EESTech, Inc. (OTCMKTS:EESH) has hit a new 52-week high climbing to a close of $0.15. The stock price locked in gains of over 35% in today’s trading session. The share price has surged from its 52-week low of $0.03 for a gain of over 400%.
EESH climbed on heavy volume today with over 135,000 shares trading versus its daily average of only 13,000. This is almost 10 times its average daily volume which tells us something is going on under the hood of EESH. The details are relatively vague given that the company has not updated its financials since late 2013. EESH is not current or up-to-date with its SEC filings.
This means, that there is likely more to this story and developments will be unfolding soon. It would not be surprising to see an announcement or development by the senior management team. In order to boost credibility, the CEO needs to speak up. EESH operates out of Chino Valley in Arizona. The management team is very small and the company seems to only have one employee.
There are huge market drivers in the industry that EESH operates in which includes but not limited to legacy of the world’s mining industry is the abundance of mine and process waste, with most being classified as hazardous and a significant capital and environmental liability. EESH’s unique approach to remediation and reclamation provides a solution to this industry challenge, generating a broad range of commercial opportunities for EESH. Granting EESH the rights to mine and process waste for the recovery of salable resources, transforms a financial and environmental liability into a valuable resource asset. EESH waste management solutions will have enormous world wide implications for the future of sustainable mining. EESH is able to capitalize on its “first mover” status, using this market advantage to secure process rights to many of the resource industries mine and process waste facilities.
EESH is delivers products and services that are economically and environmentally sustainable for the industry by addressing the challenges of climate change. Its products include JetWater System (JWS), Hybrid Coal Gas Turbine (HCGT), Waste Resource Agglomeration Module (WRAM), Blue Drop Water, Delta-E and Exothermic Pyrotechnic Composition (EPC). Its Jetwater System is an evaporation-based water treatment and purification technology. The Hybrid Coal Gas Turbine is a waste to energy platform that uses waste coal, coalmine ventilated methane, biomass or a combination of waste combustibles as fuel for the generation of electrical energy. Its WRAM delivers a process that makes use of discard dumps and saturated waste fines found in the mining operations and agglomerates them into upgraded products.
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EESH is currently trading at a $13 million market valuation. EESH has surged to a new 52-week high advancing significantly today on heavy volume. The stock has been climbing and staging a massive rally since rebounding off its 52-week lows. Stay tuned for more developments.
We will be updating on EESH when more details emerge so make sure you are subscribed to Microcapspot so you know what’s going on with EESH.
Disclosure: we hold no position in EESH either long or short and we have not been compensated for this article.