How Long Can Provision Holding Inc (OTCMKTS:PVHO) Climb?
tags: PVHO
The stock of Provision Holding Inc (OTCMKTS:PVHO) had been stuck right below the 25 cent per share mark in the beginning of this month and recorded rather small daily volumes. By the end of last week, however, things had changed and we saw the ticker head in an upward direction.
The reason for the climb was an announcement made by PVHO that informed everyone that the company has been chosen by a major pharmaceutical company for a national advertising and promotional campaign. Of course, major pharma means major money, so investors got pretty excited.
Meanwhile, the company’s market cap wasn’t that big and it had decent support from its latest financial filing which contained the following numbers of prime interest.
- cash: $2.01 million
- current assets: $3.97 million
- current liabilities: $7.97 million
- revenues: $2.02 million
- net loss: $9.13 thousand
Those numbers look pretty decent, but we shouldn’t forget that PVHO had to issue some notes that carried quite big discounts upon conversion into common shares in order to become more financially stable.
Still, the company seems to be adding more clients looking for advertisement at its 3D Savings Center kiosks. Yesterday it announced that AQUAhydrate has also started an advertising campaign with them and the ticker went up another 7.51%, climbing to a close at $0.31 per share.
It seems, however, that PVHO’s upward run has come to an end and the ticker is already 10.35% in the red as of the writing of this article. In any case, you should be sure to do your due diligence and weigh out all the risks before putting any money on the line.
