| STOCKPLAY
- NU ELECTRIC CORPORATION
Symbol: NRGE
Exchange: OTCBB
Recent Price: .65
2001 Price Range: .31 - 1.89
Shares Outstanding: 5.7 million
Estimated Float: 1.4 million
The last time
Stockplay sent out a profile on Nu Electric was in May of this year. In a
few days, the stock more then tripled, rising from .56 to 1.89. NRGE has
now drifted back to the same price level that has proven to be an
excellent support area many times over the years. Looking at the 3 year
stock chart, (see below) we see that NRGE went from 50 cents to $2.00 in
the spring of 1999, and went from under .50 to 2.75 a few months later,
and then rallied a third time after our recent write-up.
To review
chart:
Click Here
Meanwhile, the
fundamental news has improved for the company. On October 31, the
Environmental Protection Agency (EPA) announced that they would accept a
new tougher arsenic standard for drinking water. Nu Electric's Clean Water
Technologies division has licensed a patented process to remove arsenic
that was developed at the University of South Florida (USF). This past
Friday, NRGE announced that they had paid their first royalty check to USF
to continue their relationship.
It is also positive
that NRGE has a small number of outstanding shares, with a tiny float of
only 1.4 million. The company has
no debt, insiders own about 40%, and they are an SEC reporting
company. In addition to the Clean Water buyout, (in 1999) they also
acquired Zorax, Inc., which has a patent-pending technology developed at
Johns Hopkins University to extract cryptosporidium and giardia from
drinking water.
The stock market plunge that followed the September 11th
trading halt brought prices down to their lows for the year. Now that the
"weak hands" have dumped, look for a recovery among the lower priced
stocks like NRGE.
To subscribe to
future communication:
Click Here
To unsubscribe from future communication:
Click Here
DISCLAIMER:
This profile is not a solicitation to buy or sell, and this does not
purport to be a complete analysis of the company mentioned. Nothing in
this Newsletter should be construed as investment advice. Purchase of this
stock may be considered speculative, and may result in the loss of some or
all of any investment made. An affiliate of Nu Electric Corp. paid a fee
of ten thousand dollars to IMSC Inc. for the circulation of the
Stockplay Newsletter. Affiliates of Nu Electric Corp may buy or sell
shares at any time prior, during or after the dissemination of this
report. Detailed information about NuElectric Corp. may be obtained
on-line at various financial web sites. To read additional aspects of
disclaimer:
Click Here
|