The prize for the best performing of the pink sheets yesterday goes to Bourque Industries, Inc. (PINK:BORK). As it is, BORK increased by over 69% on Monday after the Arizonan advanced materials science company proudly announced that its Level III Kryron Terminator Armor had now received certification by the national Institute of Justice /NIJ/.
Within a single trading session, BORK jumped $0.36, or 69.23%, to a five-week high of $0.88 per share. A total of 720,675 shares of common BORK stock changed hands, which is the highest turnover the company has generated since late-November, as well as four times higher than the average daily trading volume.
BORK’s spectacular market run is entirely based on the NIJ certification mentioned above as the official corresponding press release came up on the very same day. Now that the company’s latest armor offering has received federal government approval, the market value of its shares may be in for quite a positive chart run.
Bourque Industries, Inc. is best known for the so-called Kryron-based technology which is capable of modifying the material characteristics of common metals so that they improve their strength, conductivity and melting point.
As of Aug. 31, 2011, BORK’s balance sheet contained:
- cash reserves of $29,826;
- negative working capital of $126 thousand;
- net loss of $367K.
