Axion Power International, Inc. (OTCMKTS:AXPW) Still Struggling To Regain Value
Axion Power International, Inc. (OTCMKTS:AXPW) has had a pretty hard time throughout the this year so far. The company stock lost quite a lot of value, dropped below the 10 cent per share mark in March and continued to slide, threatening to slide into double-zero territory earlier this month.
Lately, we see a significant increase of the daily volumes as AXPW embarked on a steeper descent in the beginning of this month. The company stock managed to stabilize slightly, but the negative sentiment towards the ticker remains strong, especially after the publishing of AXPW’s report for the first quarter of the year.
- cash: $1.25 million
- current assets: $7.2 million
- current liabilities: $10.01 million
- net sales: $14 thousand
- net loss: $2.06 million
Although AXPW seems to have sufficient cash and assets we can’t fail to mention that the net sales have dropped from around $250 thousand in Q1 of 2015 all the way to $14 thousand in the same period this year, while the net loss has more than doubled.
That hasn’t stopped AXPW from issuing fluff PR in order to try and boost investor confidence. That, however, hasn’t worked all that well, despite the small market cap of the company stock. After a positive 13.73% gain in Tuesday we saw AXPW lose 14.25% yesterday and close at $0.0157 after a total of 7.12 million traded shares generated $102 thousand in daily dollar volume.
Having such a low market cap makes AXPW quite unpredictable, so you should be sure to do your due diligence and weigh out the risks before putting any money on the line.
