kimberlety on Wed, 19 Dec 2001 17:34:01 +0100 (CET)


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[Nettime-bold] Stockplay - Nu Electric Corporation


Title: STOCKPLAY - NU ELECTRIC CORPORATION
 
STOCKPLAY - NU ELECTRIC CORPORATION

Symbol: NRGE
Exchange: OTCBB
Recent Price: .65
2001 Price Range: .31 - 1.89
Shares Outstanding: 5.7 million
Estimated Float: 1.4 million

The last time Stockplay sent out a profile on Nu Electric was in May of this year. In a few days, the stock more then tripled, rising from .56 to 1.89. NRGE has now drifted back to the same price level that has proven to be an excellent support area many times over the years. Looking at the 3 year stock chart, (see below) we see that NRGE went from 50 cents to $2.00 in the spring of 1999, and went from under .50 to 2.75 a few months later, and then rallied a third time after our recent write-up.

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Meanwhile, the fundamental news has improved for the company. On October 31, the Environmental Protection Agency (EPA) announced that they would accept a new tougher arsenic standard for drinking water. Nu Electric's Clean Water Technologies division has licensed a patented process to remove arsenic that was developed at the University of South Florida (USF). This past Friday, NRGE announced that they had paid their first royalty check to USF to continue their relationship.

It is also positive that NRGE has a small number of outstanding shares, with a tiny float of only 1.4 million. The company has no debt, insiders own about 40%, and they are an SEC reporting company. In addition to the Clean Water buyout, (in 1999) they also acquired Zorax, Inc., which has a patent-pending technology developed at Johns Hopkins University to extract cryptosporidium and giardia from drinking water.

The stock market plunge that followed the September 11th trading halt brought prices down to their lows for the year. Now that the "weak hands" have dumped, look for a recovery among the lower priced stocks like NRGE.

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DISCLAIMER: This profile is not a solicitation to buy or sell, and this does not purport to be a complete analysis of the company mentioned. Nothing in this Newsletter should be construed as investment advice. Purchase of this stock may be considered speculative, and may result in the loss of some or all of any investment made. An affiliate of Nu Electric Corp. paid a fee of  ten thousand dollars to IMSC Inc. for the circulation of the Stockplay Newsletter. Affiliates of Nu Electric Corp may buy or sell shares at any time prior, during or after the dissemination of this report. Detailed information about NuElectric Corp. may be obtained on-line at various financial web sites. To read additional aspects of disclaimer: Click Here

 

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