Fernhill Corp (OTCMKTS:FERN) is a penny play that has been grinding sideways, but has started to show both an increase in trading volume and a strong hold of some important technical markers, such as the stock’s major moving averages. In fact, FERN shares are subtly making higher highs and trading now well above the key 200-day SMA. FERN’s latest is its announcement of the recent development of a new power generation and storage prototype.
According to the release, “the first design in a newly launched suite of products will be the “P72” short for “Prototype 72”. After a major disaster, the first 72 hours can be the most challenging for families that are not adequately prepared. The “P72” product is designed to provide temporary off grid power backup for an entire family at this critical time. When grid power goes off-line by or during a natural disaster, the “P72” is designed to provide power, lighting and charging for the most essential equipment. We understand that emergency communication is equally as important as having a readily available power source. The “P72” device will provide adequate power for lighting, emergency equipment, cellular phones and emergency broadcast devices.”
Fernhill Corp (OTCMKTS:FERN) trumpets itself as a company that acquires, explores, and develops mineral projects in North America. The company explores for gold, silver, and copper ores. It holds interest in the Silver Bell Mine property located in the south shore of Horne Lake.
FERN was formerly known as Global Gold Corporation and changed its name to Fernhill Corporation in January 2012. Fernhill Corporation was founded in 1997 and is based in Wilmington, Delaware.
According to company materials, “Fernhill Corporation is a holding company focused in the energy and technology sector. Incorporated in Nevada with operations in North America, Fernhill Corporation is focused on acquisitions and or partnerships in energy based sector businesses.”
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As noted above, FERN has recently announced the developed of an off-grid emergency power generation and storage prototype.
“The extremely durable “P72” design will also allow for the device to be used as a recreational family product. The portability of the “P72” product allows for quick deployment and will give users the ability to have immediate off grid power generation. High powered outputs, multiple methods of charging and large battery capacities make the “P72” a perfect alternative to traditional gas-powered generation. The “P72” device will also integrate a design specific for export to several key countries in 2018. These selected countries will then have a viable solution where grid stability and affordable power options are not adequately available.”
FERN has so far not reacted a whole lot to this announcement, which came towards the outset of the month. However, as we discussed above, we have picked up on some interesting technical action, which could signal some interest from larger players in the marketplace who are doing a quiet job of accumulation. This may not be on target, but given the news on the under-the-radar feel to this stock, we thought it was worth pointing out.
“Currently, the developed working prototypes are in the process of integrating several product improvements to ensure retail acceptance. The commercialization of the “P72” product line is now in the sights of the company moving forward. Production in an Arizona facility is anticipated to commence in the 4th quarter of 2017…. The “P72” device will be product branded in the future and packaged as a solution with a “Made in the USA” label. Our goal is to provide homes in and outside of the United States with a readily available and stable power supply.”
At this time, carrying a capital value in the market of $2.27M, FERN has virtually no cash on the books, which stands against virtually no total current liabilities. The company is pre-revenue at this point. This is an exciting story, and we look forward to a follow-up chapter as events transpire. For continuing coverage on shares of $FERN stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $FERN, either long or short, and we previously been compensated for FHBC advertising and promotion.
