Sigma Labs, Inc. (OTCMKTS:SGLB) Still Inching Up
Despite the short post-Thanksgiving session on Friday, the share price of Sigma Labs, Inc. (OTCMKTS:SGLB) still managed to move a tad higher, stopping a fraction of a percent up at $0.258 per share. The ticker moved a little over 7 million shares over the half-day span – more than it did over many recent full sessions, which indicates a continuing increased interest on part of traders.
Sigma Labs opened up and maintained levels above $0.26 over the morning hours but took a bit of a slip and closed nearly flat. All the investor excitement surrounding SGLB is connected to announcements from big companies for new forays into 3D printing. Most notably, General Electric Aviation recently made headlines with their intentions to turn to additive manufacturing for airplane parts – a process that would significantly decrease production costs.
SGLB‘s PrintRite3D, a QA system, is probably the company’s biggest bet in the 3D printing space. The hopes of investors are riding on the company scoring big contracts with a even bigger companies. So far SGLB has memorandums of understanding but those are not quite contracts. The company recently extended its contract with Honeywell Aerospace to further demonstrate its technology to the NYSE-listed company.
There has been ongoing talk that the 3D printing sector as a whole is overvalued but the jury is still out on this one. For smaller companies in the sector such as SGLB it’s still uncertain ground. If Sigma manages to persuade someone like General Electrics that SGLB‘s products are a cost-effective, quality option, there may be months of smooth sailing and a significant price surge ahead. However, the company has not quite got there yet and nothing is certain. Sigma expects to commercialize its products in fiscal 2014, as it’s still generating revenues from services and not product sales.
Other dollar volume movers in Friday’s short session include Notranomics, Inc., f/k/a Buka Ventures, Inc. (OTCBB:NNRX) who managed to close nearly 7% up on a share volume of just over 1 million. 22nd Century Group, Inc. (OTCBB:XXII) closed over 6% green, stopping at $1.30 per share.
