Ocean Thermal Energy (OTCMKTS:CPWR) Shares Cross Above 200-Day Moving Average – Should You Sell?

Ocean Thermal Energy Co. (OTCMKTS:CPWRGet Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $0.0137. Ocean Thermal Energy shares last traded at $0.0085, with a volume of 89,500 shares.

Ocean Thermal Energy Trading Up 41.7%

The firm’s 50-day moving average price is $0.01.

Ocean Thermal Energy (OTCMKTS:CPWRGet Free Report) last issued its earnings results on Thursday, December 18th. The energy producer reported ($0.01) EPS for the quarter. The business had revenue of $0.85 million for the quarter.

About Ocean Thermal Energy

(Get Free Report)

Ocean Thermal Energy Corporation, together with its subsidiaries, engages in the development of projects for renewable power generation, desalinated water production, and air conditioning worldwide. It is involved in the design and development of ocean thermal energy conversion, and seawater and lake water air conditioning plants for commercial properties, utilities, and municipalities. The company produces electricity through ocean thermal electrical conversion plants and provides air conditioning for large commercial buildings or other facilities through seawater air conditioning and lake source cooling plants.

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