Since the middle of the week, the stock has been climbing up sequentially and on Friday the closing price was $1.18, while the trading volume exceeded 460 thousand shares.It appears that the climb was due to the positive news that Clicker has released recently. On Wednesday last week, the company had a radio show titled “Stu Taylor on Business” and it caught the investors’ attention. The next and the latest hot news on CLKZ was on its publishing agreement with FinditQuick.com for their run of network offers.
Before publishing these announcements, Clicker’s stock had negative price changes, but it started to gain fast on the news.[BANNER]
Clicker Inc. is a Web publisher focused on developing stand alone Consumer Brands incorporating Social Networking and Reward Properties that leverage content. Last year, the company used to trade much higher, when its price reached over $3.00 per share. Though, since the beginning of this year, the stock has had a downtrend that was broken up in June. Currently, the price is going up again, however the uptrend is not certain yet.
According to its latest financial report, Clicker has: “effected the 300 for 1 reverse stock split of our common stock on April 1, 2010, as a result of which every 300 issued and outstanding shares of common stock has been combined into one share”. As a result, the total number of its issued and outstanding common shares was reduced.
This year, the revenues of CLKZ have decreased and the company has incurred a net loss and high operating expenses. According to its balance sheet, Clicker has more liabilities than assets and it doesn’t have enough cash on hand.
Based on these results, though its optimistic press releases, CLKZ will definitely need additional capital for its business operations.
