Congratulations to all of you who hold shares of Seychelle Environmental Technologies, Inc. (PINK:SYEV). Given what SYEV did yesterday without notice, you might be in for huge gains today, unless it is too late.
Earlier this month, a Californian business journal named SYEV as ‘the fastest growing public company in Orange County for the last two years’. As pompous as it could be, this announcement had limited impact on the market value of SYEV stock as it only gained less than 3% in the subsequent session. Ironically enough, SYEV made a real breakthrough exactly when there were absolutely no indications of such a scenario.
Surging by more than 30%, SYEV made what turned out to be its best performance on the stock market for quite a while. Closing at $0.56 per share, SYEV hit a new 52-week high. Moreover, shifting in excess of 347 thousand shares, the company registered its second highest turnover for the last 12 months.
While the company’s financials have shown definite signs of sustainable improvement on a quarterly basis, investors’ reaction has hardly been as enthusiastic. As a matter of fact, when SYEV published its latest 10-Q on Oct. 14, it only gained about 8%, although the report contained some really favourable figures, namely:
- cash reserves in excess of $1.6 million, which increase for a fourth quarter in a row;
- working capital surplus of $2 million;
- $1.5 million in revenue, or 110% improvement on an annual basis;
- net income of $337 thousand.
Based on the numbers mentioned above, SYEV appears to be doing fine in managing its business operations. If the upward financial trend continues, it will definitely have a direct impact on the charts.
