Sigma Labs Inc (OTCMKTS:SGLB) Pushed Down On High Volume

[[tagnumber 0]][[tagnumber 1]]We saw Sigma Labs Inc (OTCMKTS:SGLB) surge up the charts in the middle of March, but it came down as quickly as it got up and continued to slide as this month began, threatening to drop below $4 per share.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]SGLB[[tagnumber 7]] achieved that in Wednesday’s session after dropping 6.02% to close at $3.90, despite some recent positive news. The market cap of the company isn’t that big, but its financial state isn’t that great either. Here are some of the numbers contained in the annual report filed in the middle of last month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $1.53 million[[tagnumber 13]] [[tagnumber 12]]current assets: $1.89 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $109 thousand[[tagnumber 13]] [[tagnumber 12]]annual revenues: $1.23 million[[tagnumber 13]] [[tagnumber 12]]annual net loss: $1.69 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Despite the fact that the company has managed to significantly increase its revenues and decrease its net loss compared to the previous year we saw [[tagnumber 6]]SGLB[[tagnumber 7]] dropping after the report was filed. Yet another good sign is the small amount that the company has.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And while the financials are not that bad and there have been positive news lately we saw [[tagnumber 6]]SGLB[[tagnumber 7]] take another hit yesterday. The ticker lost 10.26% of value and closed at $3.50, while being traded in significantly higher volumes than the usual. The 63 thousand shares that changed their owners managed to generate $220 thousand in daily trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering the recent measures that the company is taking to increased investor value that we discussed in our previous article we might see [[tagnumber 6]]SGLB[[tagnumber 7]] recover some of the lost ground. Still, that doesn’t mean that you should skip doing your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]