PetroTerra Corp. (OTCMKTS:PTRA) Drops Once Again

[[tagnumber 0]][[tagnumber 1]]PetroTerra Corp. (OTCMKTS:PTRA) awoke from a long period of slumber and dashed up the charts in the middle of last month, reaching prices above the $1.50 per share mark. Volumes became far bigger than the usual, but things quieted down as the ticker began to slide.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After becoming a bit more stable in the second half of last month and the first few sessions of this we saw the quarterly report of the company for the third quarter of the year. It contained the following numbers of prime interest.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $20 thousand[[tagnumber 11]] [[tagnumber 10]]current liabilities: $133 thousand[[tagnumber 11]] [[tagnumber 10]]quarterly revenues: ZERO[[tagnumber 11]] [[tagnumber 10]]quarterly net loss: $143 thousand[[tagnumber 11]] [[tagnumber 18]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Certainly not the numbers that would inspire investor confidence and this was evident by the market reaction that [[tagnumber 22]]PTRA[[tagnumber 23]] received after filing the report. The ticker plummeted in the charts and then tried to stabilize around the $0.40 per share mark.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, the company was issuing press releases and the stock was even touted by Trader’s Choice several times. Still, this didn’t work for [[tagnumber 22]]PTRA[[tagnumber 23]] and we saw the ticker slide another 13.51% down and close at $0.32 yesterday, as a total of 578 thousand shares changed their owners and generated $188 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see the ticker making attempts to regain some lost value in today’s trading, but be certain that you should do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]