Calissio Resources Group Inc. (OTCMKTS:CRGP) Explodes After Filing Quarterly
Yesterday, Calissio Resources Group Inc. (OTCMKTS:CRGP) exploded up the charts as the market reacted to the awesome numbers in the company’s latest financial report, as well as an optimistic announcement.
It should be obvious how news of the distribution of cash and stock dividends among CRGP shareholders, as well as of the repurchasing of large amounts of common stock by the company drew the investors’ attention in a good way.
The first detail says quite a lot about the progress that the company has made in the last quarter, and the second one suggests that CRGP is willing to make amends for the horrible things it has done to investor value over the years through stock issuance shenanigans.
The fact that there are now just 129 million shares of CRGP stock remaining in circulation, whereas less than ten days ago that number was as large as 319 million, speaks volumes in and of itself. True, this number is still hideously bloated in comparison with what CRGP had immediately after its reverse split at the end of 2014, but the determination that the company demonstrates in this particular instance is certainly admirable.
And speaking of admirable, the financials found in CRGP‘s latest quarterly report could certainly be called that:
- Cash – $8.6 million
- Total Current Assets – $10.4 million
- Total Current Liabilities – $909 thousand
- Total Mine & Mill Revenue – $8.9 million
- Net Income – $3.8 million
Long story short – CRGP presented investors with a couple of pleasant surprises all at once, and as a result the ticker is now climbing the charts. Unless something goes terribly wrong in the next couple of sessions, it wouldn’t really be surprising to see it continue its course.
