Gawk Inc (OTCMTKS:GAWK) Shooting Up
[[tagnumber 0]][[tagnumber 1]]Most of this year was pretty uneventful for the stock of Gawk Inc (OTCMKTS:GAWK) and we saw very little trading while the stock was sliding down the charts. The ticker dropped below the 1 cent per share mark in August and has been struggling to regain some of the lost value in the following months.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, the company came out with its latest financial report, which showed some progress. The filing covered the period ended July 31, 2015 and contained the following numbers of prime interest in its balance sheet.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $44 thousand[[tagnumber 11]] [[tagnumber 10]]current assets: $1.38 million[[tagnumber 11]] [[tagnumber 10]]current liabilities: $7.41 million[[tagnumber 11]] [[tagnumber 10]]quarterly revenues: $558 thousand[[tagnumber 11]] [[tagnumber 10]]quarterly net loss: $256 thousand[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We can see that the company has started generating revenues and they have increased significantly quarter–over–quarter. The net loss is also quite smaller compared to the one recorded in the same period last year. The cash on hand, however, has shrunken a lot and the current liabilities have grown by an impressive 73%.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Earlier this month, however, we saw [[tagnumber 28]]GAWK[[tagnumber 29]] begin to slowly climb the charts for no apparent reason. Then the company came out with a pretty optimistic press release in the beginning of this week which led to an impressive 54.93% jump in yesterday that left [[tagnumber 28]]GAWK[[tagnumber 29]] at $0.011 per share at the final bell.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker is still riding north and is 54.55% up as of the writing of this article. It seems that [[tagnumber 28]]GAWK[[tagnumber 29]] will finish the day with another significant gain, but you should be sure to do your due diligence and weigh out the risks before putting any money on the line, as a correction isn’t out of the question when we have such massive gains in such a short amount of time.[[tagnumber 2]]
