NGEY Brings Low-Float Advantage And Bullish Near Term Upside
Good Afternoon!
a
New Global Energy Inc (OTCQB: NGEY)
NGEY is positioned for a potentially massive breakout and I believe that if you act now when it is most undervalued, you can secure the biggest share of its upside potential.
The technical factors powering NGEY are huge. Over the last 12 months investors have shown strong confidence in the company’s business model. This confidence has pushed valuation as high as 3.70. NGEY has shown over the course of the past few months that it is well deserving of its high-tier OTC QB status.
Since achieving its lofty 12-month breakout NGEY has pulled back and now presents a very unique opportunity for traders to book profits over the near term. How much profit are we talking? Well, potentially you are looking at up to 62% gain potential. That’s based on current valuation and the gap to the play’s 50 DMA of .47.
Profits are even richer over the medium term where there is up to 341% upside potential available based on the 200 DMA of 1.28.
NGEY also has very strong bounce potential owing to RSI being 34 on the daily chart. It’s traded higher when RSI has hit 70 or more (75 cents at 70 RSI).
There’s also some strong news which is yet to sink in. NGEY is pushing ahead with its fish farming ventures and recently announced the start of Tilapia production.
Take a look at NGEY because with a 12-month low of .21 and a high of 3.70, it’s likely that it won’t stick around under 30 cents for much longer.
Check out the chart…
Here’s a link to the chart: http://stockcharts.com/h-sc/ui?s=NGEY
About
NGEY (New Global Energy, Inc.) is an agriculture and aquaculture company which focuses on alternative energy production, agriculture, and aquaculture activities in the United States. The company intends to use non centralized power plants, primarily concentrated solar power, jatropha based biofuels, and aquaculture operations to produce power to feed into the power grid serving local power needs. It also produces food products, such as farm grown fishes and shrimps.
NGEY was founded in 2012 and is based in Cheyenne, Wyoming.
Aquaculture To Hit $195 Billion By 2019
According to a new report published by Transparency Market Research—Aquaculture (Marine Water, Freshwater and Brackish Water) Market for Carp, Mollusks, Crustaceans, Salmon, Trout and Other Fishes - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019—the global market for aquaculture was valued at $135.10 billion in 2012 and is expected to reach $195.13 billion in 2019, growing at a CAGR of 5.1% from 2013 to 2019.
In terms of volume, global production was 66.5 million tons in 2012 and is expected to grow at a CAGR of 2.3% from 2013 to 2019.
Volume of captured fish is fast depleting and is expected to be one of the primary factors driving global aquaculture production over the next few years. In addition, increasing consumer awareness regarding health benefits associated with consumption of fish and fish products is expected to boost aquaculture production within the forecast period. Aquaculture is expected to surpass captured fish industry as the major source for human consumption by the end of 2015.
News Development
Tilapia Production Fully Underway at New Global Energy, Inc.
NGEY recently announced that its tilapia season is in full swing and on schedule to produce record breaking revenue.
At Aqua Farming Tech, NGE's wholly owned subsidiary, there are two spawning seasons in the Spring and Fall that produce one million tilapia each that we expect to be a total of two million annually. This month, the Fall season's tilapia are coming to full maturity at approximately one pound each and are preparing to go to market at $3.60 per pound (delivered) or $3.00 per pound (picked up at the farm) with price increases expected.
"We are very pleased that our tilapia farm operation in the Coachella Valley is more profitable and sustainable than ever before," said Chief Executive Officer Perry D. West. "As soon as our tilapia reach full market size we are ready to ramp up sales in order to meet increased consumer demand for quality seafood. 2016 will be a record year for our farms."
To learn more about NGEY please visit their website: http://www.newglobalenergy.net/
NGEY is poised for another massive run so don’t sit on the fence. There’s at least 62% upside available in the near term and that is an awful lot to play for.
Your Friend,
