Liberator Medical Holdings, Inc. (OTCBB:LBMH) Still Going Strong

After a considerable pullback in late July that stomped shareholder dreams of breaking through $2.00 per share, Liberator Medical Holdings, Inc. (OTCBB:LBMH) seems to be making another run up to that threshold. Yesterday the stock had a good day, closing another 5% in the green at $1.80.

Volume picked up even more speed at over 300 thousand shares traded yesterday as the swelling price may have attracted more eyes to the stock. Liberator have been doing reasonably well lately and this performance is reflected in their latest financial report, a quarterly for the period ended June:

• $10 million in cash, a $3 million increase on a QoQ basis
• $8 million in current liabilities
• $17.4 million in sales, a $0.7 million increase QoQ
• $2 million in net income, a $0.6 million increase QoQ

Current liabilities have swollen but the majority of the increase is due to the cash dividend LBMH decided to pay out on October 10. The announcement of this cash dividend, a third in the company’s history, along with share buyback plans which have already been put into action with a quarter of a million shares purchased by the company on the open market, was the factor that shot LBMH up in mid-June. Yesterday the official 8-K filing concerning the dividend was published.

Whether LBMH will be able to sustain these levels and prolong this climb may depend on whether enough investors decide to have a little more faith in the company. The previous crash was not triggered by any specific negative bit of news coming out or by a collateral circumstance. The drop looked like it was more likely caused by people who have got used to the price hovering around or below $1.00 over the previous six months. When LBMH hit its July highs, many of those people may have decided to simply cash out. However, the stock is on the rise again and if those people decide to stick around, there may be better times ahead.

Other stocks that landed among the top 20 most heavily traded pennies yesterday include InVivo Therapeutics Holginds Corp. (OTCBB:NVIV) who recovered a portion of what was lost in the previous three sessions. NVIV is currently red in today’s early market. Medical Marijuana, Inc. (OTCMKTS:MJNA) was once again in the top 10 yesterday but the stock barely moved despite generating sizable share volume, closing nearly flat at $0.15.