Sigma Labs, Inc. (OTCMKTS:SGLB) Closes Green, Sails to New 52-Week High

Yesterday Sigma Labs, Inc. (OTCMKTS:SGLB) managed to pierce through $0.13 per share and add a further 2 cents to its price by the closing bell, shifting over 5 million shares in the process. The stock hit its previous 52-week high and sailed past it with relative ease, ending the session 28% up.

The market movement was, thankfully, not caused by stock promoters. As we already mentioned in a previous article, it’s very likely that Sigma Labs sped up the general uptrend from the last couple of months due to an article published on Investor’s Business Daily. The publication never mentions SGLB but is instead about General Electric and how deeply 3D printing technology may soon penetrate GE’s business.

SGLB is not the only 3D printing company in the world but they did sign a joint development agreement with the bigger company this year. It seems the first session following the article on GE and 3D printing was just testing the ground and yesterday’s session was the real kicker, with volume doubling from Tuesday’s already high value and the ticker surging throughout the session with no significant dips.

If the company manages to deliver on its promises for commercialization of its technology in the next few months, SGLB may see even better days. However, the company’s revenues are still derived from services and not product sales and its cash resources are not big enough for SGBL to wave off the net losses it logs. Additionally, such sharp green climbs are more often than not followed by retraces and traders may want to be careful when chasing such climbers.

Other signfificant movers in yesterday’s OTC session include Globalstar, Inc. (OTCMKTS:GSAT) who finally gave in and closed over 8% down after a mad green rush. Titan Pharmaceuticals, Inc. (OTCBB:TTNP) closed 7% down after a few days of climbing.