Shares of Sunvalley Solar Inc. (PINK: SSOL), a solar power technology and system integration company, are seeing huge activity in trading today.
At last check, SSOL shares were trading at $0.0002 on above average volume of 82.51 million. In the last one month, SSOL shares have fallen 33.33%. The stock is down more than 88% in the last three months.
According to a filing made by Sunvalley Solar in May this year, the company had total revenue of $178,000 for the three-month period ended March 31, 2012, down significantly from $2.88 million reported in the three-month period ended December 31, 2011.
SSOLâ€™s operating loss for the three-month period ended March 31, 2012 was $324,000, compared to operating income of $195,000 reported in the three-month period ended December 31, 2011.
Net loss for the March quarter was $259,000, down from $270,000 reported for the December quarter.