GH Capital Inc (OTCMKTS:GHHC) is the subject of renewed investor interest after one of the worst runs in the market. The stock is spiking higher on the back of high turnover in traded shares. A 300% plus rally is already signaling a potential change in the direction of trade as the bullish momentum gathers pace.
GH Capital Price Analysis
The surge has come on investors taking note of the fact that that GH Capital is enjoying a surge in business activity in the industry. The company is fresh from signing an agreement with Privacy Management Group, which has plans to go public.
Renewed investor interest also comes on the company moving to clean its balance sheet of debt, having already satisfied all convertible Notes belonging to PowerUP. Recent developments appear to have strengthened investors’ confidence in the stock, fuelling the recent rally.
A 300% spike has catapulted the stock above a key resistance level at the $0.013 mark. That said the stock looks set to continue edging higher the resistance having become support. Above the $0.013 mark, GH Capital looks set to make a run for the $0.025 mark, which appears to be the next resistance level.
Any sell-off followed by a close below the $0.013 would leave the stock vulnerable to further drops, probably back to the $0.009 mark, which appears to be the next support level.
About GH Capital
GH Capital is a consulting service company that provides assistance as well as advice to private companies, planning to go public. Formerly known as Global Himax Capital Management, GH Capital markets its services through word of mouth or online forums.
Surging Business Activity
GH Capital is skyrocketing in the market having announced its Going Public Process Advisory Division has signed an agreement with Privacy Management Group. PMG is an international consultancy firm that offers clients vast experience in wealth generation matters.
“We are excited to support our latest Going Public Advisory Service client. PMG has been validated with a recent pre-IPO valuation of $14 million and has made great progress in its business over the past year, and we look forward to assisting them in their capital structure and plans going forward. We believe it’s a great opportunity for both PMG and GH Capital shareholder,” said CEO Bill Bollander.
Late last year, GH Capital signed a similar agreement with Casual Cord International, which is a lifestyle card firm, offering a wide array of services including VIP Travel and flight booking assistance. The firm contracted GH capital as it sought to strengthen its capital structure.
In addition to signing a deal with PMG, Bollander has confirmed they have a plan to achieve a lot in 2019. Top on the agenda is exploring new revenue opportunities by serving more clients and attracting new clients. The company is also eyeing high net margins as it looks to shore up its bottom line a and grow positive cash flow.
GH Capital is fresh from satisfying all its PowerUp Convertible Notes, significantly trimming its debt obligations. The company satisfied its obligations under all existing Convertible Promissory Notes.
“The Company is grateful for the investment they made in our Company; they have an excitement for our industry and the technologies that we are developing. Power Up has been committed to the growth of our Company and the continued development of our new cutting-edge technologies that would have remained completely stagnant in the absence of said investment,” GH Capital in a statement.
GH Capital is still not yet out of trouble, the stock is still languishing at all-time lows having lost a substantial amount of market share over the past year.
For the stock to bottom out and continue climbing the ladder, management must serve a string of new catalysts that will strengthen investor confidence in the company’s long-term prospects.
The company indicating that it is ready to expand its Going Public Advisor Service Division in pursuit of revenues should excite the markets. The management team has also indicated they are working to strengthen revenue streams through the signing of new clients something that should continue to strengthen sentiments.
After the recent spike, it might be wise to wait for further confirmation in terms of new catalysts, to see if the stock will continue to edging higher.
We will be updating our subscribers as soon as we know more. For the latest updates on GHHC, sign up below!
Disclosure: We have no position in GHHC and have not been compensated for this article.