Bourque Industries, Inc. (PINK:BORK) hit an impressive gain. Yesterday, the stock soared 28.87% and its traded volume 
jumped up.
The reason for the price jump could be only one – the latest news by the company. It was released just yesterday when BORK reported its successful tests for proof of concept for essential manufacturing process. The company announced that its advanced plasma spray coating would allow cost effective, high-performance Kryron applications for many industries.
The news immediately inspired investors and BORK stock price jumped up. Though, it is not certain how long the climb will resist.
Bourque Industries is a company that has particular expertise in metal technology. It has invented a new metal called Kryron. The company is not filing electronically with the SEC and is using the alternative reporting standard, which is generally not a problem. However, there is no report for the current financial situation at BORK.[BANNER]
The latest financial data about the company is its annual report filed in October. According to it, as of March 31 cash position of BORK has improved, however, accumulated deficit went over $7 million. Besides, net loss of BORK keeps increasing, while revenues are missing.
Due to its recurring losses and accumulated deficit, there is a substantial doubt about the company’s ability to continue as a going concern and any additional financing is not guaranteed.
