Propanc Health Group Corp (OTCMKTS:PPCH) Keeps Climbing
[[tagnumber 0]][[tagnumber 1]]After the amazing upward run that Propanc Health Group Corp (OTCMKTS:PPCH) had in the beginning of March we saw the ticker get corrected, but it quickly managed to stabilize around the 3 cent per share mark and the daily volumes came down.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Lately, however, we see that [[tagnumber 6]]PPCH[[tagnumber 7]] is going up the charts and the volumes have increased once again. This is not such a big surprise, considering the company’s financials and the low market cap that it has compared to other OTC biotech companies with similar balance sheets.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $1.1 million[[tagnumber 13]] [[tagnumber 12]]current assets: $1.5 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $4.8 million[[tagnumber 13]] [[tagnumber 12]]revenues: ZERO[[tagnumber 13]] [[tagnumber 12]]net loss: $3.5 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, there were some good news that helped push [[tagnumber 6]]PPCH[[tagnumber 7]] up the charts recently. The company announced that it has filed two more patents for its cancer treatment on April 19, which caused the ticker to embark on a steeper upward climb.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company was even touted by Emerging Growth, among several other stocks yesterday. This led to a 16.99% gain in value and we saw [[tagnumber 6]]PPCH[[tagnumber 7]] finish the session with a price of $0.042. A total of 40.82 million shares changed their owners and generated $1.57 million in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Unfortunately, [[tagnumber 6]]PPCH[[tagnumber 7]] isn’t doing all that well in today’s trading. The ticker is already 9.76% in the red so you better be sure to do your due diligence and weigh out all the risks before putting any money on the line.[[tagnumber 2]]
