Provision Holding Inc (OTCMKTS:PVHO) Sliding Down
[[tagnumber 0]][[tagnumber 1]]This year started off rather slow for Provision Holding Inc (OTCMKTS:PVHO), but as February came we saw the company stock begin to climb the charts. [[tagnumber 2]]PVHO[[tagnumber 3]] made impressive gains and we also saw the daily volumes increase significantly.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]The company’s current market cap sits right below $20 million, which isn’t that big compared to other companies that have less to offer. Here is a quick look at some of the numbers of prime interest contained in the company’s balance sheet at the end of the fourth quarter of last year.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 11]] [[tagnumber 12]]cash: $2.86 million[[tagnumber 13]] [[tagnumber 12]]current assets: $4.58 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $8.36 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $2.2 million[[tagnumber 13]] [[tagnumber 12]]net loss: $600 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]These numbers are certainly not that bad, especially for an OTC entity. That, however, hasn’t stopped [[tagnumber 2]]PVHO[[tagnumber 3]] from sliding down the charts recently. One of the reasons for this might be the lack of new press releases after the previous climb that the company stock experienced in the middle of last month.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Not only that, but [[tagnumber 2]]PVHO[[tagnumber 3]] seems to be gathering downward momentum recently. Yesterday’s session finished with a 10.53% loss. [[tagnumber 2]]PVHO[[tagnumber 3]] was sitting at $0.255 by the final bell and the 2.39 million shares that changed their owners had managed to generate $598 thousand in daily dollar volume.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]][[tagnumber 2]]PVHO[[tagnumber 3]] is doing even worse today and we see the ticker is already 13.61% down as of the writing of this article. In any case, you should do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 4]]
