Yesterday’s trading session featured an unusually high investor interest in Omnitek Engineering Corp (PINK:OMTK) as the company has provided no information whatsoever for the last four weeks or so.
Closing at $1.90 per share, OMTK gained 2.7% during the latest trading session that took place on Dec. 12. In terms of volume, the company made an even bigger surge, shifting in excess of 77 thousand shares. The latter marked the company’s highest score since mid-October .
Needless to say, the increased investor interest in OMTK stock hints at possible inside information that has only remained available to a couple of market players. Otherwise, if the company’s managers had anything to say to their supporters, they would have issued an official press release.
In a nutshell, Omnitek Engineering Corp specializes in developing novel natural gas engines, plus a unique technology to convert a diesel-based engine into one using natural gas. As far as OMTK’s financial state is concerned, the company’s latest 10-Q report revealed:
- cash reserves of $48K;
- current assets of $1.22M, 86% of which ($1.05M) in inventory;
- current liabilities in excess of $0.67M;
- $371K in revenue and a quarterly net loss of $179K.
