ADM Tronics Rockets to 52-Week High, Sees Gains of 348% (ADMT)

After closing at $0.0154 on Friday and opening at $0.018 this morning, ADM Tronics (OTC: ADMT) climbed to $0.25 before dropping to a still-impressive $0.0651 finish when the closing bell rang today. The stock price was the highest the company had seen since it rallied to $0.07 in June 2009. The price has been stagnant in the $0.01 to $0.025 range for the past year until today’s boost. In the past 52 weeks, the stock price has been as low as $0.0045.

ADM Tronic’s volume also posted a huge increase, generating a share volume of more than five million, surpassing the average daily volume of just over 8,000. The volume was at just 1,000 shares on Friday. Trading managed to reach six digits, at 120,499 shares, on May 25, 2012. Most days, the volume has been at zero or not much above that.

ADM Tronics gained momentum today after announcing its 1st quarter earnings. For the period ending March 31,2012, the company posted revenues of $471,000, surpassing revenues from the previous quarter of $453,000. The company’s operating loss was at $141,000, compared to $34,000 in the previous quarter. Net income was at $29,000, compared to a previous net loss of $43,000.

ADM Tronics, based in Northvale, New Jersey, is a manufacturer of products that are innovative, environmentally safe and life enhancing. The company operates three divisions: Aqua-based Technologies (water-based adhesives and coatings for packaging), Pros-aide (water-based adhesives that are used for special effects makeup) and Antistatic Industries (paints and coatings that prevent damage caused by static electricity). The company focuses on six main product areas:

ADM Tronics also focuses on electronic devices for spas and hot tubs, as well as electrical devices that help reduce joint pain in humans and animals. The company sells to consumers in the United States, Europe, Asia and Australia.

ADM Tronics was heavily promoted in January 2011, when its stock shot up 250%. It was last promoted in penny stock newsletters on May 6, 2012. The company received a lot of buzz today, with many small cap newsletters touting ADM Tronics as one of the biggest gainers today. Will the stock keep on climbing? Or will it drop down as quickly as it rose? Tomorrow’s trading session will tell.

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Published by Lisa Ray

Lisa has a Bachelor of Arts in journalism from Purdue University and 3 years of experience in the publishing field.

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