Sky Harvest Windpower Corp (SKYH) harvests higher stock price on hiring consultant

Posted on: Thursday, May 26th, 2011
Written by:

Sky Harvest Windpower Corporation (OTCBB: SKYH) shares galloped ahead 83.3% to 55 cents on hiring a new acquisition consultant. Volume for the stock was a scant 1,000 shares.

The Vancouver-based company says Kyle Loney will be responsible for analyzing potential project acquisitions in the renewable energy sector and providing recommendations to the Board of Directors based on his capital budgeting assessments.

Mr. Loney holds an Economics degree from Union College in New York and is certified as a Project Management Professional by the Project Management Institute. Mr. Loney was a founding partner and currently acts as Vice-President of Business Operations for the Ecogen Group of Companies, which aids clients with solar power project development. Ecogen’s projects to date have involved over $300 million in capital costs.

Management was not available for comment, but noted that Sky Harvest has agreed to grant incentive stock options to Loney whereby he can acquire up to 200,000 shares of its common stock for $0.25 each, for a period of five years.

Sky Harvest Windpower Corp. is involved in development stage wind power projects located in southwest Saskatchewan. Wind speed and environmental data relating to the Company’s leased properties indicates that the properties host a strong and consistent wind resource that warrants the erection of wind power generation facilities with the potential to generate up to 350 MW of electricity.

Tags: , , , , ,
Category: Alternative Energy Stocks, OTCBB, Penny Stocks
no comments
You can leave a response, or trackback from your own site.

Leave a Reply

Your email address will not be published. Required fields are marked *

About Penny Stocks

The term "penny stocks," also known as micro-cap equities, micro caps, small caps, pink sheets, refers to shares in a company that trades for less than $5.00. Most penny stocks trade on the OTCBB market and the pink sheet electronic quotation service. Penny Stocks can be very volatile and can see gains as much as 500% in a day. Volatility in penny stocks is also dangerous because penny stocks can come down as quickly as they go up. If you trade penny stocks based on stock picks, make sure to always do your due diligence on the companies you're considering, use stop loss orders, and book your profits when you are in a position to do so.