Should Day Traders Be Bullish On Energy Holdings International Inc(OTCMKTS:EGYH), Crumbs Bake Shop Inc(OTCMKTS:CRMBQ), and TearLab Corp(NASDAQ:TEAR)?
New York, NY – GDP INSIDER – 11/07/2014.
This article discusses three companies: Energy Holdings International Inc(OTCMKTS:EGYH), Crumbs Bake Shop Inc(OTCMKTS:CRMBQ), and TearLab Corp(NASDAQ:TEAR)
Energy Holdings International Inc(OTCMKTS:EGYH) announced on Nov. 5th that the company had entered into a joint venture with Rasan Energy Holding Company of Kuwait. According to the terms, the Houston-based company will be provided $60 million in USD equity investment funds for the acquisition of proven oil and gas properties in North America.The company has also traded within a range of $0.01 to $1.09 over the past 52 weeks, yet finished yesterday’s trading at a closing price of $0.085. These figures suggest that Energy Holdings International’s value is on the decline.
Crumbs Bake Shop Inc(OTCMKTS:CRMBQ) is a New York-based company that operates a chain of stores that sell cupcakes, cakes, cookies, and other baked goods. Additionally, the company also sells its products through its crumbs.com website. Crumbs Bake Shop filed for a voluntary petition for reorganization under Chapter 11 on July 11, 2014. The company appears to have rebounded to a certain degree and is now reopening stores. Crumbs Bake Shop has a market capitalization of only $6.9 million.
TearLab Corp(NASDAQ:TEAR) traded for as little as $2.05 yesterday, a new 52 week low for the California-based medical laboratories and research company. On Nov. 5th, the company reported its third quarter financial results. The figures included a revenue of $5.2 million, a 24% increase from the $4.2 million mark recorded during the same period of the previous fiscal year. The company develops and commercializes the TearLab Osmolarity System, which includes the TearLab disposable microfluidic microchip.
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