Enservco Corp. (OTCBB:ENSV) On The Rise
Enservco Corp. (OTCBB:ENSV)’s past week on the stock market didn’t go very well. They didn’t start this one promising either, with a loss of 3%, however, yesterday’s session was a different story and they are continuing their climb today.
The fall of ENSV came after the end of their lates promotional campaign when the last email was sent on August 13 and even though their financial report was promising the company’s stock couldn’t start moving in a positive direction until yesterday.
Not only did their price go up, but the volume jumped more than 10 times their average. They gapped up and opened at $1.27, but the huge amount of traded stock in the early minutes brought the price as low as $1.19. After trading quieted down the stock’s price started moving up and they managed to close the day with a gain in price of 8.80%.
The total amount of shares that switched hands in the end of the day came at 541 thousand and combined with the jump in price it generated $662 thousand in trade value for the day. It seems that some people were finally impressed with their latest quarterly report and have decided that the stock is worth its price. Let’s take a look at the numbers of prime interest from it and see if they are to your liking.
- cash: $5.7 million
- total current assets: $12 million
- total current liabilities: $4.7 million
- total liabilities: $16 million
- revenues: $7.9 million
- net income $190 thousand
As you can see they are one of the rare companies in the OTC Markets that are actually operating at a profit, which is a good sign. However, the profit seems a bit small considering all the money and effort that was put in to make it. In any case be sure to do your due diligence and weigh out the risks before deciding to take advantage of the stock of ENSV.
Another company that started climbing the charts recently is E-Waste Systems, Inc. (OTCMKTS:EWSI), who gained a whopping 323% since the beginning of the month as per their yesterday close at $0.061. Today’s session however isn’t going that well as they lost some of their value and are currently priced at $0.057 per share.
On the other hand Xumanii, Inc. (OTCMKTS:XUII) is continuing its downfall and thei stock is currently nested at $0.03.
