QTWW Gains on Dismal Fossil Fuel Performance
Quantum Fuel Systems Technologies Worldwide Inc. (QTWW) gained nearly 17% Monday by the time after-hours trading concluded on more than 4 million shares traded.Although QTWW remains a concept company in my mind with roughly $3M in revenues and a bottom line of ($47m) as of its last quarterly filing, the company is surely building a very diverse portfolio of alternative energy investments.
Daily volume increased more than 400% Monday over last Friday and QTWW likely attracted some attention from investors fed up with failing oil and gas stocks. We saw a recent high of $1.72 on Monday and the stock could test $2.00 on Tuesday if it can bounce back towards $1.70 after giving back nearly half of its gains in after hours trading.
Labels: QTWW, Quantum Technologies
posted by "Staff" at
8:48 PM
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