Agrieuro Corp (OTCBB:EURI) Flies Higher On Pump Alerts

On November 10 Agrieuro Corp (OTCMKTS:EURI) reached a new 52-weeks high of $0.79 per share. An impressive feat for a stock that a couple of weeks ago was sitting at $0.39 while registering multiple sessions in a row of absolutely no trading. The problem, however, is that the main reason for EURI‘s positive chart performance was a paid pump.

An entity called Design Holdings has been paying some serious sums to a group of pump newsletters in order to create as much artificial hype as possible. And it seems that the constant pumping is working because after almost crashing back down its pre-pump prices EURI is now once more climbing upwards. Yesterday the company added over 19% to their value and closed at $0.574.

Before the start of today’s trading all four of the newsletters involved in the pump issued an email alert. As we said earlier Finest Penny Stocks, Best American Stocks, Smart Stock Choices and Smart Stock Winners are getting some pretty sizable compensation ranging from $100 thousand to $200 thousand. For how long will they be able to sustain the hype this time though?

EURI is simply riddled with red flags. The company’s financial state is atrocious – for the quarter ended September 30 they reported the following results:

• $13 thousand cash
• $187 thousand total current assets
• $1.8 million total current liabilities
• $151 thousand revenues
• $96 thousand net loss

For 2015 this was the first quarter during which EURI generated any revenues. Through the sale of the last of its reed inventory the company expects to receive another $40 thousand by the end of the year. You must ask yourselves the question – “Is this enough to justify EURI‘s current market cap of over $146 million?”

So, EURI is pennystock company that is currently being pumped, it has depressing financials and an overly inflated valuation. Investors should also keep in mind however that there are 84 million extremely underpriced shares that could find their way to the open market. As we have been warning you for quite a while EURI sold 2.1 million shares to some unnamed investors at a price of $0.01 per share. In September a 40-for-1 forward split turned those shares into 84 million. The increased interest generated by the pump could allow the owners of these shares to sell them on the open market reaping millions in profits in the process.