{"id":8090,"date":"2016-06-16T18:02:04","date_gmt":"2016-06-16T18:02:04","guid":{"rendered":"\/?p=8090"},"modified":"2016-06-16T18:14:42","modified_gmt":"2016-06-16T18:14:42","slug":"greengro-technologies-inc-otcmktsgrnh-still-slipping","status":"publish","type":"post","link":"\/articles\/greengro-technologies-inc-otcmktsgrnh-still-slipping\/","title":{"rendered":"Greengro Technologies Inc (OTCMKTS:GRNH) Still Slipping"},"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\/93737\/grnh_6m_450x350.png\" border=\"0\" \/>Earlier this year we saw Greengro Technologies Inc (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GRNH\">GRNH<\/a>) make a great run that pushed it to a 52-week high of nearly 12 cents per share. Unfortunately, the ticker began correcting and has lost more than 60% of the value it had back then on decreased volumes.<\/p>\n<p>&nbsp;<\/p>\n<p>There is progress in the business, but it just doesn&rsquo;t seem enough to support a higher market cap. The financial state of the company isn&rsquo;t that great either. Here is a quick example of some of the contents of the company&rsquo;s financial report for the first quarter of the year.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>cash: $204 thousand<\/li>\n<li>current assets: $992 thousand<\/li>\n<li>current liabilities: $645 thousand<\/li>\n<li>revenues: $197 thousand<\/li>\n<li>net loss: $173 thousand<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Those numbers aren&rsquo;t really good, but they&rsquo;re not terrible either. On the good side of things we see that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GRNH\">GRNH<\/a><\/strong> has managed to keep the liabilities small, but it still hasn&rsquo;t avoided issuing a lot of stock for consulting services and as conversion of debt.<\/p>\n<p>&nbsp;<\/p>\n<p>The company isn&rsquo;t issuing that many press releases either, so it&rsquo;s not such a big surprise that the ticker is sliding. The latest slide saw <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GRNH\">GRNH<\/a><\/strong> closing five consecutive sessions in the red. The latest slip cost 6.67% and pushed the company stock down to $0.041 per share yesterday.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GRNH\">GRNH<\/a><\/strong> issued a new PR today and the price is a bit more stable. Still, you should be sure to do your due diligence and weigh out the risks before putting any money on the line.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earlier this year we saw Greengro Technologies Inc (OTCMKTS:GRNH) make a great run that pushed it to a 52-week high of nearly 12 cents per share. Unfortunately, the ticker began correcting and has lost&#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":[262],"class_list":["post-8090","post","type-post","status-publish","format-standard","hentry","category-news","tag-grnh"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8090","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=8090"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8090\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=8090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=8090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=8090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}