Save the World Air, Inc. (OTC:ZERO) surged significantly on Mar. 7 when the company announced a letter of intent with LG Partners for the incorporation of technology in the plans for a proposed pipeline.
Yesterday ZERO issued another press release which resulted in a close up 18.52% at $0.64 on approximately 556 thousand shares.
The company said that through meetings with members of the Chinese oil pipeline industry ZERO’s Project Team has managed to advance the commercialization of its technology in China.
Traders seem happy with the news, although it’s not anything definitive and so far ZERO hasn’t managed to generate any revenue, but it recorded $2.2 million net loss for the quarter ended Sept. 30 alone.
So far today, ZERO is up another 3.13% at $0.66. That puts the market cap at about $72 million. It’s up to investors to decide whether this is a fair valuation considering the circumstances.
