Anastas Gegov

Nutra Pharma Corp. (OTCMKTS:NPHC) Goes Further Up

by Anastas Gegov February 16, 2016

After a disappointing start of the year we saw the stock of Nutra Pharma Corp. (OTCMKTS:NPHC, NPHC message board) attempt to stabilize, while the daily volumes shrunk. This month started with another slide down the charts and the ticker reached a 52-week low of $0.0181 per share on February 5.

 

Meanwhile, the company is being regularly touted by Quality Stocks who received $25 thousand for a 150 day marketing campaign. The pump was paid by none other than the company itself, which comes as a bit of a surprise, considering the awful numbers that it had to show in the balance sheet of its latest filing.

 

  • cash: $4 thousand
  • current assets: $547 thousand
  • current liabilities: $2.25 million
  • quarterly revenues: $53 thousand
  • quarterly net loss: $3.94 million

 

Investing more than six times your current cash reserves in an effort to promote your stock isn’t really something that a successful company would do, especially when its revenues have dropped a whopping 80% on a year-over-year basis and it has managed to accumulate a further $1.3 million in current liabilities.

 

Still, after the 51.85% boost that came out of nowhere last week we see that NPHC is still going up. This time the company made an announcement and managed to climb a further 34.15% in Friday’s trading, closing at $0.055.

 

Unfortunately, after struggling to keep its value in today’s trading we see that NPHC is 7.45% as of the writing of this matter and this might mark the end of its short-lived upward streak. In any case, you should be sure to do your due diligence and weigh out the risks before putting any money on the line. 

Comments 0

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