Diversified Global Holdings Group Inc. (PINK:DGHG) Going Up on Low Volumes
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There have been a few press releases in place, a promotion and a quarterly statement for Diversified Global Holdings Group Inc. (PINK:DGHG, DGHG message board). Yet, the last two months were far from exciting, as far as stock market activity is concerned. Not much traded shares, yet a 200% increase in the share price. Not bad. Yet to see what the next catalyst in place could do this Tuesday.
So, above $1 per share. Not bad for a pink sheet enterprise. On the other hand, trading volumes are not exactly inspiring. Only 1,000 shares traded one day, 0 shares traded on another - this is the situation for DGHG. Even when there was a promotion in place on Sept. 13th, the volume of shares exchanging hands for the day could not reach 10k. Yet, the rise in the price continues, the Monday session closing at $1.26 per share.
Now, it is important to mention that another promotion came out yesterday evening. Not very different from the previous one, it presents some facts about Diversified Global Holdings, and is set to affect trading activity today. Paid by a third party with $2,500, it is hard to say whether the effect on the stock market would be a positive one for regular shareholders.
In the meantime, given the time the above newsletter was sent, people had enough time to do some additional research before the session opens today. One source to look into is, no doubt, the balance sheet. Luckily, a quarterly statement came out a few weeks ago - the 10-Q with an end-date June 30th, 2011. It includes the following, among other figures:
- $2.9 million in cash;
- $35.5 million in total current assets;
- $21.2 million in total current liabilities;
- $1 million in accumulated other comprehensive income;
- $4.2 million in revenue;
- $516k in net income;
Not the best financial statement out there, but certainly not the worst, especially for a pink sheet stock. There might be opportunities for profits, but there is also the risk involved.
Watch the video to learn about the probability of Diversified Global Holdings Group Inc. (DGHG) Chart Signal as of May 21 2013
Hotstocked Precision will calculate the probabilities of Diversified Global Holdings Group Inc. (DGHG)
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1. spike.emy
November 29, 2011, 09:03AM
Yes, swims in its waters on the OTCQB. Isn't it strange that almost nothing new rushed the stock? I had no time to see financials. Is there something strong that may be a reason for the continuing upward move?
2. Guest
November 29, 2011, 08:30AM
dghg is now otcbb
