Shares of ADM Tronics Unlimited Inc. (OTC: ADMT), a technology-based company engaged in the development, manufacture and sale of chemical products for industrial, medical and cosmetic uses, are soaring in trading today.
At last check, ADMT shares were trading 516.88% higher at $0.0950 on above average volume of 3.57 million.
According to a filing made by ADMT last week, the company’s total revenue for the quarter ended March 31, 2012 was $971,000. This compares with total revenue of $453,000 reported in the previous quarter.
ADMT’s gross profit for the quarter was $634,000, compared to $259,000 reported in the previous quarter. Operating loss for the quarter was $141,000, compared to $34,000 reported in the previous quarter. The company’s net income for the quarter was $29,000, compared to $34,000 reported in the previous quarter.
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