SIGA Technologies, Inc. (OTCMKTS:SIGA) Gaining More Altitude
tags: SIGA
SIGA Technologies, Inc. (OTCMKTS:SIGA) has been climbing the charts for some time now and has managed to gain quite a lot of altitude, while being relatively slowly traded. The company stock is doing this even without the aid of any new press releases.
The last time SIGA issued any PR was 3 months ago and the company has only been the topic of some articles since then. The upward run, however, is not that surprising, considering the market cap of the company stock and the numbers contained in its latest financial report.
- cash: $104 million
- current assets: $128 million
- current liabilities: $13 million
- quarterly revenues: $1.27 million
- quarterly net loss: $10.44 million
By now, the market value of SIGA has climbed to around $130 million, which seems a bit low for an entity with such a balance sheet. The ticker, however, keeps climbing. Yesterday it added another 10.09% to its value and finished the session with a price of $2.40, while the 555 thousand traded shares generated $1.32 million in daily dollar volume, making it one of the most heavily traded OTC stocks.
The company stock, however, seems a bit hesitant today, so you should be sure to do your due diligence and weigh out the risks before putting any money on the line.
