Published On: Wed, Aug 21st, 2013

Trading Report For US Energy Initiatives Corp Inc. (OTCMKTS:USEI) – 08/21/2013

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Shares of US Energy Initiatives Corp Inc. (OTCMKTS:USEI) continue to stay at their flat trend in prices at the level of less than $0.002 per share for long. The stock had plunged to this bottom level of prices early in July 2013 and had struggled to move off from this trough for the past two months of trading. However, in the recent days the penny stock had been attracting high volume of investors to its shares to report an average trading volume at 2.29 million shares per day. It further appears that the stock might move on for a rapid surge in prices in the near future.

As could be observed from the price charts, the shares of US Energy Initiatives Corp Inc. (OTCMKTS:USEI) had been continuously declining in prices since it touched its peak at $0.03 per share early in August 2012. However, there had been heavy corrections in between this declining trend in prices which had proved effective for the investors to cash in their returns in the short term. The stock had continuously declined to move to its bottoms at $0.003 per share by the end of December 2012. However, with the break of the new calendar year, the penny stock had made a marginal recovery in this declining trend in prices.

Further recently in June 2013, the stock of US Energy Initiatives Corp Inc. (OTCMKTS:USEI) had moved on to touch as high as $0.01 per share. Except for such few recoveries made by this penny stock in the past six months of trading, there had not been any change in the bearish trend which had incurred losses of 90.5% on the shares for the past 52 weeks of trading. Investors may exercise caution on this penny stock without getting carried away by the recent surge in prices.

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