Soligenix Inc (OTCBB:SNGX) Going Up

[[tagnumber 0]][[tagnumber 1]]Soligenix Inc (OTCBB:SNGX) has remained rather stable in the past several months, hovering around the $1 per share mark. The daily trading doesn’t seem too heated which has allowed the price to barely move, despite the news coming from the company.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, we saw [[tagnumber 6]]SNGX[[tagnumber 7]] post their financial report for the third quarter of the year, which also failed to have an effect on the stock’s trading. Here are some of the numbers of prime interest contained in the balance sheet for the period ended September 30.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $4 million[[tagnumber 13]] [[tagnumber 12]]current assets: $6 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $6.82 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $3.87 million[[tagnumber 13]] [[tagnumber 12]]gross profit: $828 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those digits certainly look better than the ones we got to see for the second quarter of the year. Still, as we previously said, they failed to do much for the ticker. The latest big percentile movement can be most likely attributed to a research article issued by Zacks Small Cap Research on November 30.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After it was issued we saw [[tagnumber 6]]SNGX[[tagnumber 7]] climb 13.99% in yesterday’s session and close the day at $1.10. A total of 266 thousand shares changed their owners and generated $287 thousand in daily dollar volume, the biggest in more than a month of trading.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]SNGX[[tagnumber 7]] shows some signs of hesitation in today’s session, however, so you should be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]