Sunvaul Energy Inc (OTCMKTS:SVLT) Climbing The Charts

[[tagnumber 0]][[tagnumber 1]]The stock of Sunvault Energy Inc (OTCKTS:SVLT) has had its ups and downs in this year of trading and is, so far, managing to keep a decent price, especially when you consider the many red flags that the company has to offer.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As we have previously mentioned, [[tagnumber 6]]SVLT[[tagnumber 7]] has had a hard time keeping up with the time frames in which it should file its financial reports. Not only that, but due to numerous errors it had to amend and restate said filings, which always rings a bell. Furthermore, the numbers contained in said reports are rather disappointing. A quick look at the balance sheet of the one covering Q2 of this year shows just that.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $83 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $2.01 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $4.3 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $1.35 million[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $1.01 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]SVLT[[tagnumber 7]] has shown that the costs for generating such revenues create little room for profit and when you add additional spending we see that big loss forming. The current liabilities have also grown and [[tagnumber 6]]SVLT[[tagnumber 7]] has also picked some convertible debt along the way, while the decrease in cash on hand is significant.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, the company has been trying hard to boost investor confidence. Back in the beginning of September [[tagnumber 6]]SVLT[[tagnumber 7]] announced that they have plans for building an electric supercar alongside the Edison Power Company. This did manage to provide a boost for the company stock’s price, but the hype was short–lived and by the end of the month the ticker had slid below the price at which it started it.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We saw some hesitation in this month of trading and the volumes were significantly lower than the ones recorded in September and August. Another piece of PR that came last Wednesday, however, managed to push the ticker up and even provided a boost in the first session of this week.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Yesterday we saw [[tagnumber 6]]SVLT[[tagnumber 7]] climb 11.63% and finish the session with a price of $0.72. The volume was nearly four times the 30 day average and the 239 thousand shares that changed their owners generated $177 thousand in daily trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see a bit of hesitation in today’s session, however, so the upward run might have already come to an end. I any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]