For penny punt stocks, their prices reflect exuberance existing at the time, largely on momentum plays and you get days they do really well (especially on announcements, whatever announcements) and days they drift silently as if no one cared.
I am still no fan of stocks in the energy optimising space (EOL seems to be the only one starting to look positive cashflow) . Too long a time to close a deal (due to proof of concept) and not that a deal will land large revenues, and in the meantime, cost/expenses will eat up cash. As novel a technology as you are made to believe, in reality there are others in the world with more or less similar innovations also trying to get off ground. I'm convinced that it is not innovative products/service that gets you successful, it is the execution and success lies with the entrepreneurial founder. Too often we have so call founders who have listed their new found ideas, managing but have no downside- if their businesses eventually fail, they will still walk away multi millionaires off their IPOs, then big fat salaries and bonuses and quite often large performance shares that are not linked to delivery of financial results (watch out for those companies (BUD, YOJ, LVT etc)).
But we're not here to discuss CPV (I've had a look) and neither to promote them. But because you choose to do so here, I will provide my two cents sorry.
If I wish to consider a penny punt at this point, I'll throw in no more than $5k provided the market cap is <$20m if no validation or can consider up to $100+m if secured some positive validation, but must have large global addressable markets. SVA fits my bill for the former (<$20m) and BIT & NUH for the latter. If they go up on further validation, I buy more and if it gets higher, I'll sell (just like Chippy successfully did with his TTT trades).
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