GRNE trading higher, breakout ever so close now
Published: Fri, 12/19/14
|
Morning all,
GRNE is trading well today, hitting a morning high of $0.0077 and still in the green.
Major breakout levels are at $0.008 - we are so
close to this level now. If you haven't been watching yet, make sure you
get GRNE on your screen now and consider taking a position ahead of what could be avery big technical breakout later today or next week.
If you haven't read my profile on GRNE yet (and the strong earnings the company recently released), keep reading below.
Have a great day.
ShiznitStocks.com
----------------------------------------------------------------------------- Hello fellow investors / traders,
We have an amazing potential breakout on the
cards today. Once you see the chart, and the fundamentals of the
company, I'm positive you will be as excited as I am.
Get Green Endeavors Inc (GRNE) on your screen now, then take a look at the hot breakout chart below...
GRNE closed at $0.007 today. A breakout through multi-month resistance of $0.008 could be huge and take us to penny land.
Earlier this year, GRNE ran from these same levels, all the way to $0.013 for a 90% gain in a just a few trading sessions. Can we repeat? I think so, especially with a bullish market and Santa Clause rally in progress.
And best of all, GRNE has a tiny market cap and float which means when it starts to move, it could move big and very fast.
![]() GRNE's reported strong earnings just last month...
Green Endeavors Reports Revenues of $2.4M and Net Income of $69,061 for the Nine Months Ended September 30, 2014SALT LAKE CITY, UT--(Marketwired - Nov 19, 2014) - Green Endeavors, Inc. GRNE), a majority owned subsidiary of Nexia Holdings, Inc. (NXHD), announces that it has filed its third quarter report on Form 10-Q with the SEC. Some
highlights from the Form 10-Q include a continued trend in further
improving our working capital and the health of our balance sheet.
During the third quarter, we recognized an additional $33,535 in debt
forgiveness. Our working capital improved by $403,111, as compared to
December 31, 2013. We have settled over $945,085 in debt over the nine
months ended September 30, 2014. Our revenues came in at $2,428,730,
compared to $2,646,259 for the same period in 2013. Nonetheless, our net
income for the nine months ended September 30, 2014 was $69,061,
compared to a loss of $37,461 for the same period in 2013.
Richard Surber, President and CEO of Green Endeavors, Inc., commented,
"We had a slight setback as far as revenues are concerned, but feel it
was short lived. We have had to turn guests away at various times
because we had insufficient stylists. We have learned our lesson from
this minor setback and we have implemented an aggressive recruiting
strategy to mitigate the effect of being understaffed. Over the last
three months we have stepped up our recruiting and training efforts with
great success. We plan on over staffing our current locations looking
forward to opening our fourth location in Utah. In addition, we have
scouted several locations that are out of state as well which are
promising. I will announce more on new locations when our plans have
firmed up. I believe it is essential to have a strong foundation before
expanding. My team continues to dial our systems down in anticipation of
substantial future growth." About GRNE
Green Endeavors, Inc., through its subsidiaries, owns and operates hair
salons in Utah, the United States. The company operates two Aveda
Lifestyle Salons in the Liberty Heights and Marmalade districts of Salt
lake City, Utah.
Its salons operations consist of three components,
including hair salons that provides various hair care and other salon
services, such as makeup, skin care, and nail care; an Aveda retail
store that sells hair care, skincare, makeup, fragrance, and other
lifestyle products; and a training academy, which educates and prepares
staff about the culture, services, and products provided by the salon.
The company was founded in 2002 and is based in Salt Lake City, Utah.
Green Endeavors, Inc. is a subsidiary of Nexia Holdings, Inc. For more information on GRNE, visit their website at www.green-endeavors.com
We think GRNE is on the cusp of a major breakout to the upside. If history can repeat, we could see abig move through into penny land and triple digit gains could be realized.
GRNE has a small market cap, a low float and a
history of making big moves higher. I urge you to continue your research
into GRNE right now and be ready for the opening bell. Disclaimer Never invest in any stock featured on our
site or emails unless you can afford to lose your entire investment. For full
disclaimer click here. |

