SIGA Technologies, Inc. (OTCMKTS:SIGA) Climbing The Charts
tags: SIGA
SIGA Technologiesn, Inc. (OTCMKTS:SIGA)’s performance since the beginning of the year has been satisfying for long-term investors, but traders might have had some low points. The ticker has managed to gain quite a lot of altitude, regaining most of the value that it had lost in 2015.
The market cap has reached $100 million, but this is normal for an OTC pharmaceutical company. SIGA, however, isn’t your regular pink sheet stock. The company was once traded on the NASDAQ national exchange and has a serious business. Its financial state is also pretty impressive, compared to what we are used to seeing from other over-the-counter entities.
- cash: $104 million
- current assets: $128 million
- current liabilities: $13 million
- quarterly revenues: $1.27 million
- quarterly net loss: $10.44 million
Those numbers are certainly impressive and make us wonder how SIGA is so idle. The company stock has followed the trend of other strong entities traded on the OTC marketplace that receive little investor attention.
The ticker has managed to make a great upward run recently, without the help of any news. Yesterday’s 8.19% gain pushed SIGA to a close at $1.74, but we saw only 49 thousand shares change their owners, generating $86 thousand in daily dollar volume.
SIGA is showing some hesitation in today’s trading, so you should be sure to do your due diligence and weigh out the risks before putting any money on the line.
