Dallas, Texas 11/15/2013 (Financialstrend) – Global Earth Energy Inc (OTCMKTS:GLER) has a market cap of less than $1 million. This penny stock has hit rock bottom in the past week and has been there over the past 52 weeks. Readers should note that the stock’s 52 week high valuation has been $0.01 per share. During trading yesterday, the firm’s stock lost close to 17% of its valuation to settle at $0.0019.
Global Earth Energy Inc (OTCMKTS:GLER) is a boutique firm which is into the designing and manufacture of new technologies which will enable to produce energy in a green and sustainable manner. The firm has been engaged in setting up and operating a biodiesel plant which is capable of producing one million gallons of oil per year. It is also engaged in exploring the possibility of expanding its operations to generate energy by using solar technologies and also the huge potential of wind mill farms. The firm also is attempting to grow its consulting arm which is focused on providing planning and implementation knowledge to its clients in the clean energy sector. In this practice, the firm tries to build turnkey plans which will help its customers identify potential alternate energy compatible sites and set up generation plants.
Future Growth Prospects
In spite of its relatively small size, the firm announced couple of months back that it has bought a 20% stake in the machines and equipment manufacturer Hawk Manufacturing. The stake purchase has been explained as a strategy the company is adopting to increase its scope of service offerings. With its own assured supply of equipment the firm believes that it will be better placed to deliver its turn key projects on time at price points which will help the firm turn over profits in the near future.