Clean Coal Technologies, Inc. (PINK:CCTC) closed the last trading session with jump in the share price and huge trading volume. Shortly before the market closed, the company field its latest quarter report, though the report itself is unlikely to have been the reason for the jump. 
CCTC stock price jumped up early in the morning yesterday and then closed the session 23.39% higher at $0.0364, Trading volume was 9.1 million shares, which is seven times higher than the daily average for the past 3 months and at the same time a six months record. The latest closing price of CCTC is also the highest for the past half a year, which had formed a chart pattern that could attract more traders today.
It was probably the expectation of the financial report that drove CCTC share price up this month, yet it was filed one and a half hour before market close yesterday and it is yet to see if there will be any further reaction today. The report itself does not show that the company has made any progress in the last quarter.
According to the 10-Q, CCTC still owns a patented technology to transform low-rank coal into a cleaner and more efficient fuel, though still no project has been started that could finally lead to some revenue and the company still has very limited financial resources to pursue its business plan. CCTC states only that it had signed a consulting agreement with a person named S.K. Grover who is supposed to help the company in identifying and contacting potential partners for projects that could deploy CCTC technology in India, Indonesia and the Philippines.
The new consultant will be paid in restricted shares of common stock, which would only dilute CCTC shareholders if no successful contracts are signed, and the company also has outstanding convertible debts that could cause more dilution. That makes the current market cap of $20 million look too high for the huge uncertainty of CCTC future.
