Sigma Labs, Inc. (OTCMKTS:SGLB) Gains on News of Grant News

It’s been a slow September for Sigma Labs, Inc. (OTCMKTS:SGLB), as the stock came down from a promotional peak and drifted sideways between 5 and 7 cents. But now news may boost the ticker to a higher price range, as SGLB announced it received fresh research funding to improve 3D printing. SGLB0925.pngIWSY0925.png

So far, additive manufacturing remains tediously slow and limited. Still, companies are developing their specialty printers, ones capable of working with various materials. Now, SGLB has the chance to improve the process further. The U.S. Department of Commerce’s National Institute of Standards and Technology announced an $5 million funding program- only SGLB will not take the whole lot, which would be distributed among businesses and universities.

SGLB could indeed use some extra cash, as it last showed:

  • $463 thousand in cash
  • $470 thousand in current liabilities
  • $307 thousand in Q2 revenues LQMT0925.png
  • $122 thousand in Q2 net loss

SGLB and the other groups in the team will be working to produce market-ready 3D printed parts, especially metal details- which so far have existed only in prototype form. But when it comes to the stock price, the grant and the hopes may not be reflected so easily.

SGLB grew by about 9% to $0.084 on dollar volumes a bit above $712,000. Touching 10 million shares, the volume following the press release is a few times larger than the trading in the past month. While this is a positive development, it shows that SGLB is mostly active when there is noise and hype. This also means that SGLB may rise on expectations leading up to its next quarterly report. Ten cents is considered the new possible price, and it may be doable, since the ticker opened with a tentative gain on Wednesday.

Another technology of the time, mobile biometric tracking, helped boost the stock of Image Ware Systems, Inc. (OTCMKTS:IWSY). Unfortunately, IWSY weakened after the promotions and drifted sideways in September, much like SGLB. Until recently, IWSY hovered around $2, but now has deflated to around $1.65.

Liquidmetal Technologies, Inc. (OTCBB:LQMT) is another company linked to handheld gadgets, and offering liquidmetal prototypes for various industries. The stock hovered at around 10 cents, but hs been shaken down to 15 cents in the past days.

If you still believe SGLB is going somewhere and days of development are coming soon, it is still best to load just as much stocks as you can hold through unexpected crashes. SGLB is not disproportionately inflated by promoters, but this is still no guarantee for lack of selling and an exodus in investors.

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