During the last trading session the share price of Solar3D, Inc. (OTC:SLTD) stock dropped again far below the moving averages on descending interest from traders. Today, the company issued another press release and the stock price climbed up again at market open.
Yesterday, SLTD closed the session with a 21.43% loss in value at $0.055 per share. The trading volume amounted around 153,000 traded shares, which is more than twice the average for the last three months but is still lower than the volume traded the previous day.
At the beginning of the month, the chart of SLTD looked like it would form a bullish pattern, the subsequent action showed, however, that the signal was probably false. Today, the session starts with a 27% increase in SLTD share price, but as that seems again driven by a new press release from the company the trading interest may again expire too quickly.
A few hours ago, SLTD said that it would conduct a study of the benefits of integrated Solar3D cells directly into roof tiles. Previously, in the beginning of the month the company claimed in another PR its solar technology to produce electricity would allow substantial cost reductions.
Regardless of that PR activity, however, the company’s report still show that SLTD has little operational activity, no revenue and almost no cash as of end-September last year.