How High Can Totally Hemp Crazy (OTCMKTS:THCZ) Go

[[tagnumber 0]][[tagnumber 1]]The start of 2015 was rather stale for the stock of Totally Hemp Crazy (OTCMKTS:THCZ) as it was hovering around the 1 cent per share mark throughout January and recorded miniscule daily volumes. Some impressive news in the end of the first month of the year, however, were reason enough to get investors excited.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Afterwards it wasn’t that hard for [[tagnumber 6]]THCZ [[tagnumber 7]]to keep the hype up with regular press releases. By the end of March the company stock had gained a whopping 3174% and was sitting at $0.2931. It seems, however, that [[tagnumber 6]]THCZ[[tagnumber 7]] couldn’t handle the pressure and it received a vicious blow and corrected, losing 53.26% in a single session. One reason for that might be the fact that the market cap approached $100 million which is quite big.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The balance sheet of the company wouldn’t simply suggest such a market cap. Still, the numbers contained in the balance sheet of [[tagnumber 6]]THCZ‘s[[tagnumber 7]] Q1 report weren’t that bad.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 19]] [[tagnumber 20]]cash: $523 thousand[[tagnumber 21]] [[tagnumber 20]]current assets: $723 thousand[[tagnumber 21]] [[tagnumber 20]]current liabilities: $1.19 million[[tagnumber 21]] [[tagnumber 20]]quarterly revenues: $68 thousand[[tagnumber 21]] [[tagnumber 20]]quarterly net loss: $344 thousand[[tagnumber 21]] [[tagnumber 30]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Said report was filed on April 6 and it seems to have boosted investor confidence and [[tagnumber 6]]THCZ[[tagnumber 7]] began climbing up again, reaching a price of $0.278 per share on April 21. After that we saw the ticker lose altitude once again and it was sliding until the end of last week.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This week started quite differently, however, and [[tagnumber 6]]THCZ[[tagnumber 7]] recorded a 13.44% gain in Monday’s session. Yesterday the company stock went up by another 10.85% and closed the session with a price of $0.2339 while generating a daily dollar volume of $1.75 million.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see that [[tagnumber 6]]THCZ[[tagnumber 7]] has started hesitating once again and its ascent might have come to an end. After all, its current market cap of $85 million is quite high compared to the company’s book value so doing your due diligence and weighing out the risks before making any moves is crucial.[[tagnumber 2]]