Agrieuro Corp. (OTCBB:EURI) Can’t Be Stopped
Agrieuro Corp. (OTCBB:EURI) added another 27.27% to its market value in yesterday’s session – but how long can it keep its pace up?
Today’s slow start suggests that it may not be able to do so much longer. But would that be any wonder?
After all, we’re still talking about a ticker that barely saw any trade a week ago. True, that research report published by Trader’s Choice did miracles for the stock’s liquidity. Unfortunately, experience teaches that OTC Markets miracles tend not to last.
Which means that once the hype in the wake of the report is a thing of the past, the company will be left with nothing but its mediocre financials to dictate the road it will take.
And, suffice it to say that when this happens, the charts may begin to look a lot worse for wear, and the reason for that is simple – there’s barely anything in EURI‘s reports that bodes well:
- Cash and cash equivalents – $12 thousand
- Total Current Assets – $187 thousand
- Total Current Liabilities – $1.8 MILLION
- Quarterly Revenues – $151 thousand
- Quarterly Net Loss – $95 thousand
According to the quoted report, not only does the company lack the assets to create any real investor value, but it is burdened with $1.7 MILLION worth of debt that converts at undisclosed rates, and may well end up being extremely toxic.
Now, it goes without saying that all of these red flags don’t necessarily mean that there is no money to be made out of trading EURI stock. What it does mean is that investors will need to be extra diligent and vigilant if they wish to do so, because even if there’s no telling when things may go sour with this ticker, there are enough solid indicators that suggest that this may happen sooner than most would like to believe.
