SaVi Media Group, Inc. (PINK:SVMI) shares are showing very unusual move on Friday with the stock gaining 38.57% to $0.0135 with more than 638K shares traded hands, compared to its average volume of 517K shares.
Today’s rally was driven without news. The last press release issued by the company on Oct. 27, 2011, stating the launch of ‘Next Generation’ DynoValve® Plug and Play to Be Unveiled at SEMA, Nov. 1-4 That Lowers Fuel Costs.
The company had no revenue as of date with a cash balance of $5.98K.
The company had total outstanding shares of 2.22 billion, of which 2.19 million shares are floating. The company has market capitalization of $14.11 million.
SaviCorp (savicorp.com) is an innovative automotive technology company that licenses, manufactures, distributes, and services an array of patented technologies and products that reduce harmful emissions and improve fuel efficiency.
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