SIGA Technologies, Inc. (OTCMKTS:SIGA) Still Going Up
The overall performance of SIGA Technologies, Inc. (OTCMKTS:SIGA)’s stock in this year has been rather satisfying. The ticker has managed to climb up the charts and regain most of the value that it lost last year with very little setbacks.
The company’s market cap has climbed well over the $100 million market cap, which should come as no surprise, considering the fact that it is one of the most solid OTC entities that was once traded on the NASDAQ national exchange. The numbers in the company’s latest financial report speak for themselves.
- 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 pretty impressive and can, ironically, explain why SIGA has received so little attention. Most of the thrill-seekers that usually trade pennystocks are simply not interested in solid ventures and they prefer more volatile stocks – turning their trading efforts into a gamble.
This, however, hasn’t stopped SIGA from climbing the charts, even without the help of press releases or paid pumps. Yesterday the ticker added another 7.39% to its value and finished the session with a price of $2.18 a pop, while a total of 379 thousand traded shares generated $798 thousand in daily dollar volume, the biggest in the last 10 trading sessions.
And while SIGA is still going up today it doesn’t mean that you should jump in without doing your due diligence first.