The Ascend of Sigma Labs Inc (OTCMKTS:SGLB)
It seems that the interest in Sigma Labs Inc (OTCMKTS:SGLB) has risen in the past week of trading once again after the terrible, two week period that the ticker had going down the charts, when it went as low as $0.027.
After the promising begining of this month of trading that boosted SGLB‘s stock it quieted down for a few days and stayed at around $0.050. Yesterday’s trade session, however, was another addition to the days in which SGLB‘s stock was soaring and managed to lift its price even further on a considerable volume that was quite above their average of 1.8 million.
The session left their stock with a further 34% movement in a northern direction, making the total gain in the price of SGLB shares since last week amount to 62%. Investor interest was very high and you can see that from the fact that the jump from $0.053 to $0.06999 that SGLB‘s stock made was in a session with very high volume that was estimated at 7.7 million shares making the total trade value for the day come at $488 thousand.
It seems that someone sensed the opportunity and a pump was initiated yesterday afternoon. The pump is from a fresh newsletter and this is the first promotional campaign that we intercepted from them so it’s hard to tell how it will go from here, but we reckon that it’s going to turn out sour for people that are thinking of making a long term investment. We are not saying that the company doesn’t have a future, however, no one knows how long would it take for them to start operating at a profit and is it even going to happen.
For now they are headed in a good direction, financial-wise and we hope for their sake to continue doing so. The fresh contracts that the company has been receiving are a good sing for their future development and expansion. For now, we have their 10-Q for the first quarter of this year and we would like to share with you the numbers of prime interest contained in it.
- cash: $194 thousand
- current assets: $300 thousand
- current liabilities: $106 thousand
- revenues: $164 thousand
- net loss: $196 thousand
Looking at the report we can draw parallel between SGLB and Jammin Java Corp (OTCMKTS:JAMN), due to the fact that both of these OTC companies seem to be increasing revenues while containing their spending and the only thing they need at the moment is to keep expanding. Until they do that their stock will remain risky so be sure to do your due diligence and weigh out the risks before you decide to invest.
On the other side of things the long run of around 3 weeks up the charts for ScripsAmerica, Inc. (OTCBB:SCRC) in which their stock gained 73% took a hit as they fell 10% yesterday and are currently nested at $0.61.