Net Savings Link, Inc. (OTC:NSAV) has headed straight for a consistent run on the charts. At least, this is the first impression you get when you take a look at the chart showing NSAV’s recent market performance.
Powered by a brand-new and enhanced savings website, which was launched yesterday, NSAV closed the latest trading session at $0.079, up 34% from its previous close. Thus, NSAV scored its eighth gain out of the last ten sessions and highest close since late-August. What is more, shifting a volume of more than 660 thousand, NSAV marked a three-fold improvement over its 30-day average trading volume of 215K.
Established in 2007, Net Savings Link, Inc. is a development stage company specialized in providing discount offers and savings opportunities for the mass consumer market of individuals and families. This is achieved via the company’s website which, according to NSAV’s management, will give families the opportunity ‘to save thousands on the items they buy everyday without changing where they shop or what they buy.’
As seen on NSAV’s 10-Q report covering the quarter ended Aug. 31, 2011, the company’s financial condition is determined by:
- cash reserves of $473K as opposed to $21K a/o Nov. 30, 2010;
- net working capital of $310K vs. a deficit of $157K in Nov. 30, 2010;
- net quarterly loss of $315K in comparison with a net loss of $111K incurred in the quarter ended Nov. 30, 2010.
Provided that NSAV succeeds in going in the black as far as its net quarterly results are concerned, its market value will definitely be in for a major chart ride. The sooner such a scenario takes place, the better.
