After exploding to almost $2 per share three weeks ago, Bullion Monarch Mining Inc.(OTC:BULM) is settling around $1.5, yet there might be another jump coming up shortly. It has been a great year for the shareholders of the company so far, yet the next nine months could be even more exciting. 
- total current assets of $1.5 million;
- current liabilities of $468k;
In terms of revenues and net income, the figures are also appealing. For the nine months with an end date Jan. 31st the following is included:
- royalty revenues of $4.55 million;
- net income of $1.5 million; [BANNER]
It is also important to mention that compared to the same period for 2010, there is a noticeable increase in revenues (more than 15%), and net income (more than 20%). All in all, positive news, backed up by financial data, not the usual case for a gold-focused royalty penny stock company. The one thing that should alert potential investors is the intense promotional activities that brought the price up so much since the beginning of the year.
While it is a fact that there has been a steady rise since the beginning of the year, it is debatable whether the current levels would have been achieved without third parties paying for promotions. The climb can continue, since there are still promotions at hand, but traders should also not forget the last sharp jump. Just after it, the stock dropped back to its current levels. It is unlikely that the ones who bought shares at $1.9 are extremely happy about their investment at the present moment as they probably believed there is much more value to be accumulated, instead of the stock decreasing back to $1.5 as it did.
