VPIG-logo.jpgA positive week has passed for Virtual Piggy Inc. (OTC:VPIG). A week of increase in the share price and trading volumes day after day. The question is – could the run be sustained this week, as well VPIG-171011.png

Obviously, all that happened last week is a result from the press release on Monday. The announcement that VirtualPiggy is now available to merchants on eBay`s Magento Platform did inspire traders and the result was a $0.10 increase in the share price for the week, Friday session closing at $0.59 per share. Friday is actually an interesting day for one more reason – the trading volume. The number of shares exchanging hands on Friday is 246k – twice more than the combined result from the previous 4 days of the week. Yet, there was nothing particular to start that hype.

In the meantime, the third quarter is now over, so results should be expected in the next few weeks. Financial data that could have an even bigger impact on the stock market. Whether it would be positive is another matter entirely. Here is what the last 10-Q included: [BANNER]

  • $316k in cash;
  • $374k in total assets;
  • $86k in total current liabilities;
  • $6.1 million in accumulated deficit;
  • $1.1k in sales;
  • $695k in net loss;

So far, not exactly inspiring. With the latest announcement at hand, however, there is also hope in place. Nevertheless, it is still much uncertainty associated with this stock, so caution should be exercised when making an investment decision.