SEFE (OTC: SEFE), a developmental company in the area of alternative energy, released news yesterday afternoon about the successful testing of a monitor that measures the density of static electricity in the air. The news sparked the interest of buyers today as they propelled the stock to a 6% gain. A flood of buy orders in the first half-hour of trading sent the stock to $0.31, which happened to be the high for the day, or nearly eight cents higher than where shares of SEFE closed yesterday. After the initial excitement died down, the stock came under pressure and hit an intraday low of $0.235 before finishing the trading session up a penny and a half at $0.25. The day’s volume in excess of 2.2 million dwarfed the 339,000 shares that trade on an average day.
Since the stock began actively trading at the beginning of March, share prices have risen and plummeted like a stomach-wrenching ride at Six Flags. Towards the end of April, with volume increasing every day, the stock hurriedly climbed from below a dollar per share to its high on the year at $2.96. The high trade occurred when over 20 million shares exchanged hands on that particular day. The stock has been declining ever since, and traded at a low print of $0.201 a little over a month ago. With volume looking to be on the rebound, traders will wait to see if share prices follow suit.
SEFE focuses on the development and the marketing of alternative energy sources that occur naturally in the atmosphere. The company looks to create technologies that capture static electricity and then convert it into useable energy. Potential markets for SEFE would be companies engaged in utilities, mining, and construction. Though not specific to SEFE technology, the company faces a crowded field in the area for alternative and sustainable energy development.
On April 9, 2012, the company received a patent on its “Dynamic Electrical Converter System”. The device collects and converts static electricity into useable energy.
A total of 142 stock promotions for SEFE can be read on Stockpromoters.com. The most recent promotion was a month ago. The most recent newsletter activity found on Stockreads.com came in the last week of May.
Out of the many alternative energy companies popping up on the radar, traders must discern the players from the pretenders. The question in the coming days and weeks is on what side of the fence will SEFE fall?
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