EP Global Communications, Inc. (OTCMKTS:EPGL) Surges On Impressive Volume

[[tagnumber 0]][[tagnumber 1]]The first half of 2015 was going rather slow for the stock of EP Global Communications, Inc. (OTCMKTS:EPGL). The ticker was hovering around the $0.050 per share mark for quite some time and the daily volumes were rather small.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This is not something uncommon for companies traded on the OTC markets that actually have some decent figures in their financial filings as the people who trade pennystocks are usually looking for more volatile choices which can potentially yield high gains, but may also cause great losses. A quick look at the report for the first quarter of the year reveals that [[tagnumber 6]]EPGL[[tagnumber 7]] is actually in a pretty good financial shape.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $13.9 million[[tagnumber 13]] [[tagnumber 12]]current assets: $29.12 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $600 thousand[[tagnumber 13]] [[tagnumber 12]]revenues: $530 thousand[[tagnumber 13]] [[tagnumber 12]]net income $433 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Very few OTC companies can boast about having net income, let alone nearly half a million dollars recorded for the first quarter of this year. The relatively good financial situation, however, might have been one of the reasons for the lack of volatility and therefore lack of interest in [[tagnumber 6]]EPGL[[tagnumber 7]] throughout the first quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]But, as July came we saw the company stock slowly start to climb the charts and the daily volumes increased as well. The, last Thursday, [[tagnumber 6]]EPGL[[tagnumber 7]] issued a press release which announced that the company is going to enter into discussions with Novartis AG (ADR) (NYSE:NVS) concerning the company’s electronic contact lens technologies.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This led to an impressive 30.08% gain in the following session which left [[tagnumber 6]]EPGL[[tagnumber 7]] finish the week with a price of $0.07675. The volume exploded and we saw more than 6.1 million traded shares that generated a total of $425 thousand in daily trade value, nearly 10 times the thirty day average.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This week also started very good for the company stock and [[tagnumber 6]]EPGL[[tagnumber 7]] almost touched the 10 cent per share mark in early trading. Now it has come down a bit lower, but is still 10.75% higher from Friday’s closing price. Have in mind, however, that the market cap of the company which is currently $358 million is quite high, so be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]