Sigma Labs, Inc. (OTCMKTS:SGLB) Rises On High Volume
Sigma Labs, Inc. (OTCMKTS:SGLB) has been sliding down the charts since it reached its 52 week peak on July 22. The stock was priced at $0.119 at that time, but started going south and lost quite a lot of its value. Yesterday, however, was a breath of fresh air for people holding shares of SGLB‘s stock, as the company had somewhat of a comeback in the charts price-wise.
In 7 days of trading the stock of SGLB managed to loose 60% of the value that it previously gained on volumes that were usually above their average of 6.5 million shares. The prolonged drop was imminent, because the upward movement of the stock wasn’t inspired by any developments in the company, but by a paid promotional effort.
Yes the stock was moving up in the beginning of last month and there might be two reasons for which the promotional campaign was initiated. The first thing that comes to mind is some of the insiders deciding to ride the wave and promote the stock in order to inflate the price even more and increase the volume, so that they can start dumping.
The other possibility is that the promoters from Tomorrow in Review decided to pump the company in order to gain some reputation. We consider this as an option simply because SGLB is the first comapny that we are aware of, being pumped by the promotional newsletter and they might have had the idea of using it as a lever for their career.
Yesterday, however, went good for the company’s stock as they added 12.82% to their value. The transition from $0.0429 to $0.0484 happened on a big volume with a total of 18 million shares switching hands, generating a trade value that amounted to $826 thousand.
Their market cap is estimated at 20 million, but have you wondered what exactly you will get for that amount of money?
- cash: $194 thousand
- total assets: $517 thousand
- total liabilities: $106 thousand
- quarterly revenue: $164 thousand
- net loss: $196 thousand
They seem to have pretty decent financials and are improving from the same period of last year, as they managed to reduce the losses while increasing their revenue in the same time. They are still to prove themselves as a profitable company, but it looks like they are heading there. Will they be able to make it is another question, so be sure to do a lot of due diligence and weigh out the risks for yourself.
Another company that was traded heavily yesterday and had a gain in price was Liquidmetal Technologies, Inc. (OTCBB:LQMT), who didn’t manage to move much in Wednesday after the 5 sessions in the red that their stock experienced, but gained 22.45% yesterday and are currently priced at $0.18. On the other hand Affymax, Inc. (OTCMKTS:AFFY) registered a second session in the red after their climb in the charts and have a current preice of $1.58.
