29.1 F
New York
Saturday, January 23, 2021

Wild Ups and Downs for Eco Science Solutions Inc (OTCMKTS:ESSI)

Must read

American Battery Metals Corp (OTCMKTS:ABML) Hitting Key Milestones

Over the course of the past week, American Battery Metals Corp (OTCMKTS:ABML) has been in focus among investors after the company announced...

American Green Inc (OTCMKTS:ERBB) Stock Gains Momentum on Amazon News

One of the more interesting operators in the cannabis space in 2020 is American Green Inc (OTCMKTS:ERBB), and this week, the company...

DSG Global Inc (OTCMKTS:DSGT) Hits Multi-Month High On Sudden Optimism

DSG Global Inc (OTCMKTS:DSGT) has been in the news over the past week or so after the company placed large orders through...

AppYea Inc (OTCMKTS:APYP) Stock Gains Momentum on High Volume

Over the past couple of weeks, many stocks in the over-the-counter market have recorded considerable gains and one of the notable ones...

Eco Science Solutions Inc (OTCMKTS:ESSI) is a micro-cap name we have come to think of as a short squeeze candidate without a whole lot more to show for itself except, at times, some too-strong behavior on the chart. In its emblematic manner – ie, with no new news or information – the stock has gone wild both on the upside and the downside in the last couple weeks. And, as usual, it’s nearly impossible to make heads or tails of the action. Since we last covered the name, the stock has moved -17.9% to the downside as the short squeeze appears to have run out of steam.

The company’s principal claims to fame are its Herbo and Herbo Wallet app offerings. Very little else that we have looked into appears to be of value or seems even to be a serious effort. But the Herbo offerings may have a chance of hitting some form of paydirt, particularly in California. Herbo is a mapping app with every location selling anything that has anything to do with weed or paraphernalia or vaping or anything vaguely even tangential to the discerning stoner’s needs at a given time. It’s nicely color-coded and clearly useful. In addition, Eco Science Solutions Inc has a version of the Herbo app called the Herbo Gift Card Wallet.

Eco Science Solutions Inc (OTCMKTS:ESSI) is “a technology-focused company that provides solutions for the health and wellness industry. From enterprise software solutions, entertaining and useful content generation for mass distribution to consumer apps for daily use, the Company develops technical solutions that empower enthusiasts in their pursuit and enjoyment of building eco-friendly businesses and living healthy lifestyles.

Eco Science’s core services span business location, localized communications between consumers and business operators, social networking, educational content, e-commerce, and delivery.

The Company’s licensed e-commerce platform enables health-and-wellness enthusiasts to easily locate, access, and connect with health-and-wellness businesses and like-minded enthusiasts, and to facilitate the research of and purchasing of eco-friendly products … anytime, anywhere.”

Find out when $ESSI stock reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Last time we covered the stock, we pointed out that the company’s main avenue to success is one that could be easily exploited by competitors if it seemed to be gaining traction. With California now legalizing pot on a recreational basis, there will be a lot of money to be made playing a part in that market. And Silicon Valley is right on the doorstep. To the extent that app-based solutions provide value, that is very difficult to protect on an IP basis, meaning the door is always open.

We know there was a major and aggressive promotional campaign from Money Street that claimed to have a “weekly advertising budget ranging from approximately $25,000 to $150,000 to cover the costs associated with creating, publishing and distribution of advertisements.” The attached message on ESSI was “The Next Big Stock For 2016.” However, we don’t know if that is still active.

Recent action has seen 32% during the past month in terms of shareholder gains in the company. Market participants may want to pay attention to this stock. ESSI is a stock whose past is littered with sudden rips. What’s more, the name has benefitted from a jump in recent trading volume to the tune of a bit over 190% over the long run average. It pays to take note of this fact with a float in play that’s relatively small — less than 11M shares. It’s something the veterans know to key on: with such a tight trading float, this kind of ramping interest can force a supply-shock squeeze.

Currently trading at a market capitalization of $72M, ESSI has an extremely small store of cash on the books, which compares with an appreciable load ($713.75k) of total accumulated debt. ESSI pre-revenue at present and sitting on a difficult balance sheet. But there may be more going on here than meets the eye. It’s always difficult to tell when a company puts out so little press. You can bet we will update this one again as new information comes into view. For continuing coverage on shares of $ESSI stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

Latest article

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Attempts To Rebound On Bullish Note

While the remarkable rally in Bitcoin has led to breathless speculation about its long term price, the recent rally in Grayscale Ethereum...

Sunhydrogen Inc (OTCMKTS:HYSR) Continues to Trend Higher on High Demand

One of the sectors to have come into significant focus among investors in recent times is the hydrogen...

Artificial Intelligence Technology Solutions (OTCMKTS: AITX) Moves Up Quickly On Solid Volume

The artificial intelligence industry has grown at a remarkable pace over the past half a decade or so and over the coming...

Signal Advance Inc (OTCMKTS:SIGL) Makes a Big Move, Again.

Speculation and confusion can often lead to strange occurrences on the stock markets and that is what happened...

Ozop Energy Solutions Inc (OTCMKTS:OZSC) Remains Volatile: Stock in Focus

Those who are looking to discover stocks that may have made big moves over the course of the past week could consider...