VibroPower is an interesting penny stock that is worth to take a deeper look. Firstly, it has paid 2 dividends in 2013 at a rate of $0.0038 and $0.015, giving it a yield of nearly 8%. Seldom we see penny stocks paying such a high dividend rate unless it generates a strong cash flow.
Yes, VibroPower indeed generate strong cash-flow in its half-yearly results. Secondly, from the chart shown below, it has been falling from a high of $0.115 to $0.066(support), drop of 42% from the high. It makes the stock deem as attractive given that it could rally all the way back to around the high 7.5-8.0cents level.
Today VibroPower trade in a range of $0.066 to $0.07 and volume has been increased. We entered at $0.069 and $0.07 today.