Something made Vision Industries Corp (OTC:VIIC) jump big time yesterday. However, neither news, nor promotions appear on the horizon.
The latest trading session saw a huge movement of VIIC stock. On the one hand, it gained a staggering 35% in value, ultimately closing at a five-week high of $0.23 per share. On the other hand, it made a much bigger impression in terms of volume. The latter spiked considerably with more than 360 thousand shares changing hands throughout the session. Thus, VIIC set a 3.5-month record, which is still far below the turnover of 940 thousand reached on Mar. 8.
The last time any VIIC-related news came up was exactly two weeks ago. Back then, VIIC revealed to the general public that its BoD had extended the contract of Martin Schuermann as President and CEO of the company for another three years.
VIIC claims to be providing electric/hydrogen hybrid powered vehicles, as well as turnkey hydrogen fuelling systems. The company has already created a proprietary electric/hydrogen hybrid drive system by combining the superior acceleration of a battery powered electric vehicle with the extended range hydrogen fuel cells offer.
As an OTCQB market player, VIIC is a registered SEC filer. Its newest 10-Q form dates from May 16 and covers the quarter ended Mar. 31, 2011. As of that date, VIIC’s balance sheet contains:
- $400K in cash;
- working capital surplus of $20 thousand;
- sales revenue of $206K;
- net loss in excess of $1.5 million.
