Methes Energies International Ltd. is a renewable energy company that offers a variety of products and services to biodiesel fuel producers. Methes also offers biodiesel processors that are unique, truly compact, fully automated state-of-the-art and continuous flow that can run on a wide variety of feedstocks. Methes markets and sells biodiesel fuel produced at its showcase production facility in Mississauga, Ontario, Canada and at its recently commissioned 13 MGY facility in Sombra, Ontario, to customers in the U.S. and Canada, as well as providing multiple biodiesel fuel solutions to its clientele. Among its services are selling feedstock to its network of biodiesel producers, selling their biodiesel production and providing clients with proprietary software to operate and control their processors. Methes also remotely monitors the quality and characteristics of its clients’ production, upgrades and repairs their processors and advises clients on adjusting their processes to use varying feedstock to improve the quality of their biodiesel.
Press release 12/09/2013: Methes Energies Signs Letter of Intent to Acquire the Assets of OTC Energy Technologies Inc
John Loewen, Vice President of Operations at Methes Energies said;
“We are first and foremost a technology company, and we are proud to be adding to our portfolio this way. We are excited about the opportunity to offer a smaller solution to people that don’t have the $100’s of millions typically associated which such projects. What we’ve seen at their small scale facility is truly amazing, and our goal is to quickly package and deploy turn-key solutions similar to our biodiesel processors. We look forward to the completion of this transaction which we expect will bring [highlight]substantial revenues and in turn create significant value for our shareholders.“[/highlight]
Paul Goodrow, President of OTC Energy Technologies Inc. continued;
“What attracted us to Methes was their proven ability to turn innovative process designs into working, efficient production plants. We believe that the OTC technology has the potential to be a low cost producer of renewable and alternative fuels. And we believe that smaller, modular plants and low costs are not mutually exclusive. We anticipate that our hydrocarbon fuels will be cost competitive with, and will prove to be an acceptable replacement for crude oil derived transportation fuels. We look forward to working with Methes to rollout what we think will be [highlight]a game changing business model.“[/highlight]
Stock information
|
Market Cap |
21.37M |
|
Float |
4.94M shares |
|
Average 3-months volume |
8,423 |
|
200-day SMA |
$2.88 |
On 12/09/2013 MEIL traded 104,248 shares, which 1200% the average 3 months volume. In the morning it spiked on the news but it couldn’t break the 200-day moving average of 2.88. When the volume faded intra-day the price hung around 2.70.
The next day, 12/10/2013 it spiked again in the morning, but this time the stock broke the 200-day moving average of 2.88 on strong volume. This was my buy-signal to get in, eventually got filled at 2.90. After reaching it’s high of the day just 30 minutes later at 3.35 it faded just like the day before as the volume decreased intraday. The total daily volume increased up to 137,521, which is 16x times the 3-months average volume.
[hr] The chart looks very strong on great news, it’s volume has increased massively and it broke the 200-day moving average.
The news starts to spread and is being picked up by traders. This thinly traded stock is gearing up to break out much more.[hr]
