Rock Creek Pharmaceuticals Inc (OTCMKTS:RCPI) Doing Worse Than Ever
While the downward slide of Rock Creek Pharmaceutical Inc (OTCMKTS:RCPI) wasn’t that steep in the first quarter of the year it suddenly became horrible and the company stock has been having a lot of trouble lately.
The market cap of the company is really small, even by OTC standards and it sits at around $200 thousand at this point in time. This, however, isn’t that surprising, as the financials of the company, according to its report covering the first quarter of the year, are also quite terrifying.
- cash: $552 thousand
- current assets: $1.1 million
- current liabilities: $21.83 million
- revenues: ZERO
- net loss: $2.69 million
These are pretty horrible, even for an OTC marketplace company. And while they have had their fair share in pushing the stock down to rock bottom it doesn’t seem like the sliding of RCPI is over.
The company has closed the last six consecutive sessions in the red and dropped to $0.009 after yesterday’s 16.36% loss. There were a total of 18 million shares that changed their owners, which generated $173 thousand in daily dollar volume, which suggests that RCPI’s outstanding share count might have increased in the past couple of months.
The ticker doesn’t seem too keen on reversing its direction and has already dropped to a price of $0.0087 per share as of the writing of this article. In any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.
