Propanc Health Group Corp (OTCMKTS:PPCH) Goes Up On News

[[tagnumber 0]][[tagnumber 1]]Propanc Health Group Corp (OTCMKTS:PPCH) had been sliding during the first couple of months of this year and threatened to drop below the 1 cent per share mark in the end of February. Things quickly changed and [[tagnumber 2]]PPCH[[tagnumber 3]] began climbing, gaining impressive altitude in a short matter of time.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]It did manage to return to the levels it had in the beginning of December and go a bit further up the charts, but quickly correction. Still, most of the value that [[tagnumber 2]]PPCH[[tagnumber 3]] had gained was preserved. One of the reasons for this might be the low market cap and decent financials that not many other OTC biotechs have.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 13]] [[tagnumber 14]]cash: $1.1 million[[tagnumber 15]] [[tagnumber 14]]current assets: $1.5 million[[tagnumber 15]] [[tagnumber 14]]current liabilities: $4.8 million[[tagnumber 15]] [[tagnumber 14]]revenues: ZERO[[tagnumber 15]] [[tagnumber 14]]net loss: $3.5 million[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Not that bad, considering the market cap of the company sits below $15 million. Furthermore, there have been some good news coming from company HQ lately. Yesterday [[tagnumber 2]]PPCH[[tagnumber 3]] announced that it has filed two new patent applications in the U.S. for its PRP cancer–treatment product.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]The news were received well by investors and we saw [[tagnumber 2]]PPCH[[tagnumber 3]] gain 8.54% and close at $0.0305. A total of 17.52 million shares changed their owners during the session and managed to generate $542 thousand in daily dollar volume.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Although the news and the performance from yesterday were promising we see that [[tagnumber 2]]PPCH[[tagnumber 3]] is reluctant to go further up the charts in today’s trading. Considering the small market cap and the financial state [[tagnumber 2]]PPCH[[tagnumber 3]] should be looked at as a long term investment. Still, you should be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 4]]