Shares of SAUER ENERGY INC (OTC:SENY) are showing very unusual volume in today’s session with slight increase in the stock price following the stock was promoted stating the company’s positive news announced this morning.
This morning, the company said that it has seen improvement in performance of the WindCharger(TM), following wind tunnel testing. After multiple-day testing, the company to conclusion that its tip speed efficiency came at 76% at 10 mph wind speed.
The benefit of these tests has solidified the production planning and manufacture of future models. Surpassing the expectations, this success results in technology confirmed.
Also, following news, the stock was promoted by multiple promoters before the market.
Shares of SENY are now up 7.82% to $0.51 on over 602K shares – over 3.5X its 30-day average volume. The stock had been moving within a narrow range of over the past couple of months in absence of news after hitting a new 52-week low of $0.35 late July.
So far this year, the stock is still down about 55%. It has a 52-week range of $0.35-$1.30. The company has market capitalizations of $36.06 million.
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