We really try to not speak much on nanocap stocks, which is what the company was just a month ago. In fact, we can't even produce a custom report on the company because our screener just doesn't function correctly with stocks this small.
With a price in the $0.40 range and average volume of 1.3 million, only around $557,484 trades daily in this stock. Take for instance TD Banks stock where on average $347,538,547 trades on a daily basis, and you can get a feel for volatility and liquidity.
I also have some issues with this company's balance sheet. $1 million in current assets while current liabilities are nearly $3 million. The company also has negative book value.
Does the company have big potential? Yes. It also has the potential to go broke.
One of the primary recommendations we say with a stock like this, is to tread lightly. There are much more horror stories of people placing fortunes in these companies than there are successes.