No matter if Advanced Cell Technology, Inc. (OTC:ACTC) is up or down, it trades on impressive volume all the time. The stock is constantly jumping from low to high trade and the opposite and it’s hard to guess its next move. Though, during the past few days ACTC has been going up, trying hard to hold the gain.
This time the only reasonable explanation for the bullish trend turns out to be a recent research on the company. The report was made by Global Equity Reporter and it appeared online two days ago.
Obviously, the highlights on ACT influenced its stock price and it managed to hold the up move. Though, when talking about this company the regular question is how long the climb will survive this time.
Following the historical data, we can see that every time there is some news about ACT, the stock jumps up, however, the climb can’t resist long. Another way for the company to ensure its market position is by promotions. Though, the result is absolutely the same as with the optimistic press releases. It looks like the only sure thing about Advanced Cell Tech. is its financial condition, which is permanently discouraging.[BANNER]
According to its latest 10-Q report, the company’s liabilities have reached over $27 million and the accumulated deficit exceeded $184 million. Meanwhile, the management states that on a long-term basis they have no expectations of generating any meaningful revenues from their product candidates for a substantial period of time and will rely on raising funds in capital transactions to finance their research and development programs.
However, as claimed in the financial report, the losses continue and if ACT is unable to raise additional funds the company will be forced to either scale back its business efforts or curtail its activities entirely.