Axion International Holdings, Inc. (OTCBB:AXIH) Revisits the Dollar Levels on Positive Momentum
Axion International Holdings, Inc. (OTCBB:AXIH) visited the dollar levels for the first time in almost two years. AXIH was robust this Monday, growing by more than 22% to reach $1.02, on buying volumes a bit lower than Friday’s- about $4.32 million. AXIH has been late with fresh PR or emails, the last messages from at least a week back. But the ticker remains strong, seen as another rather solid OTCBB company. 
To remind of the AXIH condition, the plastics recycling business left the company with:
- cash: $599 thousand
- current assets: $4.8 million
- current liabilities: $3.6 million
- quarterly revenue: $1.2 million
- quarterly net loss: $1.3 million
Now, AXIH claims a $42 million contract for recyclables, but time will show how this affects the bottom line. The most immediate effect would be produced by another concerted awareness effort, either as PR or an email from a promoter.
Investors’ forums see AXIH as an undiscovered wonder, which may rise in awareness and loyalty in the future, and offer longer-term prospects. Still, the $1 level looks shaky, as the ticker doubled in about a month and a correction is not out of the question. AXIH is seen as positive for its potential in composite materials, polymers and other plastic technologies. Still, some investors’ opinions point to selling as a viable exit from a ticker that is also boosted by the effect of a series of promotional emails.
Speaking of novel materials, Liquidmetal Technologies, Inc. (OTCBB:LQMT) strives to push its amorphous alloys to a wide array of industries. LQMT, however, has been hovering sideways, unable to break through the 20-cent levels and move to a higher range. Again, LQMT is stuck below the 17-cent levels.
In the past weeks, OTCBB companies were extremely active, with a higher appeal tied to the better quality of the exchange tier. Still, those tickers provide similar risk, and some live through rather deep cuts. Fresh Vending International, Inc. (OTCBB:VEND) was making the rounds in the form of a paper mailer and sporadic emails. Now, the ticker digs deeper below the $2 levels, at $1.88 after a series of days in the red.
If you still like AXIH, think well of your time frame to avoid getting caught in a short-term correction. Whether 2014 will be good to this ticker is anyone’s guess, but until that happens, avoid investing unless you can also afford deep cuts.
