Alkaline Water Company Inc (OTCMKTS:WTER) Boosted By Q1 Results
[[tagnumber 0]][[tagnumber 1]]The stock of Alkaline Water Company Inc (OTCMKTS:WTER) saw some action in the past months as it began to ascend the charts in June, reached a high of $0.17 per share in early–July and subsequently began to slide down the charts.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It looked like the ticker could drop below the 10 cent per share mark, but [[tagnumber 6]]WTER[[tagnumber 7]] managed to stabilize above it. After the most recent decline from earlier this week we saw the company stock recover once again. The reason for the recovery and the increased volume in yesterday’s session was the filing of the company’s Q1 filing for the fiscal 2016 which contained the following numbers.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $193 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $913 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $1.9 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $1.51 million[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $1.55 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Although increased, the cash reserves and the current assets are still not that impressive. The current liabilities have also gone up by 35% which is never a good sign. On the other hand, the revenues have increased by an impressive 163% while the net loss has been reduced by 36% compared to the same quarter last year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This led to a healthy gain of 9.32% yesterday and we saw [[tagnumber 6]]WTER[[tagnumber 7]] close at $0.115 after reaching a low of the day below the 10 cent mark. The volume was more than double the average and the 1.66 million shares that changed their owners generated $172 thousand in daily trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]WTER[[tagnumber 7]] hasn’t moved a lot in today’s session so we might not see a continued climb. In any case, you should always do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]
