SEFE (SEFE) Lacks A Spark

While a large number of stock prices were on the rise today, SEFE (OTC: SEFE) felt no electricity during the trading period. The stock lost $0.035 on the day to finish at an even $0.25.

SEFE opened the day at $0.285, which eventually became the trading session high. Volume for the day stayed well below the three-month daily average of 3.5 million shares. For the day, 1.3 million shares of SEFE exchanged hands with one third of the volume trading during the session’s last hour and a half. After opening unchanged, the stock dropped towards the low of the day twenty minutes into the session. The stock spent most of the day moving sideways on little volume, and by the closing bell, the issue had moved almost a penny from its low on the day of $0.241.

This spring has seen the stock catapult to a fifty-two week high of $2.96, along with its volume roaring to over twenty million shares in one day. No sooner had the pinnacle been reached that the stock fell almost 50% in just a few days. A failed rally back to the top brought the sellers out in droves as the stock continued to slide to its present annual low point it hit today.

SEFE is an developmental company that was founded in 2004. The Boulder, Colorado based company is focused on developing renewable source of energy that naturally occurs in the atmosphere. SEFE plans to harness static electricity and make it usable for mining, manufacturing, construction, and utility companies.

The company claimed no revenues for 2011. No research analysts presently cover the stock.

On June 5th, CEO Don Johnson issued a letter to stockholders updating the company’s progress in developing a new energy technology named Harmony III. According to the letter, Harmony III utilizes the phenomena of atmospheric corona discharge by a proprietary collection process held in the air by a balloon. The ultimate result is a high voltage, low current power source. Johnson went on to say the company has filed for several patents over the last 90 days.

At the beginning of the year, the company moved from Scottsdale to Boulder where it could work more closely with University of Colorado’s Department of Electrical and Computing Engineering.

Other recent news and developments for SEFE include:

  • May 22nd: SEFE mentioned in a stockreads.com report.
  • May 16th: SEFE announces it is pursuing a relationship with the University of Colorado.
  • April 30th: CEO Don Johnson issues a statement on unusual trading activity. In the previous days, the stock plummeted nearly fifty percent from a high of $2.96. Johnson affirms to shareholders that the company continues to progress.

Though its technology may have few rivals, SEFE certainly faces a crowded field in green or alternative energy products that include solar and wind. Furthermore, dollars available for research and development could become more selective in the wake of failed government supported companies like Solyndra.

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Published by Alan Masterson

Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk. In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs. You may contact Alan via his email (alanmasterson@wallstreetpr.com) or his Google+ page (https://plus.google.com/103338576216002376250).

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