Sefe (OTC: SEFE), a sustainability company focused on energy, gained another penny today after the company announced the success of a helicopter flight test on a ranch. The test was conducted to determine the ability to detect charge density in the earth’s atmosphere. The flight consisted of laps around the property, with the elevation increased for each lap. Data was recorded for each lap. The maximum elevation was just below the cloud ceiling, which was 2,100 feet above ground level.
On June 5, 2012, Sefe issued a letter to its stakeholders informing them of the company’s activities. The company has created a system, dubbed Harmony III, which uses atmospheric discharge. The earth’s natural electric field drives the discharge that produces energy in a high voltage and low current form.
Sefe, based in Boulder, Colorado, was founded in 2008. The company uses engineering and atmospheric electricity in innovative ways in order to solve the problem of clean energy delivery. Through the process of invention, testing and application, the company creates real-world applications that offer substance and profitability. The company received several patents this year related to energy conversion. The company is continuing to study energy collection and processes of gathering renewable energy from the atmosphere.
Sefe’s stock has risen $0.4, or 20%, so far this week. It has seen increases since July 30, 2012. After closing last night at $0.235, the stock opened at $0.26 this morning. It rose as high as $0.31 before closing at $0.25. This resulted in a $0.015, or 6.4%, gain over yesterday. However, Sefe still has a long way to go to exceed its 52-week high of $2.68, which was obtained on April 24, 2012. The price was fairly high throughout April 2012, with the price starting to dip in May 2012. The stock slipped to as low as a quarter on June 15, 2012, and rose up to $0.43.
Volume was almost double the daily average. More than 2.2 million shares were traded today, compared to the daily average of 1.34 million shares. Although this is an impressive number, volume was still a long way from the 52-week high of 22.6 million shares on April 25, 2012. Volume exceeded the one-million mark throughout April 2012 and most of May 2012 until volume dropped to six digits on May 21, 2012.
Sefe was consistently promoted in penny stock newsletters from March 2012 up until late June 2012. It had spikes in volume and price during this time. Sefe was considered of the biggest gainers in the small cap market today. It has made significant gains this week. However, the company’s stock price is still well below its 52-week high, and it still has a long way to go to reach new heights. Will Sefe continue its upward rhythm for the long-term or will lightning strike it down soon?