Stevia First Corp (OTCMKTS:STVF) Continues To Climb The Charts

[[tagnumber 0]][[tagnumber 1]]Last month started rather badly for the stock of Stevia First Corp (OTCMKTS:STVF) as the ticker embarked on a steep descent. The company stock hit a new 52–week low and closed at a price of $0.091 per share on August 24.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]More recently, however, we see that [[tagnumber 6]]STVF[[tagnumber 7]] has been able to regain some of the lost value. One of the reasons for which the ticker was capable of climbing in the first place is the fact that the report for the second quarter of the year doesn’t look that bad.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $1.19 million[[tagnumber 13]] [[tagnumber 12]]current assets: $1.25 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $2.14 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $61 thousand[[tagnumber 13]] [[tagnumber 12]]gross profit: $37 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see that the cash positions of the company have remained pretty solid for an OTC entity and the quarterly revenues have gone up, just like the gross profit. Still, those earnings are not very big and we see that the current liabilities have also increased.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Let’s not forget that this report was filed on August 14 and while the numbers contained in it were enough to back a climb, the reason for the upward movements was a paid promotion. Inside Wall Street Report received $5 thousand dollars from [[tagnumber 6]]STVF[[tagnumber 7]] to pump the company stock and it seems to have done its job well so far.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker has been climbing for a while and it started this week with another 23.08% gain. Yesterday’s jump wasn’t that big and the 6.25% that [[tagnumber 6]]STVF[[tagnumber 7]] added to its value led it to a close of $0.17 while the daily dollar volume was estimated at $156 thousand.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]So far, [[tagnumber 6]]STVF[[tagnumber 7]] is climbing in today’s chart as well, but we see signs of hesitation. The ticker might turn at any moment so doing your due diligence and weighing out the risks before putting any money on the line is crucial.[[tagnumber 2]]