Eventure Interactive Inc (OTCBB:EVTI) Tries To Regain Lost Positions Again

[[tagnumber 0]][[tagnumber 1]]The stock of Eventure Interactive Inc (OTCBB:EVTI) was barely traded throughout the first half of the year, but as its descent became steeper and steeper in the June and July so far the daily volumes suddenly increased.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The declining price wasn’t the only thing responsible for the increased trading. Stock commenters such as Coral Gables and traders350 also covered the ticker which added to the publicity. Unfortunately, the company itself is in a dire state and it will be hard for [[tagnumber 6]]EVTI[[tagnumber 7]] to handle the attention. A quick look at the numbers contained in the company’s Q1 filing reveals what we are talking about.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $1 thousand[[tagnumber 13]] [[tagnumber 12]]total assets: $76 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $2.2 million[[tagnumber 13]] [[tagnumber 12]]revenues: ZERO[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $4.3 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Evidently, those are some pretty horrific numbers, but the market cap of [[tagnumber 6]]EVTI[[tagnumber 7]] isn’t that big either. Still, it is understandable why people are not impressed with the company and why the stock’s performance has been the way it is.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Last week the ticker managed to secure two sessions in the green, but quickly turned back down again, sliding to a new 52–week low of $0.0036 after a 33.33% loss in Friday’s session. A positive press release from yesterday provided for some uplift and we saw [[tagnumber 6]]EVTI[[tagnumber 7]] gain 11.11% and close at $0.004 on a $154 thousand daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today, however, we see that the company stock is doing badly once again and might very well continue to close in the red. Doing your due diligence and weighing out the risks is absolutely crucial, especially dealing with volatile stocks.[[tagnumber 2]]