CD International Enterprises Inc. (OTCMKTS:CDII) Goes Ballistic Again

CD International Enterprises Inc. (OTCMKTS:CDII) had two horrible sessions at the end of last week, but the new one seems to be carrying it pretty far up the charts on a decent dollar volume already.

Truth be told, this turn of events is a bit confusing, because the ticker reversed its direction without an obvious cause. There are no new press releases or filings, no significant touting attempts – in other words, nothing obvious that could have triggered another wave of buying. And yet, somehow, that’s exactly what is happening right now.

So is it just a random burst of OTC Markets volatility? Every piece of due diligence available hints tat this is most probably the case. As we’ve said on occasion before, the company’s latest financials, unimpressive as they are, certainly can’t be held accountable for any upward movement whatsoever:

• Cash – $23 thousand
• Total current assets – $1.1 million
• Current liabilities – $7.2 million
• Quarterly revenues – $74 thousand
• Net loss – $2 million

This leads to the conclusion that this is just another baseless hype jump, with all the dangers that represents, and should be treated as such until something happens to verify the announcement that launched CDII up in the first place.

So, to make a long story short, we’re still waiting for that all-important filing that could and probably would either make or break CDII. Investors had better be on their toes until it shows up.