When companies update their current filings with the OTCMarkets, that is usually the time to strike since, once the info is circulated the chance to get in cheap has already passed by. A perfect example of this was today’s updated filings on Dragon Capital Group Corp. (DRGV) which sent the penny stock into mini orbit for about an hour. Granted the gains may not be huge in dollar figures on DRGV stock today, but you can bet your bottom dollar, or all your remaining shares in Superior Ventures Corp., that a couple hundred traded using this method will 9 times out of 10 score a double whammy.
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DRGV Stock Chart
Market Cap: 2.40M
Last: 0.007 ▲0.0048 (218.18%)
Dollar Volume: $15,624
Average Trade Size: 57,755
Issued and Outstanding: 362,735,578
Float: Approximately 151,576,713
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There isn’t anything extremely sexy about this Asian except for the fact that revenues are growing and they are producing net income attributable to shareholders. Does that mean that DRGV stock is undervalued and should see a significant increase from under a penny? Not necessarily, but when your total assets are $8,570,402, almost all of which are current assets, and your liabilities are only $1,358,468, you’re doing something right and worth a longer look.
Dragon Capital calls themselves an incubator such that the Company offers support in the critical functions of general business consulting, formation of joint ventures, access to capital markets, consulting regarding potential merger & acquisition transactions, business valuation, and revenue growth strategies. The primary focus of the Company is on innovative software solutions for businesses, as well as sale of computer and electronic component sales. Go figure — a China focused Company that sells electronic components as its main business focus.
Since their key areas of concentration are network software, e-business software development, financial and enterprise information management systems, computerized automation control applications for commercial and residential buildings, commercial 3G wireless applications and mobile business solutions, and multi imaging applications, perhaps DRGV stock is slightly undervalued and worthy of a decimal point move to the left.
About DRGV Stock
Dragon Capital Group, Corp., doing business in China through their subsidiaries, serves as a holding company of emerging technology enterprises operating in China.
Last 5 Trading Sessions:
Bottom Line: Sub penny stocks are not for every trader since the fees can be an additional cut into the already difficult percentage gains targeted. That said, DRGV stock seems to have breathed the fire it was going to today and will likely head back into its cave until disturbed again with the next filing requirement. Pay close attention to the PR wires since an announcement by the Company could send the Dragon charging once again.
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