Markray Corp. (PINK:RVBR) is a company operating from the Russian Federation. So far, the company says it is engaged in the processing of tailings to extract gold, silver, platinum and other metals.
RVBR hasn’t seen much trading on the market, and it seems it is trying to change that. Yesterday, the company issued a press release – “Markray Announces Production of Gold and Rare Earth Minerals”.[BANNER]
Additionally, the symbol is in the spotlight of several promotional newsletters run by Stock Appeal LLC. Stock Appeal discloses a $35 thousand compensation for its services.
The only currently available financial information about RVBR can be found in its Initial Company Information and Disclosure Statement. As of May 31, 2011 the numbers looked like this:
- $12,756 in cash and cash equivalents
- $557,895 total current assets
- $1,238,343 total current liabilities
- $4,451,308 sales
- $83,189 net loss
- 195,294,000 outstanding common shares
The sales and loss data is for the fiscal year ended May 31. The margin on the sales is barely 3.5% and if this applies to future sales as well, it doesn’t look too good for RVBR.
The reported low float does suggest RVBR could move quickly, but perhaps some more details and operational information would be in order first. It may be worth keeping an eye on with the promotion and the press release.
