{"id":7993,"date":"2016-06-01T18:02:04","date_gmt":"2016-06-01T18:02:04","guid":{"rendered":"\/?p=7993"},"modified":"2016-06-01T18:14:52","modified_gmt":"2016-06-01T18:14:52","slug":"diamante-minerals-inc-otcmktsdimn-surges-out-of-nowhere","status":"publish","type":"post","link":"\/articles\/diamante-minerals-inc-otcmktsdimn-surges-out-of-nowhere\/","title":{"rendered":"Diamante Minerals Inc (OTCMKTS:DIMN) Surges Out Of Nowhere"},"content":{"rendered":"\n<p><img decoding=\"async\" style=\"color: #000000; font-family: Verdana, Arial, Helvetica, sans-serif; font-size: 11px; float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93636\/dimn_6m_450x350.png\" border=\"0\" \/>The last time we wrote about Diamante Minerals Inc (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DIMN\">DIMN<\/a>) was way back over a year ago when the ticker had been recovering from a massive slide. The company stock was able to regain a lot of the lost value and reached prices above the $2 per share mark on increased volumes, despite the lack of press releases or news.<\/p>\n<p>&nbsp;<\/p>\n<p>Things have changed a lot since then. It&rsquo;s not like <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DIMN\">DIMN<\/a><\/strong> have started issuing press releases, but rather the fact that the company stock has lost nearly 90% of its value, while trading has become very quiet. Meanwhile, things haven&rsquo;t progressed a lot since the last time we covered the company stock. In fact, the report for the quarterly period ended January 31, 2016 shows just the opposite.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>cash: $515 thousand<\/li>\n<li>current assets: $665 thousand<\/li>\n<li>current liabilities: $332 thousand<\/li>\n<li>revenues: ZERO<\/li>\n<li>net loss: $73 thousand<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>These numbers certainly show that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DIMN\">DIMN<\/a><\/strong> isn&rsquo;t able to back up even its current market cap which sits at a little less than $15 million. There is still a certain lack of press releases and news, while <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DIMN\">DIMN<\/a><\/strong> seems to be content with filing only the occasional reports with the SEC.<\/p>\n<p>&nbsp;<\/p>\n<p>Still, the company stock somehow managed to push 12% up the charts in Friday&rsquo;s session and close at $0.28. A total of 368 thousand shares changed their owners, generating $97 thousand in daily dollar volume, the biggest in more than six months of trading.<\/p>\n<p>&nbsp;<\/p>\n<p>Unfortunately, there is a sudden loss of interest in <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DIMN\">DIMN<\/a>,<\/strong> as shown by today&rsquo;s lack of trades. In any case, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DIMN\">DIMN<\/a><\/strong> is a risky and illiquid stock that should be approached only after you have done your due diligence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The last time we wrote about Diamante Minerals Inc (OTCMKTS:DIMN) was way back over a year ago when the ticker had been recovering from a massive slide. The company stock was able to regain&#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":[1990],"class_list":["post-7993","post","type-post","status-publish","format-standard","hentry","category-news","tag-dimn"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7993","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=7993"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7993\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=7993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=7993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=7993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}