Laidlaw Energy still has the red STOP No Information status on the OTC market, but its stock is attracting traders over the past months. LLEG has managed to sustain the higher price channel since the end of September. Yesterday, the stock delivered again a nice 17.24% profit and closed the day at $0.0068, hitting a new 52-week high during the session and recording above the average trading volume of 68.8 million shares.
The company has never published any financial reports or announced any financial results, which looks very strange for a company that claims on its website to be working on several major renewable energy projects throughout the USA. Though the lack of any reliable information, traders seem patient. Or maybe they expect the start of the paid promoting.
At the end of October, LLEG said to have engaged a firm to help them for the preparation of the needed annual and quarter reports in connection with the company’s intentions to register its shares with the SEC and become a fully reporting company. This is obviously not a fact yet. A month before that, the previous press announcement said that Laidlaw has received approval to construct and operate a 70 megawatt plant, subject to a number of conditions and additional agreements.
No further information has been provided since then, but the stable appreciation of LLEG share price signals that the company has managed to convince the market of the existence of its business and traders maybe actually expects to see some officially reported material information.
