Intense sessions so far, yet more might be on the way for Egpi Firecreek Inc.(OTC:EFIR). All the usual catalysts are in place, so it is no surprise that trading volumes are going up, affecting the stock price as well. 
Yesterday alone, the result was a 50% increase in the price, the session closing at $0.03 per share. An all-time high in the trading volume also took place with 2.6 million shares exchanging hands. Several reasons for the above.
On one hand, it is the announcement that came out in the morning about a possible acquisition. On the other, there is the promotional newsletter in the beginning of the session. Both had their share in inspiring traders for what happened afterwards. And it is far from over, given that another promotion came after the session closed, set to affect trading activity today.
What today would be is yet to see, but the possibility exists that the session would not be the same as the Tuesday one. Traders now have additional time to do some research before making an investment decision. One source to look into would, of course, be the quarterly statement. The latest one came out earlier in August, covering the second quarter of 2011. Below are listed some of the figures it includes: [BANNER]
- $58k in cash;
- $246k in total current assets;
- $4.99 million in total current liabilities;
- $33.5 million in accumulated deficit;
- $22k in revenues;
- $1 million in net loss;
Not exactly optimistic, not exactly inspiring. Having the above figures in mind, it is uncertain whether the stock would see another day of rise.
