Meta Stat Inc (OTCMKTS:MTST) Moves Up On News

[[tagnumber 0]][[tagnumber 1]]The stock of Meta Stat Inc (OTCMKTS:MTST) is very thinly traded and sways violently in both directions of the chart. Lately, it has managed to gain some ground, but the red sessions are far from over.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]MTST[[tagnumber 7]] is far from impressive. It was pumped earlier this month and the results were virtually none. The company’s financials aren’t that good either. Here is a quick recap of what [[tagnumber 6]]MTST[[tagnumber 7]] had to show at the end of May this year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: $1.03 million[[tagnumber 15]] [[tagnumber 14]]current assets: $1.27 million[[tagnumber 15]] [[tagnumber 14]]current liabilities: $614 thousand[[tagnumber 15]] [[tagnumber 14]]quarterly revenues: ZERO[[tagnumber 15]] [[tagnumber 14]]quarterly net loss: $1.07 million[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Not that impressive for a medical company, even by OTC standards. Still, the management issues regular press releases that seem optimistic. The latest PR also suggests that you should be thrilled by the thought of investing in M[[tagnumber 6]]T[[tagnumber 7]]ST, but the company is still far from producing any revenue–generating product.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]That didn’t stop the ticker from gaining 10.56% in yesterday’s session. As [[tagnumber 6]]MTST[[tagnumber 7]] was going for a close at $0.355 we saw a total of 213 thousand shares change their owners which generated only $76 thousand at those price ranges.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker seems more stable since today’s market open, but looking at its previous past performance we would still consider it a risky play. Do your own due diligence before putting any money on the line.[[tagnumber 2]]