Propanc Health Group Corp (OTCMKTS:PPCH) Making A Recovery

[[tagnumber 0]][[tagnumber 1]]The stock of Propanc Health Gorup Corp (OTCMKTS:PPCH) has had a decent run since the beginning of the year and people who got in at the end of 2014 are reaping quite the profits. That is even after the not–so–good performance that we saw from the ticker in this month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The performance, however, wasn’t that surprising. [[tagnumber 6]]PPCH[[tagnumber 7]] is a biotech company that is still in the stage of animal trials, so it will be a long time until we see any potential revenue–generating products from them. Meanwhile, the numbers in the company’s balance sheet have not been very promising, compared to other OTC biotech companies. Here is an example from their Q1 report.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $168 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $308 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $2.16 million[[tagnumber 13]] [[tagnumber 12]]revenue: ZERO (since inception)[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $454 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Despite all this we see that [[tagnumber 6]]PPCH[[tagnumber 7]] has managed to recover in the past few sessions. After the company stock dropped 18.29% in Monday’s session we saw them being touted by The Wealthy Biotech Traded whose parent company is being compensated $60 thousand by [[tagnumber 6]]PPCH[[tagnumber 7]] in the form of a convertible note as well as being paid another $5 thousand per month for the promotional effort.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This led to some green closes and we saw [[tagnumber 6]]PPCH[[tagnumber 7]] gain 11.11% in yesterday’s session, closing at $0.04. A total of 8.4 million shares were traded and generated $332 thousand in daily dollar volume, which showed some heightened investor attention.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It seems that the pump–induced hype, however, is gone and [[tagnumber 6]]PPCH[[tagnumber 7]] is trading 4.50% in the red as of the writing of this article, so you should be sure to weigh out all the risks that we have previously talked about before putting any money on the line.[[tagnumber 2]]