Sigma Labs, Inc. (OTCMKTS:SGLB) Remains Red, Reins in Drop
Sigma Labs, Inc. (OTCMKTS:SGLB) seems to be headed for a disappointing close of the week. The stock has dropped about 25% from its Monday open, closing red again on Thursday. SGLB moved nearly 6% down, stopping at a close of $0.12.
The ticker charted its third red day in a row, now riding the downward slope of the roller coaster it got onto at the start of October. Investors are somewhat polarized on the question of the immediate future of the stock.
There’s the optimistic die-hard supporters who simply dismiss the movement of the price over the last few days and prophesy the stock more than doubling from its current price come late November. On the other side of the fence are the people who are fully conscious of the slip currently taking place who are wondering what a realistic level for the price would be, considering the price has moved primarily on news about SGLB and the possibilities of using 3D printing in the aerospace industry.
The situation of SGLB remains uncertain as the stock has been hugely volatile over the month. While the potential certainly seems to be there, the moment the company’s MoUs turn into actual inked contracts, the share price will have a very good reason to skyrocket. As things stand at the moment, the stock could head either way from its current position. Long and devoted supporters now have a great chance to load up on shares they should consider extremely cheap given their own prognoses.
Other stocks that traded in heavy volume in yesterday’s OTC session include First Titan Corp. (OTCBB:FTTN) who crashed nearly 23%. Creative Edge Nutrition, Inc. (OTCMLTS:FITX) had it even worse, closing over 43% down and stopping at two tenths of a cent per share.