NanoTech Entertainment, Inc. (OTCMKTS:NTEK) Climbing The Charts

NenoTech Entertainment, Inc. (OTCMKTS:NTEK)’s stock didn’t start the month well and was gradually descending the charts. More recently, however, things changed and the ticker closed the past week on a good foot.

Even though the company filed a decent Q3 report not so long ago, their stock is struggling and most of their sessions lately have been ending in the red. After the company announced that it had made a financial investment in silicon valley startup, NovoSensus last week, however, NTEK started to climb the charts.

After managing to stabilize itself on Wednesday, the company stock began moving up in price and registered decent volumes of traded shares. While adding 6.33% to its value on Thursday, NTEK traded in almost 6.4 million shares, which generated a trade value of $831 thousand.

The final day before the weekend went even better when the company stock climbed another 10.29% in price, closing at $0.15 per share. This time, the amount of shares that switched hands was smaller, with 3.5 million and generated $506 thousand in dollar volume.

The company keeps their investors well informed and considering the fact that they have been operating at a profit in the last quarter there isn’t any reason for their stock to stop rising. The company market cap of $71 million, however, seems a bit steep, having in mind the net income of only $79 thousand and this may halt their ascent.

All in all, NTEK has yet to prove that it can sustain its growth and continue developing. This is the exact reason for which we would advise you to do your due diligence and weigh out the risks.

Infinity Augmented Reality, Inc. (OTCMKTS:ALSO) continued its climb, both in value and volume, adding another 12% to its price. Biozone Pharmaceuticals, Inc. (OTCBB:BZNE) also finished the week in the green, gaining value in a second session since the descent their stock has been experiencing after the start of November.