In case you like excitement and want to chase away the boredom, then you had better channel your attention on Northcore Technologies Inc. The company, together with its stock performance, is among the thrillers on the market. One day, NTI jumps by almost 51%, the next day it retreats back by 21%. I wonder what will come next if this trend continues?

Northcore_-_Logo.jpgIn addition, the shares (TSE:NTI), (OTC:NTLNF) marked new price and volume records. On Tuesday, the turnover reached an eight-year high of 4.74M shares. On Wednesday, NTI noted a seven-year peak at $0.48. Despite the price high, yesterday sellers prevailed on the Canadian market and NTI slipped to $0.375 in the end. Accordingly, a black candlestick was formed on the chart.

Northcore_-_Chart_-_2_June_2011.jpgThe thrill does not end here. We see plenty of news and developments around the company these days. Yesterday, Northcore announced strategic changes to its board of directors and to its executive management, aimed to “lead the company into new high growth consumer markets”. Northcore’s goal is to leverage its Dutch Auction patent portfolio.

The thrill continues today, when the company is expected to hold a conference call to discuss its financial results and operational activities. Investors were cordially invited to listen to the call live over the Internet on the company’s website. We are expecting to see the reports filed on SEDAR so that we can analyze them.

Judging by the previous financial statements, Northcore is facing some problems. In the end of 2010 we notice a working capital deficiency: current assets were $0.28M, while current liabilities were $1.59M. Traders will be far more pleased if they come upon more positive figures in the new financials.