Anastas Gegov

Propanc Health Group Corp (OTCMKTS:PPCH) Keeps Climbing

by Anastas Gegov April 27, 2016

After the amazing upward run that Propanc Health Group Corp (OTCMKTS:PPCH, PPCH message board) had in the beginning of March we saw the ticker get corrected, but it quickly managed to stabilize around the 3 cent per share mark and the daily volumes came down.

 

Lately, however, we see that PPCH is going up the charts and the volumes have increased once again. This is not such a big surprise, considering the company’s financials and the low market cap that it has compared to other OTC biotech companies with similar balance sheets.

 

  • cash: $1.1 million
  • current assets: $1.5 million
  • current liabilities: $4.8 million
  • revenues: ZERO
  • net loss: $3.5 million

 

Meanwhile, there were some good news that helped push PPCH up the charts recently. The company announced that it has filed two more patents for its cancer treatment on April 19, which caused the ticker to embark on a steeper upward climb.

 

The company was even touted by Emerging Growth, among several other stocks yesterday. This led to a 16.99% gain in value and we saw PPCH finish the session with a price of $0.042. A total of 40.82 million shares changed their owners and generated $1.57 million in daily dollar volume.

 

Unfortunately, PPCH isn’t doing all that well in today’s trading. The ticker is already 9.76% in the red so you better be sure to do your due diligence and weigh out all the risks before putting any money on the line.

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