The troubles are far from vaporizing for Electronic Cigarettes Intl Group Ltd (OTCMKTS:ECIGD), which went through a struggling session during the last trading day. The stock of the company fell by nearly 10% to $0.520, adding to consecutive declines over the last several days. The average volume of the shares recorded was 1.02 million.
Research pointing out e-cigs health hazards
Other than announcing a disappointed annual report, Electronic Cigarettes Intl Group Ltd (OTCMKTS:ECIGD) is being hit hard by a number of research reports that point out to the harmful effects of e-cigarettes on health. A new study from RTI International showed that the vapor emitted from e-cigs is not water vapor but actually aerosol gas, consisting of glycerin, nicotine, and artificial flavorings along with other chemicals. Moreover, more concerning is that the warm and humid conditions of the lungs of inhaler prevent these aerosol gasses to make a way out. In short, the study summarized that e-cig vapors could impact acute lung function of both active and passive smoker.
Lack of action
At the same time, Jonathan Thornburg, Ph.D., author of the research said that the vapors are very tiny particles, small enough to penetrate through the paint on the walls. This further indicates the ability of these particles to enter into the deepest part of the lung walls. Hence, the study displaced e-cigs as safer alternative to conventional smoking, which could leave a question mark for companies like Electronic Cigarettes Intl Group Ltd (OTCMKTS:ECIGD) that aim to replace real cigarettes with e-cigs.
It seems that nothing is working right for Electronic Cigarettes Intl Group Ltd (OTCMKTS:ECIGD), which reported $38 million of net loss in its latest annual report filing. Moreover, the lack of action on the company’s part to address the crisis also fails it in the eyes of investors. For now, it could be assumed that the stock might trade the same way in the coming days.