Lustros (OTC: LSLD) rallied $1.20 today, or 31.87% higher than its previous close. Volatility remains the main theme for this small cap stock.
The stock opened today’s trading at $1.20, higher than its prior closing price of $0.91, and the share price went up during the afternoon session. Lustros’ stock has been serving investors with volatile performance for the entire year of 2012. Despite today’s huge rally, shares of Lustros have declined 31.43% since New Year’s Day.
To better explain the fluctuations with Lustros’ stocks, here are its recent events for investors’ reference:
May 25, 2012
Change in Directors or Principal Officers
April 9, 2012
Following the acquisition of Bluestone S.A., Power-Save Energy Company announces a change of name to Lustros, Ltd. The Company agreed that the name change would more effectively promote the company profile.
March 12, 2012
“Power-Save Energy Company declares the resignation of senior employees” (U.S. Fed News)
March 1, 2012
Power-Save Energy Company confirms its intention to purchase Bluestone S.A., a Chilean corporation in the copper mining industry manufacturing food grade copper sulfate. The details of the acquisition are currently unknown.
Lustros, previously called Power-Save Energy Company, incorporated on July 30, 1980. The company manufactures, promotes and distributes renewable energy devices, all of which are designed to reduce the energy usage of the customer. Lustros supplies the residential and business markets and provides necessary shipping services to its business customers.
The company’s earliest device was the PS1200, designed for residential use. Devices PS3200 and PS3400 are primarily for the business customer. PS3200 and PS3400 accommodate the needs of a light commercial or industrial setting. Lutros provides their business customers with photovoltaic electricity systems, Power-Save solar and Power-Save Wind Turbine, which converts wind energy into electricity.
The company’s technology is designed to reduce the amount of watts drawn from the utility by using harmonic resistant capacitors. The capacitors store waste energy transmitted from the inductive load.
While the volatility of Lustros is disheartening, investors may not find it easy to get optimistic with its respectable rally today. We’ll just have to wake up tomorrow and watch what’s next.
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