Golden Edge Entertainment Inc (OTCMKTS:GDEE) Keeps Ascending
tags: GDEE
Golden Edge Entertainment Inc (OTCMKTS:GDEE) had failed to capture investor attention for quite a while. That, however, rapidly changed in the end of last month when the ticker began climbing the charts on increased volumes.
By now, GDEE has managed to close eight consecutive sessions in the green and add a total of 266% to its value. The positive sentiment towards the company stock is rather strange, considering the fact that its financial state is rather poor, according to its report covering the first quarter of the year.
- total assets: $6,792
- total liabilities: $90,592
- quarterly revenues: ZERO
- quarterly net loss: $25,723
Those numbers are pretty disappointing and it’s a miracle that GDEE has managed to push its market cap all the way above the $20 million mark. This has happened with barely any press releases for this whole time and the momentum of the company stock has been pretty serious, despite this.
Meanwhile, the company has been touted by Wonder Penny Stocks, who received $8 thousand for their efforts. The latest session ended with another 18.10% gain and we saw the ticker finish at $1.32 yesterday. A total of 128 thousand traded shares generated $169 thousand in daily dollar volume.
We see that GDEE is ascending the charts firmly. The ticker is already 29.93% up in today’s trading, but you should still be sure to do your due diligence before putting any money on the line, especially considering the red flags surrounding it.
