Fuse Science (OTC: DROP) did just that, dropping 15% after a huge run throughout June. After making huge gains, the stock closed at $0.255 today, after closing Tuesday at $0.30. The stock has been performing well since May 23, 2012, when it closed at $0.2250. The stock rose to $0.035 on June 11, 2012, and it has stayed around that level ever since. The stock reached its 52-week high on December 13, 2011, when the price quickly rocketed to $0.98.
Today’s volume, at more than 2.3 million shares, was four times above the average of 563,457 shares, but nowhere near the 52-week high posted on December 13, 2011, when the sock rallied and the volume reached more than 12.2 million shares. The volume also exceeded 10 million shares on November 28, 2012 and January 12, 2012.
Fuse Science is a consumer product company based in Miami Lakes, Florida. The company has changed the way that athletes consume vitamins, nutrients and minerals. Fuse Science accomplishes the same results as a sports drink, but in a highly concentrated format. The company delivers energy, nutrition, medicine and skin care in just one drop. The company recently signed Tiger Woods as a sponsor.
Fuse Science just announced today that it is giving away 400 bottles of its EnerJel product to fans in honor of the company’s partner, David Ortiz, who hit his 400th home run. Energel is a dose of energy in gel form that helps fight muscle fatigue. Fans can go to the company’s website, www.poweredbyfuse.com, and enter promo code PAPI400 in order to receive the free sample.
On June 13, 2012, Fuse Science announced that it had found a way to improve drug delivery under the skin. The company tested caffeine through the epidermis and the effects were evident in three minutes. This is leading Fuse Science to test the possibility of taking medications that are currently in patch form and redesigning them into “roll-on” type medications that work quicker and more effectively.
Fuse Science was a heavily promoted stock all through June 2012 and even up until July 3, 2012. It was considered to be a monster pick after making 83,000% gains. All good things must eventually come to an end. Is this the end of the run for Fuse Science? Or will the stock pick up again soon? Even despite its drop today, Fuse Science’s stock has no doubt made many investors rich. This is one small-cap stock that many investors will continue to watch and hope that it gains momentum again soon.
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