Georgi Kamburov

Jones Soda Co. ( USA ) (OTCMKTS:JSDA) Registers Record Volume

by Georgi Kamburov February 16, 2016

During Friday's trading Jones Soda Co. (USA) (OTCMKTS:JSDA, JSDA message board) saw over 1.5 million of its shares changing hands. This is the biggest daily volume registered by the company for over three years. Despite the significant increase in interest the stock was barely able to close the day in the green.

Nearly all of the shares were exchanged in the last hour of the trading day when JSDA was at its lowest point. In fact, if the stock hadn't made a last minute surge that pushed it 1.47% in the green JSDA would have logged in their third session of losses in a row. For now, however, the stock of the company is holding on to its gains from the last couple of weeks. Will the ticker manage to keep trading near its 52-week high of $0.5625 that was reached a week ago?

We have often stated that JSDA lacks many of the typical red flags associated with pennystocks. After all, prior to getting delisted in 2012 the company was actually trading on the NASDAQ national exchange. And while it has a real product and generates impressive revenues you should still use caution. JSDA have not achieved profitability just yet finishing the third quarter of 2015 with:

• $491 thousand cash
• $6 million total current assets
• $3.8 million total current liabilities
• $3.76 million revenue
• $179 thousand net loss .

The lack of new press releases - the last one is now over a month old, the pressure of maintaining its current prices, and the upcoming annual report that should be submitted by the end of next month could all influence the movement of the stock. That is why you should do your own due diligence before committing to any trades.

Comments 1

1. Guest
February 17, 2016, 01:48PM

Quotes They have a new exclusive soda line at 7-Eleven. Details haven't been announced yet, but found this instagram.com/p/BByJK-vKE73/

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