Las Vegas, NV -- (SBWIRE) -- 01/14/2013 -- Canterbury Res Inc (OTC:ECAU) aka Echo Automotive, Inc. develops technologies and products that allow the cost-effective conversion of existing vehicles into highly fuel-efficient hybrids and plug-in hybrids.
The stock started trading at the end of November last year in the $0.70 range and has been slowly rising since. The volume picked up to the million share range in early January and the stock has seen in acceleration in upward price since.
Based in Auckland, New Zealand, the Company manufactures cost reduction technology (EchoDrive) for converting fleet vehicles into highly fuel efficient plug-in hybrids. The company was incorporated in 2008 and is based in Auckland, New Zealand.
On January 4 ECAU announced its newly formed Technical Advisory Board, an assembly of world-class industry experts and thought leaders comprised of the following members: John Formissano, Mike Rowland, Chelsea Sexton, Paul Mitchell, Robert Sexton, Arie Luyendyk and Bill Wylam.
While the multi-million dollar stock promotion continues led by Five Star Equities and many others, ECAU continues to move higher on massive volume. Investors should be aware that besides the hype, this Company has little assets, no revenues and very high overhead.
OTCMAGIC has recently published a new article on Echo Automotive that goes more into detail on what is really happening. To find out what OTCMAGIC projects for ECAU both short term and long term please visit our article here: ECAU
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