Kirin International Holding Inc (OTCMKTS:KIRI)’s Upward Run Continues

[[tagnumber 0]][[tagnumber 1]]We have seen an impressive performance from Kirin International Holding Inc (OTCMKTS:KIRI)’s stock lately. After an initial burst in the beginning of the year things had calmed down and the ticker was making relatively small percentile movements on average volumes.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]A paid promotion that started on May 13 and ended the next day, however, resulted in some impressive results. Rarely does a pump campaign yield such results, especially when it lasts two days. One thing that might have aided the company stock’s ascent is the financial situation. More recently, [[tagnumber 6]]KIRI [[tagnumber 7]]updated it and now we have the numbers for the first quarter of the year.[[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]] [[tagnumber 7]][[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: $10.21 million[[tagnumber 15]] [[tagnumber 14]]total assets: $363.5 million[[tagnumber 15]] [[tagnumber 14]]total liabilities: $308.43 million[[tagnumber 15]] [[tagnumber 14]]quarterly revenues: $22.03 million[[tagnumber 15]] [[tagnumber 14]]quarterly net loss: $1.45 million[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Undoubtedly, some pretty impressive numbers for an OTC company, even with the fact that the cash reserves have been significantly reduced compared to the end of 2014. In the meantime we see some impressive revenues that have grown by around 3 times compared to the same period last year. The net loss has also been reduced.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And so, after just a single session of hesitation we see that [[tagnumber 6]]KIRI [[tagnumber 7]]is back on its upward course, having recorded the past 4 sessions in the green. Yesterday the ticker made another impressive 49.17% gain and finished the session at $1.35. A total of 178 thousand shares changed their owners generating $214 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Judging by the numbers contained in its quarterly report and the market cap of $27 million we can see [[tagnumber 6]]KIRI [[tagnumber 7]]climb even higher. That, however, doesn’t mean that you should skip on doing your due diligence before making any investment decisions.[[tagnumber 2]]