Provision Holding Inc (OTCMKTS:PVHO) Regains Some Ground
After a rather bad run in the charts that we saw over the last couple of months Provision Holding Inc (OTCMKTS:PVHO) surged and regained most of the value that it had lost in May. As the company was going up in price we also saw an increase of traded shares.
PVHO has returned to a market cap of more than $20 million, which isn’t so surprising, considering the fact that the company isn’t doing all that badly. After all, the numbers that we find in the balance sheet for the first quarter of the year look far better than those we are used to see in entities with such market valuations.
- cash: $2.01 million
- current assets: $3.97 million
- current liabilities: $7.97 million
- quarterly revenues: $2.02 million
- quarterly net loss: $913 thousand
The company has also tried to generate investor confidence with regular press releases, so the upward rush from last week wasn’t that surprising. The company stock did, however, correct in the final session before the weekend, losing 15.11% of its value.
PVHO issued another press release yesterday that managed to push the stock’s price 13.64% up. The ticker closed at $0.30 as a total of 701 thousand shares changed their owners and generated $202 thousand in daily dollar volume.
The company stock seems a bit more stable in today’s trading, but you should still do your due diligence and weigh out the risks before putting any money on the line.
