Sigma Labs, Inc. (OTCMKTS:SGLB) Swings Down

On Friday the stock of Sigma Labs, Inc. (OTCMKTS:SGLB) reversed back in the red once more, closing 10% down on volume that swelled back up to 7.2 million shares.

The last few months have been particularly exciting for SGLB shareholders. In the beginning of August the ticker was trading as low as $0.04 per share. By the first days of October SGLB had already managed to pierce the $0.10 mark and kept climbing, with slight pullbacks following every upward spike.

The company works in the field of 3D printing, a term that may be commonly associated with making plastic figurines out of a software model, but one that is also so much more, as the involvement of major corporations in the industry has shown. Traders appear very enthusiastic about SGLB as in the recent months the company’s name appeared in the same sentences along with names such as General Electric, among others.

Even though Sigma openly stated that they are not big enough to bring its tech to the market on its own, the company does have established relations and certain memorandums of understanding with big distributors who allegedly are a party in talks between SGLB and potential clients.

Last Wednesday SGLB published a form 8-K detailing the agenda and voting outcome of the company’s annual meeting of shareholders, with mostly procedural proposals that were accepted with a large majority.

Even though Friday’s 10% drop was the company’s biggest percentile red close this month, it should also be noted that last Monday and Tuesday marked its biggest scramble up the charts, so a retrace was likely and may even be healthy in the longer run.

Other big moves made by OTC stocks on Friday include Imageware Systems, Inc. (OTCMKTS:IWSY) who surged by 18% to arrive to a close of $2.02. Pushed by an batch of new pumps emails, Urban Ag Corp. (OTCMKTS:AQUM) gained another 52%, to arrive at a deflating close of $0.003 per share.