Cardinal Resources Inc (OTCBB:CDNL) Continues To Fall

[[tagnumber 0]][[tagnumber 1]]After Cardinal Resources Inc (OTCBB:CDNL) fell below 1 cent per share in the end of last month we saw it reach new lows. The ticker did manage to run up and attempt to regain some of the lost value this month, but the positive movement was short–lived and turned pretty sour, pretty fast.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]There were some certain people and outlets that did try to boost investor confidence, but they received certain incentives to do so. Meanwhile, we see that the touting of the stock hasn’t worked out very well. One of the reasons for this, of course, are the numbers contained in the company’s latest financial report.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $50 thousand[[tagnumber 11]] [[tagnumber 10]]current assets: $320 thousand[[tagnumber 11]] [[tagnumber 10]]current liabilities: $2.72 million[[tagnumber 11]] [[tagnumber 10]]quarterly revenues: $227 thousand[[tagnumber 11]] [[tagnumber 10]]quarterly net loss: $371 thousand[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those certainly don’t look good, but [[tagnumber 24]]CDNL’s[[tagnumber 25]] market cap is already quite low, compared to other OTC marketplace listed companies that have far less to offer. Still, that didn’t stop the ticker from sliding a further 21.15% down the charts in Friday’s session. As [[tagnumber 24]]CDNL[[tagnumber 25]] went for a close at $0.0041 we saw a total of 24.5 million shares change their owners and generate $93 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This week has also started rather badly and we may see [[tagnumber 24]]CDNL[[tagnumber 25]] drop further down the charts. Be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]