{"id":3939,"date":"2014-02-19T15:13:16","date_gmt":"2014-02-19T15:13:16","guid":{"rendered":"\/?p=3939"},"modified":"2014-02-19T15:13:21","modified_gmt":"2014-02-19T15:13:21","slug":"elite-pharmaceuticals-inc-otcbbeltp-gathering-upward-momentum","status":"publish","type":"post","link":"\/articles\/elite-pharmaceuticals-inc-otcbbeltp-gathering-upward-momentum\/","title":{"rendered":"Elite Pharmaceuticals, Inc. (OTCBB:ELTP) Gathering Upward Momentum"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px; border: 0px;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/27ELTP_chart.png\" border=\"0\" alt=\"27ELTP_chart.png\" title=\"27ELTP_chart.png\" width=\"400\" height=\"178\" \/>Elite Pharmaceuticals, Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ELTP\">ELTP<\/a>)&#8217;s stock has had an upward general direction since the beginning of the year and things are looking bright. Most recently they made a pretty good run of 5 sessions in the green on some positive news. <\/p>\n<p>The company has started issuing more optimistic press releases since the beginning of the month, so it seems that this trend could continue. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ELTP\">ELTP<\/a> also filed its quarterly report for the period ended December 31, 2013 and it boasted some serious numbers.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>cash: $1 million<\/li>\n<li>current assets: $3.9 million<\/li>\n<li>total assets: $18.2 million<\/li>\n<li>current liabilities: $12.5 million<\/li>\n<li>total liabilities: $23.2 million<\/li>\n<li>revenues: $1.6 million<\/li>\n<li>net loss: $1 million<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left; margin: 3px; border: 0px;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/645LOGO.png\" border=\"0\" alt=\"645LOGO.png\" title=\"645LOGO.png\" width=\"100\" height=\"64\" \/>While there are massive liabilities and the company is still unable to operate at a profit, their revenues have gone up by 150% compared to the same period in 2012, which is good. We also shouldn&#8217;t forget that there are a lot of money spent on research and development.<\/p>\n<p>When will that pay off, however. There is a lot of optimism generated by the fact that the company has made quite a lot of progress in the past few years, after the new management took it in their hands, despite the big losses.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ELTP\">ELTP<\/a> has also managed to acquire the funds needed to continue their research, so it looks good for now and might lead to a bright future. The latest news concerning the company development is about the successful results of a pilot bioequivalence study started in December 2013 for an opioid abuse deterrent oxycodone called ELI-201.<\/p>\n<p>This is good news for the progress of their abuse resistant drugs that some people, including the company CEO, Nasrat Hakim think might effortlessly lead <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ELTP\">ELTP<\/a> to trade at around $4 per share. This is far up from the $0.417 that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ELTP\">ELTP<\/a> closed at yesterday, after a 19% gain.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px; border: 0px;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/51PHOT_chart.png\" border=\"0\" alt=\"51PHOT_chart.png\" title=\"51PHOT_chart.png\" width=\"350\" height=\"156\" \/>Still, these predictions are most likely to come true in 2015, so be sure to do a lot of due diligence and weigh out the risks if you are thinking of going in for the long run.<\/p>\n<p>In the meantime, medical marijuana companies like Growlife, Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PHOT\">PHOT<\/a>) and Medical Marijuana, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MJNA\">MJNA<\/a>) are still going up and it seems that nothing can stop them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elite Pharmaceuticals, Inc. (OTCBB:ELTP)&#8217;s stock has had an upward general direction since the beginning of the year and things are looking bright. Most recently they made a pretty good run of 5 sessions in&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[797,8,21],"class_list":["post-3939","post","type-post","status-publish","format-standard","hentry","category-news","tag-eltp","tag-mjna","tag-phot"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3939"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3939\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}