The only pink sheet of our four focus stocks today, Sympowerco Corp. (SYMW) posted some pretty big news after the market closed on Tuesday. It's partner in the fuel cell business - Hybrid Energy Technologies Inc. - has confirmed that it can successfully and profitably mass produce batteries using Sympowerco's battery design and specs.
In other words, there's a viable reason for the co-venture to proceed to the production stage. Together, the two companies will manufacture flat-plate batteries to be used in hybrid power systems.
As for the stock, it's not exactly clear if SYMW will react in a big way to news that's important, but not really 'tangible' to the average investor. However, if the market's in a good mood, a move above $0.0011 could jump start something bigger. A move above $0.0018 would pull SYMW out of its rut even more decisively.