Rainbow Coral Corp (OTCMKTS:RBCC) Goes Sliding Again

[[tagnumber 0]][[tagnumber 1]]The past few months have been very harsh for the stock of Rainbow Coral Corp (OTCMKTS:RBCC). After the ticker reached heights of over $6 per share in the second half of July we saw it quickly turn around and drop to a 52–week low of $0.48 in the middle of this month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This outcome wasn’t surprising. Even though the company had exercised a 1 for 100 reverse split in May it couldn’t maintain such high prices. One of the most obvious reason for this was the numbers that were contained in the balance sheet of [[tagnumber 6]]RBCC’s[[tagnumber 7]] report for the second quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $2,740[[tagnumber 13]] [[tagnumber 12]]current assets: $4,524[[tagnumber 13]] [[tagnumber 12]]current liabilities: $517,798[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $27,683[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $136,929[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Surprisingly enough we saw some very positive movements in the end of the past week and the beginning of this one that led [[tagnumber 6]]RBCC[[tagnumber 7]] above the $1 per share mark once again. Monday’s session saw the ticker close at $1.10 after a gain of 19.55%.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It was obvious that this run will be short–lived and [[tagnumber 6]]RBCC[[tagnumber 7]] slid 10% to a close at $0.99 in yesterday’s trading. A total of 297 thousand shares changed their owners during the session and generated $307 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Overall, [[tagnumber 6]]RBCC[[tagnumber 7]] is a very risky investment choice, especially when you consider the fundamentals. Doing your due diligence and weighing out the risks before putting any money on the line is, once again, crucial.[[tagnumber 2]]