Scott’s Liquid Gold Inc. (OTCMKTS:SLGD) Surges On Quarterly Results
[[tagnumber 0]][[tagnumber 1]]Scott’s Liquid Gold Inc. (OTCMKTS:SLGD) is one of the most stable OTC marketplace companies out there, but rarely receives a lot of investor attention. The last time we wrote about it was way back in the beginning of September last year when the ticker suddenly began climbing up the charts and recorded increased trading.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Back then the company managed to climb above the $1.50 per share mark, but began to slowly slide down the charts and the daily volumes got lower and lower. This is rather strange as [[tagnumber 6]]SLGD’s[[tagnumber 7]] market valuation still sits below $20 million, while its financials are quite impressive. Here are some of the numbers contained in the report for the first quarter of this year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $5.94 million[[tagnumber 13]] [[tagnumber 12]]current assets: $14.3 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $2.03 million[[tagnumber 13]] [[tagnumber 12]]net sales: $7.85 million[[tagnumber 13]] [[tagnumber 12]]net income $756 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those numbers are pretty decent for a pennystock, yet [[tagnumber 6]]SLGD[[tagnumber 7]] has a hard time attracting investor attention. The report in question was filed yesterday and it did manage to stir things up a little bit.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]SLGD[[tagnumber 7]] climbed by 12.50% in value and closed at $1.35. A total of 332 thousand shares changed their owners and generated $446 thousand in daily dollar volume, the biggest one in more than six months.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company stock gapped up in today’s trading at $1.45, but has since slid to $1.40 per share, showing some signs of hesitations. The volume seems rather small and we may see [[tagnumber 6]]SLGD[[tagnumber 7]] become illiquid once again.[[tagnumber 2]]
