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Author:
By Boyan Angelov
Sep 04, 2014

Lamperd Less Lethal, Inc. (LLLI) Corrects After Latest Climb

On Tuesday, Lamperd Less Lethal, Inc. (LLLI) soared up the charts once again with a 110% increase in price, bringing the stock to $0.183. After a correction from yesterday's session, LLLI stock is now being traded at $0.155.LLLI_chart0309.png

The company's success came about after an 8-K was issued on August 25, reporting that the venture's new camera will be going through trials with Defense Research Development Canada (DRDC). LLLI's product will reportedly be tested for the Royal Canadian Mounted Police (RCMP) which intends to purchase 17 thousand body worn cameras.

An increase in sales for LLLI would certainly be an improvement that the company could use. The latest financial report submitted by the venture does not show a firm financial backing. The quarterly report for the period ended June 30, 2014 lists the following:

  • Cash: $0
  • Total current assets: $256,4 thousand
  • Total current liabilities: $233,5 thousand
  • Revenues: $236,9 thousand
  • Net loss: $334,7 thousand

With no cash on hand and a limited asset base, LLLI has a challenging task when it comes to financing its ventures. The revenues from the period are decent at best. LLLI also has an accumulated net loss to handle.

Since the company received approval from the Canadian government for the departmental purchase of its products on August 21, LLLI has been experiencing a significant growth. What is puzzling, though, is the latest increase which happened after no further news had been given.

LLLI_logo.pngCorrections for penny stocks after a sharp rise tend to happen quite often but before another increase is to take place, there is usually some further news to get the interest back. In this case, however, LLLI's stock just got back up on a high rise after the excitement seemed to be wearing off. The ticker is now back to high volumes once more at an impressive trade value of $2,69 million from the last session. A correction still occurred after the latest rise, though.

Looking at the unstable movement of LLLI's stock lately, it may be wise for investors to do their due diligence before deciding whether or not the company's shares would make a good investment.

Average Reader Price Target For LLLI:

Going Down!
0.1554

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Reader Valuation Chart

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