Sauer Energy, Inc. (OTC:SENY) is in for a huge promotional run today in case you are interested in taking the risk.
Shortly after the end of yesterday’s session, we received a bombastic promotional email on SENY stock stating that it was just ‘about to go ballistic.’ The total cost of the one-off campaign came in at $65 thousand.
Yesterday, SENY closed trade at $0.41, up 2.50% from its Monday close. As far as the trading volume is concerned, a total of 465 thousand shares of common SENY stock changed hands, or 10% higher than the average daily trading volume.
The paid promotion comes at a moment where there seems to be no clear indicators for a prospective positive trend. On the contrary, SENY has more or less been on a downtrend for two weeks already after the MA(50) went below the MA(200) line in the middle of the month. In addition, the RSI currently resides at the 50 level, which implies that SENY stock is neither overbought, nor oversold, at least for the time being.
Established in 2008, Sauer Energy, Inc. is a development stage company specializing in the development of vertical axis wind turbines (VAWT) suitable for industrial applications, oil rigs and offshore platforms, etc. At present, the company seems to have enough cash to cover its short-term debt. As of Nov. 30, 2011, it has a D/E ratio of 0.09, which is based on the lack of long-term debt. At the same time, however, the company has not generated any income yet and has been incurring losses since inception. Whatever turbines SENY might be working on right now, it does not seem to have anything final to release on the real market.
