On The Move Systems Corp (OTCMKTS:OMVS) Continues To Grow

[[tagnumber 0]][[tagnumber 1]]After the disappointing performance that On The Move Systems Corp (OTCMKTS:OMVS) showed us following its $7 per share peak in midMay we saw the ticker begin to ascend the charts in the second half of the past month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Strangely enough this is happening while the company’s financials aren’t really impressive and the only thing that seems to be driving the ticker is the positive press releases. Unfortunately, they don’t change the fact that [[tagnumber 6]]OMVS[[tagnumber 7]] recorded the following numbers in their quarterly report for the period ended May 31, 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $7,154[[tagnumber 13]] [[tagnumber 12]]current assets: $14,654[[tagnumber 13]] [[tagnumber 12]]current liabilities: $1,132,843[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $2,250[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $337,383[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And although these numbers are pretty disappointing it seems that investor confidence is still strong. The company is certainly doing its best to promote its stock and issued another fluff press release earlier today.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This means that we might see [[tagnumber 6]]OMVS[[tagnumber 7]] go even higher after the 44.44% gain the it recorded in yesterday’s session that led it to a close at $3.25 while a total of 306 thousand shares changed their owners and generated $895 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]So far, the company stock has gained another 27.69% in today’s session and is sitting at $4.15 as of the writing of this article after generating $1.1 million in dollar volume. It will probably be one of the most traded OTC tickers today, but we might see it correct rather sooner than later, so be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]

You may also like...