Currently, the stock of Universal Energy Corporation (UVSE.PK) is stuck at the price of $0.0002. Is here anyone from backing of the company? Is anyone interested in the company at all?
If you don’t know anything about UVSE, I can tell you some basic facts about it. Founded in 2002, Universal Energy Corporation acquires and develops crude oil and natural gas leases in the United States and Canada.
As indicated in the company’s annual report, current assets constitute $403,000, while liabilities exceed 3 million dollars. Although operating loss has decreased by 42% but UVSE is losing money rather than earning them.
It shouldn’t also be forgotten that Universal Energy has just paid $8,000 to OTC Picks. Will this stock promotion be able to move the stock of UVSE from the dead-point? In my opinion, the $0.0002 price is going to be heavily rousted.