Milestone Scientific Inc. (OTCMKTS:MLSS) Rises On Uplisting News

[[tagnumber 0]][[tagnumber 1]]The stock of Milestone Scientific Inc. (OTCMKTS:MLSS) spent the first months of the year trading rather quietly. The low daily volumes were accompanied by percentile movements in price that were rarely significant.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]More recently, however, we see an impressive upward trend. Some positive news from last week cause the ticker to record all the sessions in the green, which wasn’t that surprising since just earlier this month we got to see the balance sheet of [[tagnumber 6]]MLSS [[tagnumber 7]]for the first quarter and it contained some impressive numbers as well.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $9.33 million[[tagnumber 13]] [[tagnumber 12]]current assets: $15.06 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $1.85 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: 2.77 million[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $427 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Some impressive numbers for an OTC company, right? Well, [[tagnumber 6]]MLSS [[tagnumber 7]]is actually no longer an OTC markets company. Last Thursday the company announced that their stock was going to be traded at the New York Stock Exchange (NYSE) market.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Of course, this led to another green session and [[tagnumber 6]]MLSS [[tagnumber 7]]gained 29.03% in Friday, finishing the week at the $4 per share mark. The volume was nearly 10 times the average and the 156 thousand shares that changed their owners generated $533 thousand in daily trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see some hesitation since today’s market open and [[tagnumber 6]]MLSS [[tagnumber 7]]is sitting at $3.75 per share as of the writing of this article. The hype might be over for now so be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]