Sigma Labs, Inc. (OTCMKTS:SGLB) Slides Further Down the Charts

Sigma Labs, Inc. (OTCMKTS:SGLB) are still suffering the aftermath of their latest promotional effort which helped them gain momentum and reach a peak in price with $0.119 per share. The last week of trading went terrible for them as they continued to slide down the charts and even the optimistic news that they managed to raise $1.2 million couldn’t save their stock’s price.

After SGLB reached a peak in price around July 18 their stock started slumping and by now it has lost a total of 41% from its value. They gathered even more momentum in a southern direction last week after they started diving at the end of the previous. All this was marked with frenzied dumping of stock, a thing that we are quite sure helped their downfall.

The average volume for the company’s stock is quite big at 6 million shares, but there are big fluctuations from day to day that shape it. The incosistency of the volume helps shape the price and when you combine that with the fact that there is a pump involved the stock becomes very risky.

Volumes last week were ranging from the average amount of 6 million to nearly 20 million shares generating trade values of above $400 thousand and even $1 million on one occasion. Friday’s session was one of the quietest with 6.6 million traded sessions, and a price drop of only 2.86% making the trade value of $431 thousand for the day.

This week didn’t start better either. Yesterday the stock of SGLB lost 17% more from its value and dropped from $0.072 to close at $0.056. The trading was most intense in the first hour, but after the price plummeted things quieted down and the stock continued to move in a seemingly straight line through the day, registering no big drops or jumps.

Even though SGLB has a long history of being pumped it is at a peak of trading. The volumes are higher than ever and the total amount of shares that switched hands yesterday came at 11 million. The trade value that yesterday’s trading generated came at $654 thousand.

Today isn’t starting good either and we already registered the first big spikes in volume which helped bring the price 12% down in less than an hour after market open. SGLB‘s stock price is currently nested at $0.049 and the total amount of traded shares in this short time came at more than 2.5 million. The total trade value to this moment amounts to $133 thousand.

Where will SGLB go from now? It will probably continue in the same direction if there are no optimistic press releases or a new pump is not initiated, as their price relies mainly on these events. If you do decide to buy in the low be sure to do a lot of due diligence and weigh out the risks for yourself.

Another post pump company that is having a bad time after it was promoted back on July 15 is Primco Management, Inc. (OTCBB:PMCM), who started sliding down the very next day after they were promoted. Currently they are having a hard time to regain their previous positions and are priced at $0.0050 per share.

On the other hand Sanborn Resources Ltc (OTCBB:SANB) are currently being promoted, but they will probably continue to move through the charts in the same way they did in their short life of trading. They are rising at the moment with a current price of $0.495 per share.