The last time when Sauer Energy Inc(OTC:SENY) stock gravitated in similar price levels was a year ago. Last July was the time when Sauer saw its stock almost triple in value in a matter of days. What is more, two months later, it was trading above $1.5 per share. Yet, it was that time when a steady stock price decline began, that continues to present times.
In fact, even the artificially fueled trading frenzy a few months ago could not push back the stock to its lost 2010 positions. Nowadays, there are no expensive promotions, no press releases. There is no immediate catalysts, apart from discussions on the Internet, and vivid activity is no longer seen there, either. Yet, currently, a period of slight stock price increase is observed on the stock market. Yesterday, this positive movement continued with a little over 220k shares exchanging hands. Yet, the real question at hand remains – what is the true value of this company.
On one hand, this is a renewable energy-oriented enterprise. There are ideas at hand, and it is the question of whether they are feasible and profitable. So far, the balance sheet is not much of a source for optimism. One example is the latest 10-Q with an end date Feb, 28th this year. Among other data, it includes:
- $731 in cash; [BANNER]
- $3.9k in total current assets;
- $157k in total current liabilities;
- $1 million in accumulated deficit;
- no revenues;
- $167k in net loss;
Another development stage enterprise. Indeed, a month ago, Sauer CEO announced that the company is entering the manufacturing stage with the goal to be in production by the end of the third quarter of the year. Yet, it is more or less uncertainty that still surrounds this enterprise.