Jones Soda Co. ( USA ) (OTCMKTS:JSDA) Dives Before The Weekend
Jones Soda Co. ( USA ) (OTCMKTS:JSDA) is one of the rare penny stock companies that have impressive numbers in their financial filings. Nonetheless, the company is still unable to operate at a profit and the people who invest in it take each small bad sign into consideration.
This is exactly what happened in Friday’s session, after JSDA filed their Q3 financial report. The numbers of prime interest contained in the filing can be seen listed below.
- cash: $1.1 millions
- current assets: $6.2 million
- total assets: $6.7 million
- total current liabilities: $2.1 million
- revenues: $4.2 million
- net loss: $330 thousand
As you can see the company is doing pretty good, apart from the fact that it still operates at a loss. What is even more disturbing is the fact that the loss has more than trippled from the time they filed their Q2 report and we reckon this is the reason for the dip before the weekend.
JSDA‘s percentile movements in price are usually small, but the 10% drop it made on Friday couldn’t be missed. The volume of stock was also above the average with 358 thousand shares switching hands that generated $250 thousand in dollar volume.
Today, JSDA gapped down and opened at $0.66 per share, but quickly regained the loss and is currently being traded at Friday’s closing price of $0.70. Will it manage to regain the loss from last weeks final session is for time to tell.
In any case, be sure to do a lot of due diligence and weigh out the risks if you have thoughts of investing in JSDA.
Globalstar, Inc. (OTCMKTS:GSAT) also slipped in Friday, but its loss in price was smaller and the ticker dropped only 5%. Global Earth Energy, Inc. (OTCMKTS:GLER)’s session, however, went more unfortunately and the stock lost a hefty 26% of its value.
