Easton Pharmaceuticals, Inc. (OTCMKTS:EAPH) Ends Week on a High Note
Easton Pharmaceuticals, Inc. (OTCMKTS:EAPH) rounded off the week with a successful run in the last two trading days. On Friday, EAPH added a further 20% to $0.0154, on buying volumes of $1.33 million, a bit subdued compared to Thursday’s spike. EAPH is boosted by expectations of this week’s investors’ conference in Washington, DC, and we will have to see if the event has a direct event on the market, or if last week already consumed the news. 
EAPH has not seen a new promotion since January 8th, but has been taken up in another round of enthusiasm surrounding two categories of tickers: pharmaceutical companies and cannabis stocks. Thus, EAPH enjoys the short-term confidence of investors’ forums, with expectations that the run will continue for a while longer. At least for Monday, the expectations are for an extremely successful trading session of further gains. 
The company has a relatively lower number of shares outstanding, which also helps those who decide to hold on for a while longer. With around 244 million shares, and a further 250 million authorized, EAPH is for now not overly diluted, at least for a pink sheet company. As for the financials, while not dismal, they show that EAPH is still miles away from being a robust money-maker with its chosen business model:
- cash: $95 thousand
- total current assets: $208 thousand
- total current liabilities: $406 thousand
- revenues: $0
- net loss: $47 thousand
And the medical marijuana industry is getting boosts from political speeches, even the upcoming State of the Union speech this Tuesday. Any piece of news has the potential to trigger a run upward, though it is questionable if the markets can repeat the exuberance from the beginning of the year.
The other hot pink sheet, GreenGro Technologies, Inc. (OTCMKTS:GRNH) has flattened out for now, leading into the new week without clear momentum. GRNH slowed down to settle around 42 cents after a small drop on Friday.
Terra Tech Corp. (OTCBB:TRTC), the other much-demanded pot stock, picked up well at the end of last week, growing from 30 to 37 cents on two days of buying interest. But the buying and daily gains are much softer now as well.
If you still like EAPH, keep in mind that a price of one cent is extremely reactive to events, and may more easily reflect positive news and developments. Still, EAPH is a newcomer to the sector and will have to prove itself in the next quarters. Avoid investing, unless you can also afford the setbacks that are inherent in such a highly-inflated sector as pot stocks.
