Anastas Gegov

Kirin International Holding Inc (OTCMKTS:KIRI)’s Upward Run Continues

by Anastas Gegov May 29, 2015

We have seen an impressive performance from Kirin International Holding Inc (OTCMKTS:KIRI, KIRI message board)’s stock lately. After an initial burst in the beginning of the year things had calmed down and the ticker was making relatively small percentile movements on average volumes.

 

A paid promotion that started on May 13 and ended the next day, however, resulted in some impressive results. Rarely does a pump campaign yield such results, especially when it lasts two days. One thing that might have aided the company stock’s ascent is the financial situation. More recently, KIRI updated it and now we have the numbers for the first quarter of the year.

 

  • cash: $10.21 million
  • total assets: $363.5 million
  • total liabilities: $308.43 million
  • quarterly revenues: $22.03 million
  • quarterly net loss: $1.45 million

 

Undoubtedly, some pretty impressive numbers for an OTC company, even with the fact that the cash reserves have been significantly reduced compared to the end of 2014. In the meantime we seen some impressive revenues that have grown by around 3 times compared to the same period last year. The net loss has also been reduced.

 

And so, after just a single session of hesitation we see that KIRI is back on its upward course, having recorded the past 4 sessions in the green. Yesterday the ticker made another impressive 49.17% gain and finished the session at $1.35. A total of 178 thousand shares changed their owners generating $214 thousand in daily dollar volume.

 

Judging by the numbers contained in its quarterly report and the market cap of $27 million we can see KIRI climb even higher. That, however, doesn’t mean that you should skip on doing your due diligence before making any investment decisions.

Comments 1

1. Guest
May 29, 2015, 02:22PM

Quotes FXCM= STRONG BUY.

FXCM has two(2) good news:

1)FXCM sells its Hong Kong unit to pay its debt.

2)FXCM buys Foreign Exchange Accounts (Client books) from Citigroup on May 22, 2015.
FXCM revenues will be increased exponentially.

For more information, go to Yahoo.finance, Type in "FXCM", Read PR/NEWS.

FXCM is a strong buy.

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