A month and a half later, after almost 200% increase, Warrior Girl Corp. (PINL:WRGL) still shows no signs of slowing down. So, a strong bullish movement continues, but what started it, and even more important – how long would it last? 
Questions to be considered, no doubt. Especially now, when alerts are coming, focusing additional attention to this stock. Otherwise, no news now, no news during July at all, yet a stock price accumulating value. Now, there is more than one way to look at the performance on the stock market. On one hand, almost 200% increase for a month and a half, the Friday session closing at $0.029 per share. On the other, the dollar volume in July never got above $2000 in a session. What is more, it would rarely go $1000 even. So, it seems that this is a stock that does not exactly attract serious attention from investors; and there is a reason for that.
The otcmarkets.com website, for example, has this written on the profile of WRGL:
“Investors should be aware that no firm is making a market in this stock on OTC Link. All prices reflect unsolicited customer orders and investors may have a difficult time selling this stock.” [BANNER]
Another point to have in mind is the balance sheet of the company. Below are stated some figures from the annual report for 2010:
- $100 in cash;
- $100 in total current assets;
- $0 in liabilities;
- $128k in accumulated deficit;
- $0 in revenues;
- $0 in net loss;
Not an inspiring financial statement. Now, a few months later, the 10-Q comes out, covering the first quarter of 2011. Figures in it would be very different:
- $15k in current assets;
- $52k in cash;
- $124k in accumulated deficit;
- $33k in revenues;
- $4k in net income;
An interesting development. Again, there has been nothing coming out from this company for quite some time. The only exceptions are a press release from June this year, and one from October 2004. Which does not go along with a good stock performance as the one recently. All in all, it is a good deal of uncertainty that comes along with investments in this stock.
