Logistics Company Bid Up On Q2 Financials

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, January 18, 2022

A New York-based micro cap reported its financial results for the second quarter ending November 30, 2021 last Friday after market close, and traders appear to be excited about the results. A few key highlights from the announcement were that second quarter net sales increased by $280.8 million, or 225% versus the second quarter the year before. Second quarter income from operations was also up $5.7 million, or 190% YoY. Shares of Unique Logistics (OTCPK:UNQL) are bid up on the news as we head into the final ten minutes of premarket action.

Unique Logistics is a global logistics and freight forwarding company serving a large customer base in the United States that includes well known retailers and other companies that import goods to the United States, export goods from the United States to other countries, or require other supply chain services, including warehousing. Unique Logistics executes sections of the supply chain process for its customers and holds operating licenses issued by US Customs, the Federal Maritime Commission and the Transportation Security Administration for this purpose. The company has offices throughout the United States and employs over 90 staff.

Traders appear to be bullish on the news as shares are currently bid up at $0.0241/share (+22.65% implied open for sellers). This move would be a strong confirmation of the support the stock has been hitting over the last month.

Copyright © 2021 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.