Anastas Gegov

Jones Soda Co. (USA) (OTCMKTS:JSDA) Climbing The Charts

by Anastas Gegov February 9, 2016

The past couple of months weren’t that bad for Jones Soda Co. (USA) (OTSMKTS:JSDA, JSDA message board). The Company did slide a bit lower from the heights that it reached in November, but it still didn’t drop to the lows at which it was trading throughout most of the past year.

 

The again, JSDA isn’t your typical pennystock. Most ventures whose stock is traded on the OTC marketplace tend to have horrible financial statements. In this case we see that the company recorded pretty decent numbers in the end of the third quarter of last year.

 

  • cash: $491 thousand
  • current assets: $6.02 million
  • current liabilities: $3.8 million
  • quarterly revenues: $3.76 million
  • quarterly net loss: $179 thousand

 

Those are some solid figures, but they have been getting worse year-over-year. Still, that doesn’t seem to have much of an effect on JSDA and we see that the ticker is doing pretty well. In the middle of last month the company announced the launch of its new brand Lemoncocco™.

 

We have seen the stock gain altitude slowly, but surely since then. Despite the lack of recent news we saw JSDA add 11.73% to its value yesterday and close at $0.52, while a total of 301 thousand traded shares generated $150 thousand in daily dollar volume.

 

JSDA is still moving up in today’s trading, but this doesn’t mean that you should skip doing your due diligence and weighing out the risks before putting any money on the line.

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