the market, while its traded volume exceeded 4 million shares. It seems that investors have been losing interest in SFMI and started to sell intensively.Since the end of July, the company has not released any announcements on its activities, until last week. On Friday, Murphy Analytics has initiated an independent research on Silver Falcon, covering its present and planned business operations, as well as its financial condition. Looks like the coverage didn’t reflect good on the stock though, as it couldn’t turn its price change into positive.
Silver Falcon Mining, Inc. is a junior resource production company specializing in gold and silver properties. Historically, the company used to trade lower until May this year, when the stock price and volume climbed up significantly. Though, after the climb, SFMI moved down again. At the beginning of September, the stock started to gain at no news and the reason remained unknown.[BANNER]
According to its latest press release, Silver Falcon was to hold a shareholders’ meeting on September, 17. However, no more news on this meeting could be found.
The financial report of the company stated its great projections for the future, along with the lack of any revenues. In addition, Silver Falcon has suffered net losses of over $9 million and has a working capital deficit of over $2 million.
Keeping in mind all the above mentioned facts and the current lack of information on the company, at this point the future of SFMI remains unpredictable.
