Anastas Gegov

Implant Sciences Corporation (OTCMKTS:IMSC) Surging Without Obvious Reason

by Anastas Gegov June 7, 2016

After a great run in April we saw the stock of Implant Sciences Corporation (OTCMKTS:IMSC, IMSC message board) reach a price of 80 cents per share in the first half of last month, before beginning to hesitate and embark on a downward slide that obliterated a big portion of the value that the ticker had gained.

 

As IMSC was falling down we saw a sudden decrease in daily volumes and it was obvious that there were very few people interested in trading the company stock. The few press releases that come from the company and the numbers that were contained in the recently filed report for the first quarter of the year might also be the reason for the lack of investor confidence.

 

  • cash: $280 thousand
  • current assets: $14.7 million
  • current liabilities: $99.66 million
  • quarterly revenues: $10.74 million
  • quarterly net loss: $4.09 million

 

Those are some pretty serious numbers for an OTC marketplace listed company, but the market cap of IMSC is not that small either. The thing is that the liabilities of the company are pretty massive and are increasing at a disturbing rate, while the net loss is staying relatively the same, showing us that IMSC is far from profitability.

 

Despite this and the lack of news we saw IMSC surge, gaining 19.97% yesterday and closing the session at $0.669. A total of 156 thousand shares changed their owners, but managed to generate only $95 thousand in daily dollar volume.

 

The upward rush will most likely be short-lived as IMSC is already 2.84% in the red in today’s trading, sitting at 65 cents per share. Be sure to do your due diligence and weigh out all the risks before making any trades.

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