DHS Holding Co. (OTCMKTS:DHSM) Livens Up On Optimistic News
The last time we wrote about DHS Holding Co. (OTCMKTS:DHSM) was in May when there was some interesting movement, but the ticker wasn’t attracting investor interest after that. Yesterday, however, begs to differ as the trade volume of DHSM stock exploded and they gained some value.
The optimistic press release that DHSM made yesterday seems to have done its job, as it attracted quite a lot of attention after the long period in which it seemed like the ticker was forgotten. The company’s stock moved up 11.11% on a volume that was more than 10 times their average of 32 million shares.
As the price moved from $0.0009 to $0.001 the total amount of shares that switched hands came to 395 million. This in term generated the biggest trade value that the company has had since the beginning of the year, which totaled $378 thousand. This seems to be a consequence of the fresh news from the company, which was quiet about their affairs for over 2 months.
The June 3 press release in which DHSM were speaking about the success of their new marketing campaign didn’t do much for their stock. The one from yesterday, however, managed to draw investor attention to the stock even though the information contained in it wasn’t really that much. Probably the most appealing part of the press release was the title.
By the words of DHSM the marketing campaign is paying of, but let’s see what exactly do they have according to the quarterly report covering the period ended March 31, filed under the alternative reporting standard in the OTC Markets.
- cash: $0
- current assets: $0
- total liabilities: $1.3 million
- income: $0
- net loss: $344 thousand
As you see the situation in the company isn’t rosy at all. There are just to many zeros in the report and we are impatiently waiting for the one covering Q2 to surface and show us what the most recent results are.
For now DHSM remains a risky investment choice, so we advise you to do a lot of due diligence and be prepared to take a great risk if you have your mind set on investing in the company’s stock.
Yesterday we saw some big percentile movement from one of the tickers that recently gained some investor attention, as Amanasu Technologies Holdings Corp. (OTCMKTS:ANSU) gained 76% in value and closed at $0.53 with a volume of 1 million traded shares and a trade value that amounted to $561 thousand.
On the other hand Cereplast Inc (OTCMKTS:CERP) lost 24% after 3 days in the green and closed at $0.0211, with a volume that surpassed their average again. The total amount of traded shares came at 57 million, which generated a trade value of $1.3 million.
