The stock of SEFE (OTC: SEFE) rallied for a second consecutive day after yesterday’s successful flight test report. SEFE finished today’s trading session up 6.4% in share price compared to its previous close.
SEFE had a strong start to the day, opening at a share price of $0.26 and quickly surging to an intraday high of $0.31. SEFE ran out of fuel and declined for the rest of the day, but still posted a gain of 6.4%, closing at a share price of $0.25. Volume of SEFE outpaced the rally of the stock, soaring to a total of 2.27 million shares.
Yesterday, August 1, 2012, SEFE, a sustainability company engaged in offering innovative, pioneering solutions for the world’s energy needs, announced the completion of a helicopter flight test conducted on a ranch owned by Lead Scientist Ryan Coulson’s family. Broken into three separate lifts, the test demonstrated the ability of the company’s detector to measure charge density in the earth’s atmosphere.
Despite the company’s positive flight test news, the volume surge of SEFE could be explained by the massive amount of promotion it has received. Huge numbers of newsletters have promoted SEFE according to the 142 results found on stockpromoters.com. For example, Stock Appeal promoted SEFE and was compensated $25,000 on June 6, 2012. On Twitter, @pennystock24 mentioned that 24/7 Stockalert , Pennystock Explosion, and a few others, promoted SEFE today.
SEFE has not issued many press releases in recent months. Some headlines worth mentioning that involve SEFE include:
- June 5, 2012: SEFE issued a letter to its shareholders and the investment community on the status of the company’s technological developments and operational changes.
- May 20, 2012: MissionIR announced an exclusive interview featuring SEFE’s Chief Executive Officer Don Johnson. The complete interview can be heard here.
SEFE was formerly known as Midnight Candle Company. The company was incorporated on September 24, 2004. On July 16, 2010, the company acquired SEFE.
SEFE is a development-stage company focused on developing and bringing to market a renewable source of energy, which occurs in the atmosphere. SEFE’s energy production methodologies and technologies are un-intrusive to existing communities, are adoptable, provide output and leave a small carbon footprint.
The SEFE system is designed to operate by capturing static electricity from the atmosphere and making it usable for utility companies, mining, construction, or other site-specific industrial concerns, and relief organizations.