MedClean Technologies Inc. (OTC:MCLN) stock price increased on high volume from $0.002 starting on Tuesday November 3rd, 2009 to a peak of $0.073 on Monday November 30th, 2009 with a gain of +3650%
Currently, the price is around $0.03 to $0.04. Is this run over or will MCLN break past its peak at 7.3 cents?
MCLN soared once the positive results of the 3rd quarter earnings were posted. The net profit margin was up by 21.79% and the return on average assets was up by +73.3%.
Revenue for MCLN increased from $750K to $1.56M comparing 3rd quarter results ending in september 2008 and september 2009 respectively.
Gross Profit for MCLN more than tripled from $270K to $910K comparing 3rd quarters results ending in Sep. 2008 and 2009 respectively.
Summary:
Med Clean Technologies (OTCBB:MCLN) specializes in providing on site waste management services to medical facilities and hospitals.
Recently, MCLN announced that it formed a co-marketing agreement with Vestara to further expand operations and better provide medical facilities with solutions to the increasing costs of waste management.
MCLN also announced its approval to expand its operations in the state of New Jersey, enabling Garden State Hospitals to begin receiving Med Clean's cost effective waste management services.
Currently, the price is around $0.03 to $0.04. Is this run over or will MCLN break past its peak at 7.3 cents?
MCLN soared once the positive results of the 3rd quarter earnings were posted. The net profit margin was up by 21.79% and the return on average assets was up by +73.3%.
Revenue for MCLN increased from $750K to $1.56M comparing 3rd quarter results ending in september 2008 and september 2009 respectively.
Gross Profit for MCLN more than tripled from $270K to $910K comparing 3rd quarters results ending in Sep. 2008 and 2009 respectively.
Summary:
Med Clean Technologies (OTCBB:MCLN) specializes in providing on site waste management services to medical facilities and hospitals.
Recently, MCLN announced that it formed a co-marketing agreement with Vestara to further expand operations and better provide medical facilities with solutions to the increasing costs of waste management.
MCLN also announced its approval to expand its operations in the state of New Jersey, enabling Garden State Hospitals to begin receiving Med Clean's cost effective waste management services.
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Posted by: Penny Stocks | Feb 04, 2010 at 12:45 AM