Valmie Resources Inc (OTCMKTS:VMRI) Continues To Climb
Valmie Resources Inc (OTCMKTS:VMRI) has had a pretty impressive year so far. The ticker has managed to gain a lot of altitude and keep most of it. The volumes in the past couple of months have also increased significantly.
This is all rather strange, especially when you consider the fact that the company’s market cap has already climbed above $130 million. This is simply huge for an OTC entity bearing the skull & crossbones sign and having the following numbers in its latest financial report.
- cash: $24 thousand
- total assets: $58 thousand
- total liabilities: $268 thousand
- revenues: ZERO
- net loss: $83 thousand
This is simply ridiculous, but it doesn’t seem to bother VMRI. The company experienced some serious corrections recently, but began climbing the charts once again and has already recorded the past six consecutive sessions in the green.
It ended last week with another 9.44% gain, closing at $1.92. A total of 887 thousand traded shares generated $1.7 million in daily dollar volume, making VMRI one of the most heavily traded stocks on the OTC marketplace.
VMRI is keeping its upward direction in today’s session as well, but that doesn’t mean that you should skip doing your due diligence and weighing out the risks before putting any money on the line.