Anastas Gegov

Propanc Health Group Corp (OTCMKTS:PPCH) Closes The Week Green

by Anastas Gegov May 16, 2016

After a long slide that almost pushed the stock of Propanc Health Group Corp (OTCMKTS:PPCH, PPCH message board) below the 1 cent per share mark back in the end of February we saw the ticker gain quite a lot of value over a short period of time and the daily volumes increased significantly.

 

The company stock almost reached 5 cents per share in the middle of March, but quickly corrected, losing a lot of value. Still, PPCH did manage to keep more than half of the value that it had gained since it hit its 52-week low in the end of February. Meanwhile, the company’s market cap has stayed relatively small compared to other companies with far less to offer.

 

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

 

Those numbers are not that bad, but PPCH is still in early development stage so there will be some time before the company can actually be capable of generating revenues. This is why the corrections weren’t that surprising. Still, PPCH did manage to return to an upward climb in the second half of April, but has been sliding for some time now.

 

The ticker became a bit more hesitant last week and can’t seem to find its direction despite the optimistic PR. PPCH gained 9.40% in value before the weekend and finished Friday’s session with a price of $0.0256 after a total of 5.53 million shares changed their owners and generated $136 thousand in daily dollar volume.

 

Today’s session shows more signs of hesitation and PPCH is 3.12% in the red as of the writing of this article. In any case, you should be sure to do your due diligence and weigh out the risks before putting any money on the line.

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