Sigma Labs, Inc. (OTCMKTS:SGLB)’s Halted Momentum
After Sigma Labs, Inc. (OTCMKTS:SGLB) made it through the 10 cent mark in the end of last month it has set its eyes on reaching even higher grounds. A steady climb throughout this month looked like it was going to push them above 20 cents per share yesterday, but the stock had a little stop right before it could achieve that.
This week started rather promising and SGLB registered some decent gains in value alongside an increase in volumes of traded stock. After it gained 16% on Monday and 19% on Tuesday, however, it was stopped in its tracks while headed to breach the 20 cent mark.
Tuesday’s 19% gain put them 1 small step away from the goal as the ticker closed the session with a price of $0.194 per share. Yesterday, the price managed to go above $0.20, but only for a brief moment and was crushed by the huge amounts of traded stock.
SGLB continued to sway until the end of the session when the ticker closed 4.64% below the previous day at $0.185. The total amount of shares that changed owners came at a whopping 13 million and helped generate a hefty $2.5 million in trade value.
What’s good about SGLB is the fact that you can clearly see the progress the company is making in their financial statements.
- cash: $463 thousand
- total current assetsk: $634 thousand
- total current liabilities: $470 thousand
- total revenue: $307 thousand
- net loss: $102 thousand
As you can see the company has a decent amount of cash available on hand, as well as low liabilities. Another good sign is that they managed to reduce the net losses for the secont quarter of this year with almost 70% compared to 2012. The revenue is increased by 186% when comparing the two periods.
SGLB seems to be one of the most stable companies in the OTC Markets at the moment and another good sign for that is the fact that their stock hasn’t been promoted in more than 3 months. Nonetheless, be sure to do a lot of due diligence and weigh out the risks, because it can go anywhere depending on the news.
Among the other companies that generated quite some dollar volume yesterday were Globalstar, Inc. (OTCMKTS:GSAT) and NanoTech Entertainment, Inc. (OTCMKTS:NTEK) with $7.5 and $2.5 million respectively.
