OriginOil, Inc. (OOIL) has little problem keeping itself in the news cycle as witnessed by a flurry of recent press releases touting their EWS (Electro Water Separation) system, and the newly released Smart Algae Harvester.
Although the company’s technology is very interesting for green investors, OOIL financials aren’t. With sales of $166K in the last 12 months, $2.3 million of debt and $593K in cash, investors need to look forward quite a ways before tapping the buy button.
However, small cap day traders have enjoyed some nice swings over the last 6 months as OOIL stock has continued a slide from $0.24 to its current 52-week low of $0.08 a share. It also helps that OOIL has been a favorite for penny stock newsletters which undoubtedly has helped fuel volume in the last 10 months.
OriginOil, Inc. (OOIL) is definitely on the TKO radar as we continue to watch company financials. The technology offered by OriginOil, Inc. could quickly become a standard in the current green-crazed economy.