Apr. 21 at 1:13 PM
$SKBL 1. Technical Momentum: Strong Buy
Although this is a micro-cap stock with a market cap of about
$55 million, the technical oscillators (moving averages) are currently giving a "Strong Buy" signal.
The stock has recorded a nice increase of over 17% in the past month.
If it manages to break through the
$3.90 level and hold, the next target is the
$4.20 area.
2. Financial activity ("smart money")
Over the past few months, we have seen the company raise capital (Private Placements) at a high rate:
In February, they raised about
$31 million.
Additional issuances of convertible bonds were made in March and April.
Meaning: The company is "fueling" the coffers. Usually, after such fundraising, there is a period of announcements about new projects to justify the money that came in.