Blue Calypso Inc (OTCMKTS:BCYP) Surges Out Of Nowhere
Last month went pretty terribly for the stock of Blue Calypso Inc (OTCMKTS:BCYP). The ticker lost a massive amount of its value over a very short period of time and reached a new 52-week low of $0.67 per share on May 20.
The company didn’t seem to put any effort into helping its stock recovered and there were no press releases, apart from the announcement of the filing of BCYP’s financial report for the first quarter of the year, which contained the following numbers of prime interest in its balance sheet.
- cash: $212 thousand
- current assets: $647 thousand
- current liabilities: $248 thousand
- revenues: $263 thousand
- net loss: $884 thousand
Those numbers are far from flattering, but we can’t ignore the fact that the revenues have gone up significantly on a year-over-year basis. Unfortunately, so has the net loss and the most positive thing that we can make out is the fact that BCYP managed to finish the quarter with no outstanding convertible notes, something we rarely see on the OTC marketplace.
And while the company hasn’t been too busy restoring investor confidence we do see that BCYP is making attempts at recovery on its own. Yesterday the ticker surged 38.36% up the charts out of nowhere and closed at $1.01. A total of 285 thousand shares changed their owners, generating $193 thousand in daily dollar volume.
BCYP, however, seems to be going nowhere in today’s trading. In any case, you should be sure to do your due diligence and weigh out the risks before putting any money on the line.
