Sunwin Stevia International Inc (OTCMKTS:SUWN) Trying To Recover
[[tagnumber 0]][[tagnumber 1]]While Sunwin Stevia International Inc (OTCMKTS:SUWN) doesn’t receive a lot of investor attention we saw the ticker make an impressive run throughout April and May that wasn’t backed by anything, but led the ticker to new heights.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company itself wasn’t really looking for publicity judging by the lack of press releases. The financials of [[tagnumber 6]]SUWN[[tagnumber 7]] on the other hand are pretty decent for an OTC entity. Here is what the company had to show in the end of January this year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $392 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $10.37 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $7.16 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $4.77 million[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $324 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Apart from the not–so–big cash positions we might say that [[tagnumber 6]]SUWN[[tagnumber 7]] is generating some pretty good revenues for a company listed on the OTC markets, although, still being unable to operate at a profit.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]However, is the company really worth over $50 million as its market cap suggests. Most recently [[tagnumber 6]]SUWN[[tagnumber 7]] began issuing press releases. On May 26 the company announced that it has received an order for enzyme–treated stevia products worth over $3.2 million.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The next day they announced that they have submitted a patent application for their products. Yesterday SUWN came out with another press release announcing the construction of a new manufacturing facility that will be capable of producing 500 metric tons of stevia per year. Ms. Dongdong Lin, [[tagnumber 6]]SUWN’s[[tagnumber 7]] CEO said that this would allow their annual revenues to grow over $60 million.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This seems to have excited investors. After descending in the past few sessions [[tagnumber 6]]SUWN[[tagnumber 7]] finally finished in the green yesterday. The company stock added 18.91% to its value and finished the session at $0.327, but the 351 thousand traded shares only generated $113 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker is in the green after today’s market open, but there seems to be a bit of hesitation. In any case, doing your due diligence and weighing out the risks before making any investment decisions is crucial.[[tagnumber 2]]