Inc. (OTCMKTS:SLTD)’s Stumble Turns Into A Tumble

Yesterday brought Solar3D, Inc. (OTCMKTS:SLTD) another 16.26% down on a dollar volume of nearly 4 million.

It should be clear to anyone who’s done some due diligence what is currently causing SLTD‘s slump. Last week it had some pretty good sessions on, pushed up by news of its acquisition of MD Energy, and the momentum it gathered carried over on Monday, on an increasing dollar volume.

At that point, SLTD‘s latest 10-Q hit the web, and things got ugly. As can be seen from the charts, the ticker’s three consecutive red sessions, two of which were horrible crashes, have dragged it back and have cost it more than 30% of its market value.

Yesterday SLTD barely managed to stay above the $0.2 mark, and if the trade volume and the ticker’s momentum is any indication, the company’s current market value of $61.5 million is going to decrease dramatically before stock prices stabilize.

Moreover, it doesn’t seem like the company’s PR efforts are doing any good. It seems that profusion of optimism and shocking estimations can’t always be the safety net that could effectively halt the ticker’s descent when investors end up disappointed by SLTD‘s actual achievements.