Ubiquitech Software Corp (OTCMKTS:UBQU) Going Up The Charts

[[tagnumber 0]][[tagnumber 1]]We haven’t covered the stock of Ubiquitech Software Corp (OTCMKTS:UBQU) for quite some time and there is a pretty good reason for that. The ticker has become quite illiquid and records sessions with a daily dollar volume of more than $10 thousand quite rarely.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, the daily percentile movements of [[tagnumber 6]]UBQU[[tagnumber 7]] are quite big. This month has seen some more action, but volumes have mainly remained small, apart from one session in the beginning. More recently the company filed its financial report for the quarter ended February 29, 2016 and it contained the following numbers of prime interest.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $73 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $438 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $59 thousand[[tagnumber 13]] [[tagnumber 12]]revenues: $697 thousand[[tagnumber 13]] [[tagnumber 12]]net income: $63 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It is a good sign that [[tagnumber 6]]UBQU’s[[tagnumber 7]] liabilities are so small and the company has already managed to generate net income, although small. Still, the cash reserves of the company are staying quite small even for an OTC entity and it’s just a good thing that its market cap is not that big as well.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Recently, the company came out with a press release that mentioned the increase in revenue and other optimistic figures. This helped [[tagnumber 6]]UBQU[[tagnumber 7]] take a more firm upward direction and the ticker has been climbing in the past three sessions, making impressive gains.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The latest session saw [[tagnumber 6]]UBQU[[tagnumber 7]] climb 22.86% and close at $0.043.  And while the volume was also quite bigger than the average, the 1.99 million shares that changed their owners at those prices managed to generate only $91 thousand in daily trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It is still uncertain if [[tagnumber 6]]UBQU[[tagnumber 7]] will continue to climb up the charts, but considering the liquidity problem that the company stock has you should be certain to do your due diligence and weigh out the risks before making any moves.[[tagnumber 2]]