Market News: Solar3D (SLTD), Mass Hysteria Entertainment (MHYS), NQ Mobile (NQ)

Albany, New York (09/30/2014) – Solar3D Inc (OTCMKTS:SLTD) is a company that develops technology that boost the conversion of sunlight into electricity. You need that brief background to understand why the stock acquired wings to fly almost 22% Monday or why it is up nearly 690% this year. SLTD recently issued a press statement informing investors about President Obama’s recognition of Jackson Family Wines for their commitment to increasing onsite solar. The significance of that information lies in the fact that SLTD is part of a project aimed at providing 60% of Jackson Family’s electricity usage. That means good business opportunity. Furthermore, Solar3D Inc (OTCMKTS:SLTD) stands out a rare OTC penny stock. It is one of the few that have net income in their books. It reported a net income of $223,000 and revenue of $7.47 million in the most recent quarter. Its cash was registered as $1.22 million.

Mass Hysteria Entertainment Company Inc (OTCMKTS:MHYS) edged up 120% to $0.0011 Monday, amid abnormally high volume. There was no particular materially significant press release to support the big jump. However, it was not entirely surprising that MHYS achieved that triple-digit gain because it has been mostly a volatile stock in recent times. Even so, past press releases announced the company was into some deals that could potentially boost its revenue figures. However, MHYS’s most recent financial statement revealed $0 revenue, $454,000 net loss and $48,631 in cash and current assets. It is worth keeping a closer eye on the stock, especially given its volatility.

NQ Mobile Inc (ADR) (NYSE:NQ) shot up 10.58% to $7 Monday. However, the stock remains down more than 52% year-to-date. The company is under surveillance over accounting irregularity that saw 75% misrepresentation in revenue. The investigations are responsible for the volatility of the stock this year. Without a recent press release to explain it, the gains on the stock can be logically traced to the rumors that NQ was being target for acquisition by Bison Capital. It was cited that Bison could offer $9.80 per share for NQ Mobile Inc (ADR) (NYSE:NQ).

About the Author

Coper graduated from the University of Chicagi with majors in political science and journalism.

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