Ascent Solar Technologies, Inc. (OTCMKTS:ASTI)
Closed Up 42.86% With Over 1 Billion In Trading Volume!
There can be no doubt that today's run on Ascent Solar Technologies, Inc. (OTCMKTS:ASTI) proved to be the mover of the day, closing up 42.86% on over 1 billion shares traded. Today's big move came after a special announcement released by the company, stating that world renowned scientist Dr. Miguel Contreras, has been taken on board as the head of Process Engineering. Dr. Contreras was formerly a Senior Scientist at the National Renewable Energy Laboratory (NREL). He has produced several world record energy conversion efficiencies and holds 7 U.S. Patents in the field.
Traders clearly took up special notice of today's news, considering that heavy trading today but we still suggest that everyone operate with extreme caution moving forward with this one. The Authorized share count here, is one of the highest we have ever seen, standing at 20 billion shares, while the outstanding share count sits well above 5 billion as of May of this year. We often stress the importance of well managed share structures when looking into investment plays but this is a case of a share structure that has gotten a bit out of control. With so many shares out, it takes a lot of buying pressure to move this one to the upside, so if you begin to see volume dying down, things could get very choppy from here on, so be sure to watch the activity on this one closely, if you are in it or looking to take up a position.
While the activity on this company has been interesting to say the least, we want you to keep in mind that we will be releasing some new alerts on big new penny stock picks, that we expect to perform remarkably well. We release our best picks to our Platinum Members before anyone else, so if you would lie to get the early word on these major announcements, you should BECOME A PLATINUM MEMBER. This is the best way to ensure that you are getting the very best that our platform has to offer and with so many picks being on the way, early access can make a world of difference.
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