Anyone who likes explosive Penny stocks has got to love Highline Technical Innovations. Inc. (PINK: HLNT) which just keeps on going up. From lows of about $0.001 to recent highs near $0.025 this one has already made a massive move.
Highline Technical Innovations (PINK: HLNT) is focused on producing innovative, high quality products that are both economical and healthy for the environment. The company's primary product is the Hy-Impact™ line of fuel saving and emissions reducing hydrogen systems. The HY-Impact line of products uses hydrogen as a catalyst to burn fuel more effectively. The hydrogen is separated from the water via a process of electrolysis that allows hydrogen gas to be introduced into the engine's combustion chamber which creates a significantly more efficient fuel burn.
The HY-Impact line of products increases fuel economy between 9-23% and reduces diesel exhaust fluid (NYSEARCA:DEF) by up to 40%. It increases horsepower and torque, reduces engine and turbocharger operating temperatures, and helps extend oil change intervals due to lower particulate loads.
Currently trading at a market valuation approaching $50M HLNT reported revenues of $140,142 for the 3 months ended June 30, 2012 and they are on track do about $500k total for 2012. They recently went into final settlement with PwC Corporate Finance which looks as if it brings that ongoing lawsuit to a close. Another issue high on the list for HLNT is getting their filings in order with OTCMarkets and getting the yield designation removed.
Conclusion: HLNT has seen some important developments over the last few months and the stock has already made a spectacular move this summer. Currently trading at $0.0235 HLNT has held its new gains with ease and continues to move higher. I will continue to update on HLNT so Make sure you are subscribed to OTCMagic.com so you get the inside scoop!
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.