Motley Fool notes.... These companies and their wild share price...

Motley Fool notes....

These companies and their wild share price movements may attract day traders looking to make a quick profit, but in my opinion they’re not investment grade due to their poor financials.

For example, AusCann has no sales revenues and lost $330,573 in cash outflows for the six-month period ending December 31 2016. Its balance sheet hardly impresses either, even if you allow for the potential $5 million it has raised as part of a recent corporate restructure.