BIO-key International, Inc. (OTCMKTS:BKYI) Continues To Climb
After a long period of moving sideways we finally saw BIO-key International, Inc. (OTCMKTS:BKYI)’s stock take a more firm direction and fortunately for investors it was an upward one. The company has recorded a single session in the red since May 31 and the daily volumes have gone up significantly.
The most probable reason for the positive sentiment towards the stock of BKYI is the report that the company filed in the middle of last month. It covered the first quarter of the year and contained the following numbers of prime interest in its balance sheet.
- cash: $303 thousand
- current assets: $1.2 million
- current liabilities: $1.49 million
- quarterly revenues: $648 thousand
- quarterly net loss: $924 thousand
Those numbers are fairly decent by OTC standards. Meanwhile, the revenue expectations of BKYI for the year are in the range from $5 million to $7 million. It seems that this was enough for investors to get excited and begin pushing the company stock up the charts.
BKYI hasn’t issued any press releases since the end of last month, but the ticker is keeping a firm upward direction. Yesterday we saw it gain 14.58% in value and close at $0.28, while a total of 1.22 million traded shares generated $321 thousand in daily dollar volume.
The company stock has managed to keep this price after dipping to a low of $0.26 and climbing to a high of $0.29 per share in today’s session. In any case, you should be sure to do your due diligence and weigh out the risks before putting any money on the line.
