Not a major increase in the share price, but still a hype not to go overlooked – this is Advaxis Inc. (OTC:ADXS) yesterday in brief. On the other hand, it has been a glorious free fall for quite some time now. Whether the bottom has been reached is yet to be seen. 
Of course, there is a catalyst behind this trading hype yesterday. It is the press release that came out in the morning. One, that led to almost 1.6 million shares exchanging hands and a session closing at $0.13 per share. Shorters also had a busy day as 291k shares exchanging hands yesterday were a result of short-selling activity. Yet, the number of shares traded this Tuesday is even not really near the 52-week high and the share price hasn’t been performing exactly great in the last few months.
So, the question is – what comes next? In the middle of the third quarter, there is plenty of time before financial results are presented. Results, that could affect the stock performance for more than a session. On the other hand, there is the data for the 10-Q with an end-date July 31st which could be useful in determining the potential of Advaxis. It includes the following figures: [BANNER]
- $1.8 million in cash;
- $4.7 million in total assets;
- $16.9 million in total liabilities;
- $32.6 million in accumulated deficit;
- $0 in revenue;
- $3.6 million in net income;
Not bad, actually. Not the best results, but not the worst, given that this is a penny stock enterprise. The truth is, however, that stability and sustainable growth are still not present on the stock market. Whether this could change is a question yet to find its answer.
