How High Can Rock Creek Pharmaceuticals Inc. (OTCMKTS:RCPI) Jump?

Rock Creek Pharmaceuticals Inc. (OTCMKTS:RCPI) added another impressive 15.38% to its market value yesterday, but how long can it keep that up?

As usual, there’s no way to be certain of that question, however due diligence yields some logical conclusions that may help investors along. Here are some of them.

First off, the company’s financial standing does not bode well for the continuation of its jump. As we said in a previous article covering the stock, the numbers in RCPI‘s latest financial report look mediocre even by the standards of the OTC Markets:

• cash – $146 thousand
• current assets – $996 thousand
• current liabilities – $11.18 million
• revenues – ZERO
• net loss – $2.84 million

With achievements this unimpressive, it is really no wonder that RCPI has been delisted from the NYSE. Rather, it seems like a miracle that it was ever listed on that prestigious exchange to begin with.

On the other hand, the last two sessions have demonstrated that RCPI can be volatile, and judging by the charts that volatility seems to be increasing. While there is no obvious reason for said increase, opportunistic traders could probably take advantage of it in their pursuit of profit.

However, the relatively low dollar volumes and RCPI‘s mediocre achievements to date may prove to be a crucial hindrance even for the most well informed and resourceful among said investors.

In fact, judging by today’s slow opening, this could already be the case.