Sigma Labs, Inc.(OTCMKTS:SGLB) Continues Breaking Records
Sigma Labs, Inc. (OTCMKTS:SGLB) started the week with a strong momentum that lifted the stock 30% upwards to close at $0.069. Yesterday the trend carried over and although the gain was more modest – just 18.7% the traded volume reached levels never before seen by the ticker. The unprecedented interest shown by investors culminated in more than 22 million shares shifted throughout the session. This amount is truly massive for the company that averages around a million shares.
SGLB has started to attract attention and articles about them have began popping up here and there in specialized sites. Undoubtedly this exposure will bring their stock to higher grounds as more and more investors decide to jump in but it also has a negative side. On July 8 we received the first pump email about SGLB in more than 2 years. For now it discloses no received compensation and the newsletter, Tomorrow in Review, has just started operations. We certainly hope that this is not the harbinger of a more widespread pump job as we have seen countless examples of stocks being flattened under the promotional pressure.
And for now SGLB seem to be unable to support a much higher price per share. According to their latest financial report they finished the period ending March 31 with the following results:
- $194 thousand cash
- $302 total current assets
- $106 thousand total liabilities
- $164 thousand revenues
- $196 thousand net loss
The company has a strong balance sheet. The cash reserves should be enough to carry them through to the end of the year, the amount of debt is kept at a minimum and they are revenue generating. Currently they receive positive fund streams only from their consulting subsidiary while the other is still developing their 3d printing technology for metal parts. They have entered into joint ventures with some major companies and if they achieve positive results profitability should be too hard to attain.
Doing your due diligence should never be neglected though because SGLB is still a penny stock and is prone to significant volatility. The ticker is easily affected by press releases and the hype generated around 3d printing in general.
The stock of Sanborn Resources Ltd (OTCBB:SANB) is going strong and climbed further by 17% but that isn’t such a surprise when the ticker is supported by a pump with a budget of $3 million. A while back the people behind the pump were praising another company – Northumberland Resources Inc (OTCMKTS:NHUR) who had a second horrendous session in a row and wiped nearly a fifth of their value.
