CGrowth Capital Inc (OTCMKTS:CGRA) shares were up 55.10% to $0.0152 and unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.01 to $0.03. The company has a market cap of $6.08 million at 210.05 million shares outstanding.
CGrowth Capital Inc just reported the filing of the Company’s 2016 consolidated annual financials for the period ended December 31, 2016 to OTC Markets. Its consolidated Total Assets increased three-fold over the prior year to nearly $25,000,000 and has not issued shares for the 17th consecutive month, as the it remains committed to developing its business plan without the issuance of stock.
Among its highlights for the period are the renewed and increased bond offering in the United Kingdom to £30,000,000 and the opening of an affiliated office in Malaysia this month. In Powder River Resources, its initial infrastructure improvements have been completed and well workover programs started and will continue as winter weather breaks into spring.
In Chewelah Properties, significant rental revenues now online with a base of $32,000 per month plus NNN charges and non-performing tenants have been removed, allowing for performing tenant to assume another 12,000 sq.ft. at same rate structure as existing. Also, CGrowth Capital Inc reported strong interest in the site from both wholesale and retail tenants shows promise for stellar rental growth in 2017.
In terms of corporate updates, the company reported $25,000,000 in total assets and that completed UK audits now pave the way for company to complete US audits in preparation for additional corporate developments and uplisting.
CGrowth Capital Inc is a company that serves as alternative asset management company for businesses and assets focused on all aspects of mining, minerals, exploration and commercial real estate. Its services and solutions are designed to assist land owners with monetizing undervalued assets by bringing commodities, such as gold, silver, oil and gas, and dolomite to market.
The company also focuses on acquiring land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the execution of operations. It provides support and processing applications for itself and land owners. It owns approximately 3,400 acres of Wyoming oil leases located in the Powder River Basin; over1,190 acres of Louisiana oil leases, and approximately 50 acres of industrial property in Chewelah, Washington. Its oil and gas division, Powder River Resources, Inc., is an independent oil and gas exploration company.