Oncologix Tech Inc

Oncologix is a manufacturer of medical devices also providing healthcare services in North America. The Company, through its subsidiaries, operates and manufactures medical device products and delivers Personal Healthcare Services.

Oncologix has been moving in a series of crests and through since 13^th of March, 2015.OCLG touched its high at $0.011 on February 19 at a trading volume of around $7.74 million in February, 2014.

The share price saw it’s highest of $0.01 while its lowest was $0.00 in 52-week range. The stock maintains normal liquidity with average volume of 2 million shares per day.

                                   

Oncologix is in process to acquire a leading medical company and both the parties agreed to close the deal with good faith and enter into a definitive stock purchase agreement. The prospective of acquisition is to accelerate company’s growth in terms of sales and expanding distribution network across U.S. and to increase in growth of revenue.

Oncologix is currently trading at a market valuation of around $1.19M. I would not trade this stock here; I see much more downside potential than upside. OCLG is a typical development stage company with total assets of $3.59 million having $0.08million of cash& Equivalents. The company has total liabilities of $4.62 million resulting in negative equity. OCLG trading in red yet continues to trade in healthy volume, however does not seem to be moving anywhere close to its earlier position in the near future.

Considering the fundamentals its market capitalization of $1.19 million is clearly overstated.