Applied Minerals Inc (OTCMKTS:AMNL) Surging On News

[[tagnumber 0]][[tagnumber 1]]After a long period of descending that lasted several months we saw the stock of Applied Minerals Inc (OTCMKTS:AMNL) almost drop below the 15 cent per share mark in the final sessions of the past month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After that happened [[tagnumber 6]]AMNL[[tagnumber 7]] came out with several optimistic press releases which we discussed in our previous article, that managed to push the ticker and it gained quite a lot of altitude in a short amount of time. The ascent was short–lived, however, and the ticker began to hesitate around the 35 cent per share mark, which was understandable looking at the latest financial results that [[tagnumber 6]]AMNL[[tagnumber 7]] had to offer.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: $3.71 million[[tagnumber 15]] [[tagnumber 14]]current assets: $3.83 million[[tagnumber 15]] [[tagnumber 14]]current liabilities: $2 million[[tagnumber 15]] [[tagnumber 14]]quarterly revenues: $43 thousand[[tagnumber 15]] [[tagnumber 14]]operating loss: $2.41 million[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]While we see a pretty decent amount of cash on hand and assets we also see that the revenues of the company aren’t that impressive. On the good note, the cash has gone up by a little and a portion of the liabilities has disappeared. The company also seems to be making progress in revenues year–over–year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]These are just some of the reasons why after a few more optimistic press releases we saw [[tagnumber 6]]AMNL [[tagnumber 7]]climb further up the charts in the past couple of sessions. The company stock managed to gain 16.22% yesterday and closed at $0.43 while a total of 403 thousand traded shares generated $161 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, it seems like the week will end rather slow for [[tagnumber 6]]AMNL.[[tagnumber 7]] Today doesn’t seem like it will bring a lot of trading for the ticker and it has yet to move in price. Do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]