Sunvault Energy Inc (OTCMKTS:SVLT) Surges For No Apparent Reason

[[tagnumber 0]][[tagnumber 1]]Sunvault Energy Inc (OTCMKTS:SVLT) has had a rocky trip through the charts since the beginning of this year. The company has gone up and down, but is holding pretty decent positions so far, especially when you consider all the red flags that have surrounded it throughout the past year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Let’s not forget that [[tagnumber 6]]SVLT[[tagnumber 7]] hasn’t been very serious about its reporting obligations. The company didn’t file three of their reports for the first nine months of 2014 until Q1 of this year and, as it turned out, they were full of errors and had to be amended. The deal with 2014’s 10–K and the 10–Q for Q1 of this year was pretty much the same.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Apart from all these delays, errors, amendments and restatements the 10–Q for the second quarter of the year wasn’t too optimistic, but that didn’t seem to scare investors away.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 15]] [[tagnumber 16]]cash: $83 thousand[[tagnumber 17]] [[tagnumber 16]]current assets: $2.01 million[[tagnumber 17]] [[tagnumber 16]]current liabilities: $4.3 million[[tagnumber 17]] [[tagnumber 16]]quarterly revenues: $1.35 million[[tagnumber 17]] [[tagnumber 16]]quarterly net loss: $1.01 million[[tagnumber 17]] [[tagnumber 26]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, [[tagnumber 6]]SVLT[[tagnumber 7]] suffered throughout the second half of the past month and lost quite a lot of value. There haven’t been any news from the company since they announced that they were going to try and create an electric supercar alongside the Edison Power Company back in the beginning of the past month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This is why yesterday’s performance seems rather strange. There were no pumps, no new press releases or anything other that would trigger a 20.54% jump in price. Still, that’s exactly what [[tagnumber 6]]SVLT[[tagnumber 7]] did. The ticker climbed to $0.675 while a total of 205 thousand shares were traded and generated $138 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company stock seems more hesitant in today’s session and it’s absolutely possible that it will return to sliding. This is why doing your due diligence before making any trades is a must.[[tagnumber 2]]