Shares of Ener-Core Inc (OTC BB: ENCR), a renewable energy equipment manufacturer, witnessed a strong upward share price momentum after raising more than 19% during each of the past two consecutive trading sessions with significant number of shares exchanging hands. During the last trading session, ECNR was the top gainer in U.S energy sector having gained 32% breaking the short term 50-day DMA at C$0.28. The stock closed at $0.33 while recording volumes of 1.7 million shares. During the past 5-trading sessions, ECNR gained 77% with daily average trading volumes of 704,275 shares, while the stock accumulated over 175% during the past one month with daily average trading volumes of 991,791 shares. The stock witnessed momentum after the company reported successful completion of the initial testing of its gradual oxidation technology at its full-scale operational facility in Irvine, CA. The successful completion is seen as an important milestone towards the entry into the $20 billion oil and gas industry.
Company Description:
Ener-Core Inc designs and manufactures innovative systems. The company produces continuous energy from a range of sources, including ultra-low quality gas.
1-Year Stock Chart:
Source: Bloomberg
