TTEG continues bounce off 52 week low. News, long awaited, on completion of parts machining and casting before assembly of the 540 horesepower version of its innovative engine, has moved the pps from the low of .30 to the current spread of .45 - .50.
The pps still sits below the 50DMA of .57 and way off the 200DMA of 1.08.
More news starting next week could bring volume and expected capital influx.
Recovery to levels well over a buck is not impossible, and is expected by some. A plan for financing with a major stock offering at $1.50 is stated in an SEC document.
See turbinetruckengines.com.
The engine burns any petro or biofuel 30% more efficeintly than anything out there, with applications also for sure start power generation in the arctic (the engine uses no fluids and has few moving parts), and for ocean liner transport.
Buy and HOLD.
