NWMT is quite interesting. On July 31st of 2009 to August 05 of the same year, the price of this penny stock increased from $0.01 to about $0.61 in just six days for a gain of +6100%.
After that, NWMT has been in a downtrend and is currently priced around $0.06 as of December 26, 2009. The real question is will NWMT undergo a reversal or will the downtrend continue? Who knows?
The average daily trading volume of NWMT varies usually between about 400,000 shares to about 2M.
NWMT has a fair number of shares outstanding; 16.18 million as reported in the 3rd quarter earnings ending in september 2008, an increase from 11.18M as reported from last year's 3rd quarter earnings.
NewMarket Technology (OTC:NWMT) has generated $31.71 million in revenue with a gross profit of $6.09M as reported in their Q3 earnings which is very close to last year's report of $32.38M in revenue and $6.16M in Gross Profit. On the other hand, NWMT's equity decreased from $64.71M to $34.27M.
NewMarket Technology (NWMT) is in the business of providing a variety of services such as outsourced software development, VOIP, fax, voice mail services, broadband wireless and data networking services.
The company has recently announced the chinese subsidiary acquisition of China Radio Technology Ltd.
After that, NWMT has been in a downtrend and is currently priced around $0.06 as of December 26, 2009. The real question is will NWMT undergo a reversal or will the downtrend continue? Who knows?
The average daily trading volume of NWMT varies usually between about 400,000 shares to about 2M.
NWMT has a fair number of shares outstanding; 16.18 million as reported in the 3rd quarter earnings ending in september 2008, an increase from 11.18M as reported from last year's 3rd quarter earnings.
NewMarket Technology (OTC:NWMT) has generated $31.71 million in revenue with a gross profit of $6.09M as reported in their Q3 earnings which is very close to last year's report of $32.38M in revenue and $6.16M in Gross Profit. On the other hand, NWMT's equity decreased from $64.71M to $34.27M.
NewMarket Technology (NWMT) is in the business of providing a variety of services such as outsourced software development, VOIP, fax, voice mail services, broadband wireless and data networking services.
The company has recently announced the chinese subsidiary acquisition of China Radio Technology Ltd.
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