Amarium Technologies, Inc. (OTCMKTS:AMMG) Maintains Its Price
On Friday Amarium Technologies, Inc. (OTCMKTS:AMMG) took a tumble and slid back to $0.54 per share. For most of the session the stock had consolidated on $0.56 but an hour before the closing bell it started dropping. Ultimately the setback was rather minor – less than a percent lower than the previous day.
The stock is trying to once again reach its all time high of $0.59 from earlier this month and for now they are keeping quite close to it despite all the red flags around the company. As we informed you in our previous articles they have a landing page created by StockTips for $25 thousand according to the disclaimer. Last Thursday they received further boost by the pumper Financial News Media who sent out a couple of email alerts for a compensation of $4500.
On the same day AMMG themselves decided to issue another press release. Apparently they entered into an agreement with Minera Cobre SA de CV in order to buy 50,000 tonnes of high-grade ore over the next two years. No further details were given and even Google couldn’t find more about Minera Cobre. Which seems to happen a lot with the companies AMMG makes deals with like Anglo-Asia Resource Partners and Minerales Consolidados S.A. de C.V.
Their fundamentals are also a cause for concern. They finished the quarter ending June 30 with:
- $451 thousand cash and total current assets
- $932 thousand total current liabilities
- ZERO revenues
- $100 thousand net loss
Keep in mind that their headquarters appear to be a virtual office. It is best to do your own research regarding AMMG and decide on appropriate time horizons for your investment.
Just before the weekend the stock of Biozone Pharmaceuticals, Inc. (OTCBB:BZNE) burst onto the scene and placed among the top traded stocks by adding 16% to its value and closing just shy of 80 cents. Soul and Vibe Interactive Inc. (OTCBB:SOUL) also had a bit of a resurgence after a $25 thousand pump started touting their stock.
