BioSolar, Inc. (OTC:BSRC) share price fell on Tuesday for a second time to the 52-week low and the company’s financial reports still show almost no operational activity. Today, BSRC has announced a new sales agreement which could raise both the share price and the trading volume of the stock during the new session. 
Yesterday, BSRC closed again at $1.08 for a share with no change from the previous close. Since the company conducted a 30 for 1 reverse stock split last year, the trading interest towards the stock has substantially declined and the last trading session closed with a remarkable volume of 476 traded shares for the day.
BSRC probably appears too expensive for trading as it keeps its share price above $1. The market cap is now $5.9 million on the company, but even that value looks too high as BSRC has not realized any revenues yet and as it had only around $100,000 in tangible assets at the end of last September.
There is some chance for an increase in BSRC share value today as the company has announced news earlier today. According to a press release, BioSolar has entered into a sales agreement with Tomark Industries who will now act as an agent for the distribution of BioBlacksheet.
Unfortunately, the announcement does not say when first sales should be expected, and to what terms the contract has been signed. There is also no 8-K filing yet to confirm that significant material event.
