Since announcing strong sales growth in Q2 with June sales of $1,105,480, the penny stock of KMA Global Solutions International (KMAG) has been pimping. KMAG stock experienced another strong trading session on Tuesday, closing past the halfway point towards the 52-week high of 0.0245, and continuing its gains since July 30, 252.63%. With delivery of orders during the month of June at 100%, the Company would be on track to book over $13 million in revenues over the next 12 months.
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KMAG Stock Chart
Close: 0.0134, up 0.0024 (21.82%)
Volume: 39,722,765
Trades 559
Average Trade Size 71,060
a/o Jun 19, 2012:
Shares Outstanding: 609,420,100
Float: 555,230,407
For a penny stock that hovered around the 0.004 range for June/July, KMAG is certainly showing the same momentum it did from February to mid-April when it ran from 0.0003 to 0.231 gaining 7,600% in the process. Is there much more gas left in the tank for the innovator and internationally recognized leader in the EAS industry?
About KMAG Stock
KMA Global Solutions International, Inc. manufactures and supplies electronic article surveillance source tagging solutions for the apparel, multimedia, sporting goods, food, pharmaceutical, and general merchandise industries worldwide.
Bottom Line: Stinky pinky penny stocks are so often frowned upon that the traders who play momentum, as what’s happening with KMAG, make bigger gains than most. Consider that the Company reported June revenues greater than the entire Q1 results and 10X the previous year’s Q1, July revenues could easily push KMAG stock to above the 52-week high and keep it there.
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