Tauriga Sciences, Inc. (OTCMKTS:TAUG) Targeted by Xtremepicks Email on Monday
Tauriga Sciences, Inc. (OTCMKTS:TAUG) shares the Monday enthusiasm with other newly discovered marijuana stocks. TAUG is headed to break through to a higher range, as it grew by more than 42% on the day. Now, the ticker hovers at $0.0998, as buying volumes reached $3.25 million. 
TAUG would not have survived that well without an extra push from Xtremepicks, sending out a free email with the intent to boost its record. The main hook in the email is that TAUG is at a 52-week high, but the pumpers also mention that the company is a rather solid pharmaceutical producer, which would easily join with its subsidiary in supplying medical cannabis creams or other topical treatments.
Unfortunately, the solid activity and future interests do not make TAUG well-off financially, as it is burdened by the costs of development, holding:
- cash: $57 thousand
- current assets: $109 thousand
- current liabilities: $1.38 million
- no revenue since inception
- quarterly net loss: $1.6 million
And TAUG is having days when volumes slacken significantly. The market for this ticker needs a constant influx of news to support the activity. The weak days made investors’ forum commenters to term this phenomenon “The Desolation of TAUG“.
Unfortunately, TAUG has not proven it is a dragon sitting on a large treasure, but yet another pharmaceutical contender that tried its luck and had a few good days. Also, Honeywood, LLC is listed as a holding company with the main aim of securing intellectual rights, posing a question on how exactly the real side of the cannabis business would be achieved.
Xtremeleaders is indeed fond of extreme movers, though it may be wise to stay away from the peaks. Turbine Truck Engines, Inc. (OTCBB:TTEG) was taken up as well, only to end the day in the red, as the stock price starts to deteriorate from the peak levels.
An older alert, Singlepoint, Inc. (OTCMKTS:SING) rose sharply both as a marijuana company and a ticker under alert. But only days after it had peaked at $0.065, the ticker slid down to $0.03, now making a bit of a recovery, but preserving a burden of volatility. SING was until recently Carbon Credits International, Inc. (CARN), when it decided to switch tracks to another sector promising to be hot- only this time, the stock was unable to hold onto the price gains.
TAUG is interesting in its ability to gap upward, but we have to wait and see if the new week is one of the better periods for the marijuana sector as a whole. The Marijuana index is currently on a downward slope that is erasing the gains made since the middle of February. Still, in contrast to last week’s pessimism, most tickers in the index had a day of net gains.
The pot stock sector remains in boom conditions, so you have to be ready at least for a temporary bust, if you still like the potential of TAUG.
