Sigma Labs, Inc. (OTCMKTS:SGLB) Peaked on News of Conference Presentation
After so many days of worry, Sigma Labs, Inc. ( OTCMKTS:SGLB ) revisited and even surpassed its peak prices. Monday was another strong day, adding more than 16% to the price, pushing the 3D printing company to 16 cents. Dollar volumes were above $1.11 million. The reason for the latest jump was another clear sign that SGLB could attach itself to the aerospace industry, harnessing the potential of additive manufacturing beyond the level of novelty. The panel at the Additive Aerospace Summit Conference may not have a direct impact on sales, but may boost publicity for the stock. The Conference will last between October 16th and 18th, potentially creating more active days for the stock. Mark Cola, the Company's President and Chief Executive Officer, will also boost his profile. SGLB received a major boost from the news that it would share in an $5 million grant to improve the speed and quality of additive manufacturing. The company hopes to ease the design and testing process for the aerospace industry. Despite the potential of the company, for now SGLB is starting to look dubious to investors, with 550 million shares outstanding and more than $90 million market cap. So even the new peak may be quite shaky. In the past weeks, another stock went solidly up- Vertical Computer Systems, Inc. ( OTCMKTS:VCSY ), a provider of human resources software and cloud computing technologies. Despite the lack of promotion, a robust connection with modern information technologies supported the ticker to a three-year peak above 10 cents. But just in two days, the ticker lost half of its value, recovering a little to stand at 6 cents. Another struggler that peaked soon was Liquidmetal Technologies, Inc. ( OTCBB:LQMT ). The ticker is still at around 14 cents, unable to repeat the peak at 20 cents. Still, LQMT has shown the possibility for short upward runs, followed by corrections. If you still love SGLB, keep in mind that this stock has shown some deep corrections in the past, sometimes wiping out value over the course of a few days. Do not expect a positive outcome despite the promises, as SGLB will have to go a long way before improving its financial results and covering its initial expenses. The tech sector is among the most active in the penny stock circles, and if you need exposure, keep in mind that hype is often the main factor behind the shares, and sometimes a positive trend will break without a previous warning.