{"id":7738,"date":"2016-04-26T13:55:09","date_gmt":"2016-04-26T13:55:09","guid":{"rendered":"\/?p=7738"},"modified":"2016-04-26T13:59:02","modified_gmt":"2016-04-26T13:59:02","slug":"new-colombia-resources-inc-otcmktsnewc-explodes-into-motion","status":"publish","type":"post","link":"\/articles\/new-colombia-resources-inc-otcmktsnewc-explodes-into-motion\/","title":{"rendered":"New Colombia Resources Inc. (OTCMKTS:NEWC) Explodes Into Motion"},"content":{"rendered":"\n

New Colombia Resources Inc. (OTCMKTS:NEWC<\/a>) exploded 73% up the charts yesterday, fueled by a boastful PR announcement – but will it manage to retain its elevated position? <\/p>\n

Well, volatile as the ticker is, there’s no way to be absolutely 100% sure what its next move will be. However, any due diligence on NEWC<\/a> <\/strong>reveals that the chances of it continuing its explosive chart climb, or even retaining ground, look pretty slim.<\/p>\n

Truth be told, that previous statement should be re-phrased as “any attempt at due diligence”, because the fact of the matter is that currently, due diligence on NEWC<\/a> <\/strong>is completely impossible. The company’s last financial filing hit the web on May 20, and covered the fist quarter of said year.<\/p>\n

Suffice it to say that the red “STOP!” sign stamped on the upper right corner of NEWC<\/a>‘s <\/strong>OTC markets profile page is well earned – and while none can argue that the numbers in the filing are outdated, they are many other things besides. Just take a look for yourselves:<\/p>\n