Great Wall Builders (OTC: GWBU) dropped nearly 17% in today’s trading session. The company’s stock price closed at $0.245 and opened today’s trading session at $0.232. After dipping down to $0.197, the stock closed at $0.203. The stock made great gains from May 15, 2012 to June 14, 2012, when the stock price rose from $0.40 to $1.54 in just two weeks’ time. From there, the stock dropped back down as quickly as it rose. It dipped as low as $0.1870 before rising back up to $0.29 on July 5, 2012.
For 18 months, Great Wall Builders’ stock price stayed level at $1.20 before exploding to $13.00 on January 30, 2012. It once again stayed level until March 26, 2012, before falling to $0.21.
Great Wall Builders’ average daily trading volume was also down, from the average of more than seven million shares to nearly 4.3 million shares. The company had virtually no trading volume until April 30, 2012, when nearly 13 million shares were traded. May 14, 2012 saw an explosion, with almost 113 million shares traded. June 4, 2012 was another busy day, with a volume of nearly 60 million shares, but no other trading day has come close.
Great Wall Builders, which operates under Start Technologies Europe, is a clean-tech company that focuses on improving fuel efficiency while reducing emissions. The company serves corporations, government, military and consumers. The company has created the Start device for vehicles, which uses a high-voltage electric current to create combustion and increase energy output, thus lowering emissions and reducing money spent on gas.
Great Wall Builders, headquartered in Quebec, Canada, has made huge gains with the Start FEED (Fuel Efficiency and Emissions Device) technology. Last week, the company announced successful completion of the Start technology field testing. The field tests were conducted by Cooperativa Trasporti di Riolo of Italy, a tourism and public transportation services provider. Field tests showed an average fuel savings of 15%. The vehicles also met European Low Emission Zone requirements. Cooperativa Trasporti di Riolo of Italy ordered an additional 100 Start FEED units, which cost 1,125 euros each.
Great Wall Builders also announced last week that it received a bank guarantee from Banca Nazionale del Lavoro SPA-Gruppo BNP Paribas, to the tune of 40 million euros. The bank guarantee will allow Great Wall Builders to manufacture and produce Start FEED units.
The company’s stock was heavily promoted as one of the top penny stocks to watch throughout May and June 2012. Many experts believe Great Wall Builders is poised for another huge rise. Will this prediction hold true? Keep watching this stock and find out.
Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. While reading this article one must assume that we may be compensated for posting this content on our website.