Marina Biotech, Inc. (OTCMKTS:MRNA) Surges For No Apparent Reason

[[tagnumber 0]][[tagnumber 1]]Marina Biotech, Inc. (OTCMKTS:MRNA) has been slowly sliding down the charts for quite some time now and it seemed like it could easily sink below the quarter of a dollar per share mark any time soon.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Trading was rather slow and [[tagnumber 6]]MRNA[[tagnumber 7]] rarely recorded any daily dollar volume upward of $10 thousand, which is one of the reasons why we haven’t covered in a while. Recently, the company issued its financial report for the third quarter of the year, which doesn’t exactly inspire that much confidence.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $1.31 million[[tagnumber 13]] [[tagnumber 12]]current assets: $1.37 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $2.49 million[[tagnumber 13]] [[tagnumber 12]]revenues: $80 thousand[[tagnumber 13]] [[tagnumber 12]]loss from operations: $1.03 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Things do look better in some departments. The company has once again registered revenues, although they are very small. We see that the liabilities have increased, which is not very good. Still, [[tagnumber 6]]MRNA’s[[tagnumber 7]] market cap is not that big compared to other OTC listed entities that have far less to show.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This might be the reason for yesterday’s sudden burst that came out of nowhere. We were only reminded of the financial report for the third quarter that was issued last month, but we saw [[tagnumber 6]]MRNA[[tagnumber 7]] gain some 40.35% in value and close the sessions at $0.40, while a total of 1.22 million traded shares generated $496 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It appears, however, that [[tagnumber 6]]MRNA[[tagnumber 7]] has gotten quite volatile. The ticker is already violently correcting in today’s session and is sitting 20.50% in the red as of the writing of this article. You should be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]