A Good Month of Climbing for International Commercial Television Inc. (OTCMKTS:ICTL)
The stock of International Commercial Television Inc. (OTCMKTS:ICTL) was steadily descending the charts on low volumes until the middle of November. As the company filed their Q3 report and made several optimistic announcements, however, the ticker started to climb and made an impressive run in the final month of the year.
ICTL seems to be expanding and this is having a positive effect on their stock’s price. The company recently announced that its Director and CFO, Richard Ransom has purchased 40 thousand shares after the positive quarterly report that was filed with the SEC on November 13 and this boosted investor confidence.
Yesterday’s session was another success and ICTL jumped 11.43% in price on almost twice its average volume. While the price was going from $0.70 to a close at $0.78, we saw a total of 244 thousand shares switching hands that in the end generated $184 thousand in dollar volume.
The interest in ICTL‘s stock was strenghtened further with the announcement that the company plans to expand and has launched their skin care product, DermaWand in Mexico, which shouldn’t be that much of a worry considering their latest financials.
- cash: $752 thousand
- current assets: $4.7 million
- current liabilities: $2 million
- revenues: $8.3 million
- net income: $100 thousand
As you can see, the company has managed to operate at a profit, which is rather small considering the revenue, but can still be viewed as a good sign. The cash reserves have remained almost the same, while the current liabilities have been lowered by 50%, which is great.
Another good thing is that ICTL finished the nine month period that ended September 30 with a $1.9 million in net income, compared to a $126 thousand net loss for the same period in 2012.
With the current situation the stock of ICTL can continue to grow in price, however, be sure to do your own due diligence and weigh out the risks if you have thoughts of betting on it.
Provectus Pharmaceutical Inc (OTCMKTS:PVCT) also had a decent session yesterday, in which it managed to climb 21% on a high volume of traded stock. Dewmar International BMC Inc (OTCMKTS:DEWM) shareholders on the other hand were not so fortunate as the ticker lost 23% of its price.
