Not exactly a great start of the week for Ireland Inc. (OTC:IRLD), yet it is how it all ends that counts. Indeed, in this case the stock managed to regain some of the lost position and inspire optimism again. How long would this last is another matter entirely. 
It is important to mention that there has been nothing to back the run up this week, at least no immediate catalyst. The last announcement to come out from Ireland Inc dates back to the beginning of September. Ever since then, it is ups and downs without a specific reason, rather than traders` interpretation of where the stock price might be heading. Friday, it closed just below $0.7, with 266k shares exchanging hands. No promotional activity, no short-selling activity, no PR activity.
In a situation like this, and given what this stock did not so long ago, it is only natural that when additional research is done a closer look at the balance sheet is due. In this case, it is the 10-Q for the second quarter of 2011. Below are stated some of the figures included in this report:
- $2.7 million in cash;
- $2.99 million in total current assets;
- $187k in total current liabilities;
- $16.9 million in accumulated deficit;
- $0 in revenue;
- $1.2 million in net loss; [BANNER]
Not the best set of data in the penny stock world, not the worst by far. More or less, one that prompts for higher caution when considering an investment in IRLD as there is much uncertainty to be dealt with. No wonder that there is much volatility on the stock market these days. In terms, it is yet to see whether stability and growth could be introduced and sustained, or it is uncertainty that would prevail in the weeks and months to come, as well.
