CERP up Friday 8%, Monday 24%, today 47% Biodegradable Plastic Maker on fire!
Not sure if this is already on your radar of not so I thought I might share it with you. 52 week high $1.25 just two years ago was trading around $5.00 then after two customers defaulted on payments owed to the company things looked bad for CERP and the stock tanked. Currently shares are trading for just pennies on the dollar but going up everyday. The current debt holders agreed to a waver to give the company time to make a come back. Making a come back they are in the last 4 weeks alone they have announced around one million in new sales, and the CEO stated today they are on track to make the same numbers they made in 2011 around 21 million. They also announced plans to open a new plant in Europe. With global sales in Asia, Europe, and North America you might at the very least want to add CERP to your watch list!