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<\/p>\ntags: SENR <\/p>\n
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During yesterday’s session investors shifted half a million of Strategic Environmental & Energy Res Inc (OTCMKTS:SENR<\/a>)’s shares. For a company that barely sees any trading at all and has a monthly average of a little over 18 thousand shares the increase in volume was staggering. In fact, this is the biggest daily trade volume registered by SENR<\/a> <\/strong>for over a year and a half. The heightened buying pushed the stock nearly 15.4% up the chart to a close at 75 cents per share.<\/p>\n No matter how positive the outcome of the session may have been investors shouldn’t ignore the fact that there is nothing immediately obvious that could explain it. SENR<\/a> <\/strong>haven’t issued a new PR in months while the latest SEC filing that came on June 1 was about the decision of the Executive Vice President of the company to resign in order to “pursue personal aspirations and focus on family”.<\/p>\n The continued lack of interest towards SENR<\/a> <\/strong>doesn’t mean that the company is in a terrible state. On the contrary, it appears that SENR<\/a>, <\/strong>unlike a considerable amount of the other pennystock ventures, is not only a real company with real operations but it is also reporting some rather impressive results. The quarterly report covering the first three months of the year contained the following financials:<\/p>\n • $662 thousand cash As we said, there aren’t that many pennystock companies that can generate over $3 million in revenues in just a quarter. Not to mention that although the net income of around $47 thousand is far from being mind-blowing it still means that SENR<\/a> <\/strong>finished the quarter with a positive bottom line.<\/p>\n The problem, however, is that on a year-over-year basis the reported revenues have remained virtually the same with the company offsetting a $317 thousand decrease in product revenue with a $290 thousand increase in services and $50 thousand increase in solid waste revenue. Back in May SENR<\/a> <\/strong>secured a purchase order for one of their systems to be deployed in a landfill and gas recovery project in Southeast Michigan. The project is expected to become operational by the fall of 2016.<\/p>\n
• $3.07 million total current assets
• $6.8 million total current liabilities
• $3.5 million total revenue
• $46,800 net income<\/p>\n