Dallas, Texas 10/29/2013 (Financialstrend) – SWORDFISH FINANCIAL (OTCMKTS:SWRF) has a market cap of $5.79 million. During trading on October 28, the stock posted a 26.9% increase in its market value from its previous day close. It ended the day’s trading at $0.0099 per share which translates to a 45% dip from its 52 week high valuation. Through the day the stock changed hands more than 23.2 million times which was way over its 65 day daily volumes average of 3.4 million. The stock had posted the 52 week high valuation of $0.0183 during October 1.
This micro capped financial firm makes its profits by acquiring business which is running profitable operations but are in the need for additional capital to grow their business. Swordfish specifically looks for companies which operate in the “digital, entertainment and Smart technology industries.”On acquisition of these cash strapped companies, Swordfish infuses fresh capital or lines up new investments to turn the fortunes of the firm. Thus on engineering a turn around the firm puts the acquired company on the block and books handsome profits for its efforts. In the past three months the stock has posted 32% appreciation in its stock value.
In the recent past the company has turned its attention to the high octane entertainment and cable industry. It has released a stamp sized “micro computer” which integrates with ports provided on TV. This transforms the TV into a giant tablet compatible with android operating system. These products were offered post its acquisition of iPoint Television in August 2013. iPoint has to its credit development licenses from industry bell weathers like “Apple, Android, Google, Roku, Kindle and every smart device”. Long term investors in this penny stock would be hoping that this micro cap company is able to post sustained good revenue to emerge as a viable small cap player.