Barfresh Food Group Inc (OTCMKTS:BRFH) Still Climbing The Charts

[[tagnumber 0]][[tagnumber 1]]After some steady sliding down the charts throughout most of this year we saw Barfresh Food Group Inc (OTCMKTS:BRFH) suddenly burst up the charts in the end of last month. The reason behind the sudden upward movement was a press release concerning a sales agreement with PepsiCo North America.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Although being highly illiquid the volumes of the company stock suddenly started to increase. This isn’t something surprising when you consider the fact that we are speaking of a deal with one of the biggest companies in the beverage industry. BRFH also has a pretty decent balance sheet for a company traded on the OTC marketplace. It recorded the following numbers in its report for the second quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $3.5 million[[tagnumber 11]] [[tagnumber 10]]current assets: $3.9 million[[tagnumber 11]] [[tagnumber 10]]current liabilities: $1.43 million[[tagnumber 11]] [[tagnumber 10]]revenues: $169 thousand[[tagnumber 11]] [[tagnumber 10]]net loss: $1.7 million[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company kept on with the positive press releases in the following sessions and the ticker continued to climb. The start of this week was marked by a 14.48% increase and [[tagnumber 24]]BRFH[[tagnumber 25]] closed yesterday’s session with a price of $0.83 per share, while the 824 thousand shares that changed their owners generated $689 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see that [[tagnumber 24]]BRFH[[tagnumber 25]] is a bit more hesitant in today’s trading, but the ticker might still finish the session in the green. Doing your due diligence and weigh out the risks before putting any money on the line, however, is crucial.[[tagnumber 2]]