Anastas Gegov

How Long Can Interactive Health Network (OTCMKTS:IGRW) Go Up The Charts

by Anastas Gegov March 31, 2015

This year didn’t start very well for the stock of Interactive Health Network (OTCMKTS:IRGW), but things have changed lately. After the ticker dropped in triple zero land in the end of February it struggled to recover. Earlier this month, however, IGRW began to ascend the charts for no apparent reason.

 

The company itself isn’t too keen on keeping investor attention and they very rarely come up with any press releases. The last time we heard from them was back on January 22 when IGRW provided us with a shareholder update. The press release stated that the revenue for the quarter ended December 31, 2014 was expected to be in the $350 thousand $400 thousand range. The report came last Thursday and it contained the following numbers.

 

  • cash: $10 thousand
  • current assets: $153 thousand
  • current liabilities: $1.58 million
  • quarterly revenues: $353 thousand
  • net loss: $228 thousand

 

And while the company is generating decent revenues we can’t fail to note the minuscule amount of cash they have on hand and the significant liabilities. A market cap of $8 million is certainly steep when you look at these numbers, but that didn’t stop IGRW from climbing after the announcement of the results.

 

The very next day that the report was posted IGRW gained 35.71% in value and closed the past week at a price of $0.0019 per share. Yesterday’s session was even more intense. The company stock gained another 47.37% in value and closed the session at $0.0028, while a total of 110.92 million shares changed their owners and generated $326 thousand in daily dollar volume.

 

It appears, however, that the climb has come to its end as IGRW is currently 14.29% down in today’s session. In any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.

Comments 1

1. Guest
April 01, 2015, 06:33PM

Quotes I believe that IGRW is a pretty clean stock. It doesn't need to come up with news every week or every month. IGRW knows that they are doing a good job, and are diligent at it.

If they come up with news everyday, they would tend to bragger too much about the company.

Their quarterly results are pretty normal, slow and steady. Which means they are heading on the right track.

Type the characters that you see in the box (5 characters).