Easton Pharmaceuticals, Inc. (OTCMKTS:EAPH) Bounces Off Recent Lows

Easton Pharmaceuticals, Inc. (OTCMKTS:EAPH) managed to attract investors again as the recent valley in price was seen as a buying opportunity. While still far from its record daily climbs, EAPH added 45% to $0.0128, on buying volumes above $872,000. EAPH lagged behind for a while as the medical marijuana sector fizzled out very quickly, with only one week of wild profits, followed by corrections or crashes.

For now, investors’ forums are optimistic about EAPH, seeing a viable price of five cents. EAPH boosted that confidence with a recent press release outlining its plans to expand medical cannabis technologies. But the PR is strangely unspecific, citing still ongoing negotiations with a Canada-based marijuana company. The immediate plan for EAPH is to apply for a grower and distributor license for the Canadian market. So far, both EAPH and the Canadian partner claim they want to remain confident on the details, to avoid damage to their chance of success.

While cannabis stocks fall easily, they also react well to positive news. Now, the sector is awaiting a banking law change that will smooth out transactions, as until now banks could not freely operate the accounts of marijuana companies. Any updates and news could boost EAPH or other selections.

EAPH has extra red flags in that it is a longer-term health product producer, with interests in Mexican clinics of dubious medical quality. And being recently a double-zero stock, recently promoted, means that this ticker is seriously threatened with even deeper setbacks.

EAPH has uncovered financials that are yet to be improved by the sales of cannabis in the future:

• cash: $95 thousand

• total current assets: $208 thousand

• total current liabilities: $406 thousand

• revenues: $0

• net loss: $47 thousand

If you are looking for a similar pattern, Latteno Foods Corp. (OTCMKTS:LATF) is fighting for a price range ten times lower. LATF is still hanging onto the $0.001 levels, not sinking to its usual triple-zero position. LATF also has the potential for good days, due to its low price, but in the past the ticker has lived through promotions, followed by crashes. For LATF, not even the marijuana boom at the beginning of the year was enough to ensure a better price position.

At a higher price range, Vape Holdings, Inc. (OTCMKTS:PLPED) is giving some hopes of movement, as it mostly sank from a post-split $30 price to less than $10. Now, PLPED rises in expectation of its new ticker, adding a bit to reach $8.99.

The medical marijuana sector certainly did not create wealth, as the run was short-lived and followed by a quick reversal. If you still choose to join any of the trends, avoid investing unless you can afford to lose your money in part or in whole.