Anastas Gegov

Totally Hemp Crazy (OTCMKTS:THCZ) Regains Some Value

by Anastas Gegov October 1, 2015

The stock of Totally Hemp Crazy (OTCMKTS:THCZ, THCZ message board) was sliding through the charts since May and it dropped below the 10 cent per share mark in the end of July. It has attempted to go above it in the following months, but has always failed to maintain a level above it.

 

More recently, we saw another upward run from THCZ which pushed the ticker above 10 cents on September 25. The company stock finished the following two sessions in the red and it looked like the ticker was going to keep descending which wouldn’t be surprising when you consider the impressive market cap of THCZ and the rather week financials of the company.

 

  • cash: $95 thousand
  • current assets: $1 million
  • current liabilities: $1.53 million
  • annual revenues: $798 thousand
  • annual net loss: $408 thousand

 

Apart from that it seems that the shareholder meeting that was held in the beginning of this week didn’t help the ticker much. Blue Horseshoe Stocks also tried to promote the ticker on September 28, receiving no compensation for their efforts which produced zero positive movements.

 

THCZ somehow managed to gain 10.86% in yesterday’s session for no apparent reason. The ticker went on to close at $0.0898 while we saw a total of 1.66 million shares change their owners and generate $142 thousand in daily dollar volume.

 

We see that the company stock is a bit more stable today and it has barely moved as of the writing of this article. Only time will tell if it will be able to go above the 10 cent per share mark once again and you should be sure to do your due diligence before putting any money on the line.

Comments 2

1. Guest
October 01, 2015, 02:14PM

Quotes weak*

2. Guest
October 01, 2015, 11:44AM

Quotes Well I like to know if the Company he go's good to the future or watt.
Can your people let know al the situation of the Company MDCE please.
Because I have a Lott of stock with MDCE please Thank you Alfonso Timpano.( email me at giuse99@outlook.com ).
Sincerely.
Alfonso Timpano

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