Epic Stores Corp (OTCMKTS:EPSC) Surges While Being Touted

[[tagnumber 0]][[tagnumber 1]]March saw the stock of Epic Stores Corp (OTCMKTS:EPSC) climb the charts, reaching for the $3 per share mark. The daily volumes that the ticker recorded also increased significantly and it was obvious that [[tagnumber 2]]EPSC[[tagnumber 3]] will correct severely sooner rather than later.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]As we mentioned in our previous article there were plenty of reasons for things to unfold in such a manner. The first, and most obvious one, was the numbers that were contained in the company’s balance sheet. Meanwhile, the company issued its financial report for the fiscal 2015 which contained the following.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 11]] [[tagnumber 12]]cash: ZERO[[tagnumber 13]] [[tagnumber 12]]current assets: $110 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $2.96 million[[tagnumber 13]] [[tagnumber 12]]annual revenues: $6.68 million[[tagnumber 13]] [[tagnumber 12]]annual net loss: $6.85 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Those numbers look pretty terrible in the balance sheet of a company worth more than $50 million. That, however, didn’t stop Vista Partners from setting a $2.25 per share price target for [[tagnumber 2]]EPSC[[tagnumber 3]] yesterday.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]This helped the company stock gain 13.56% in yesterday’s trading and [[tagnumber 2]]EPSC[[tagnumber 3]] close at $1.34. A total of 132 thousand traded shares generated $169 thousand in daily dollar volume, the biggest in more than a month.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]So far, [[tagnumber 2]]EPSC[[tagnumber 3]] hasn’t moved in today’s session as there are still no trades. In any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 4]]