Sigma Labs, Inc. (OTCMKTS:SGLB) Picks Up in Volume
After a couple of weeks of slower trading and faded share volume, on Wednesday Sigma Labs, Inc. (OTCMKTS:SGLB) cropped up among the most heavily traded OTC stocks once again. Yesyerday SGLB moved 9.1 million shares and closed 6% down, at $0.12 per share.
This is the third time SGLB‘s share price bangs on the $0.12 mark in the last three months. The first time the ticker even slipped a tad lower but immediately bounced back. The second time was just a week ago. Once again, Sigma recovered but with a much smaller move up.
The company has been keeping a low profile on the press release front with their last announcement coming on Jan. 23. Sigma announced they were part of the winning team for an ‘America Makes’ project that should bring in an estimated $750 thousand in revenues over the next year and a half.
Sigma’s last filing dates back to mid-January and concerns the issuing of 43 million restricted shares in a private placement. The placement pegs the share price at $0.08, a discount from the market price from the date of the agreement. The market may be pushing SGLB closer to that offering price as a natural reaction but the funds will also assist the company in commercializing its PrintRite closed-loop QA system for additive manufacturing.
Traders remain mostly optimistic about SGLB‘s future but the stock doesn’t seem to be poised for any immediate big movements. What traders may be more interested in is the price bouncing off of the $0.12 mark once again. Whether than happens remains to be seen.
It’s almost time for SGLB to file its annual report but that is not really expected to cause a big splash. The company’s make-or-break year is going to be 2014 and the report for the first quarter will probably make for more interesting reading than the 10-K for 2013.
