MultiCorp, Inc. (OTCMKTS:MULI) Starts Week at the Top of a Rise
MultiCorp, Inc. (OTCMKTS:MULI) is another relentless climber in the sector of small cap companies dealing in oil and gas. The ticker reached $1.24 after inching up 2.4% on Friday, hanging in the balance in the wake of a new opening. The company was promoted for the last time on June 6th, survive the pre-weekend fall well and held the trend. Still, a previous steep climb easily seen on the graph ended with a deep correction within one trading session. 
On the press release stage, MULI is also quiet for a few days, relying on its last message that it engaged New Mexico authorities about upcoming oil drilling. The financial situation remains worrying:
- Cash: $0
- Intangible assets: $123 thousand
- Current liabilities: $476 thousand
- Revenue since inception: $0
- Net loss: $276 thousand
The pumpers, David Cohen and Stock Digest Report, rely on the ability of MULI to rebounce, being attractive enough and with healthy volumes. The ticker is also helped by the general trend among penny stocks- a rise in oil and gas tickers, in response to the fracking an oil sands boom.
With an ongoing promotion, MULI may be mentioned again in the next few days, extending the active period another week. So far, the best-compensated pumper, SIRI.BIZ is mostly silent, although a campaign for $1.2 million should have been a bit longer. The pumper mostly creates short-term hype around the ticker, mentioning the possibility for a steep rise at any moment.
StockDigest Report holds lesser promotions, only mentioning MULI for free to improve its record. Its other longer-term selection, Crown Marketing, Inc. (OTCMKTS:CWNM) has been moving up and down with more surprising changes in direction, a not unusual feat when it comes to a stock worth below 5 cents.
While MULI sounds grandiose on its drilling program promises, the earnings are still a thing of the future. So far, the recent promotion gives enough support, but it is best to do your own research and decide if the correction risk is worth it.
