{"id":1545,"date":"2022-02-25T17:49:00","date_gmt":"2022-02-25T17:49:00","guid":{"rendered":"https:\/\/microcapspot.com\/?p=1545"},"modified":"2022-02-26T18:40:14","modified_gmt":"2022-02-26T18:40:14","slug":"bourque-industries-bork-news-update","status":"publish","type":"post","link":"https:\/\/microcapspot.com\/bourque-industries-bork-news-update\/","title":{"rendered":"Bourque Industries Stock:(OTCMKTS: BORK) Why is it Hitting 52-Week High"},"content":{"rendered":"\n
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Many investors are wondering why Bourque Industries (OTCMKTS: BORK) is climbing. Very little news has been reported from the company. The stock price continues its upward trend hitting a new 52-week high today of $0.0045. The stock gained an intra-day high 28%. So, we\u2019re taking a closer look at the company. Thus, keep reading if you want to find out the drivers behind the stock price increase.\u00a0<\/p>\n\n\n\n

Current price update is the shares are significantly off its 52-week high down to $0.012. <\/p>\n\n\n\n

Who and What is Bourque Industries <\/h2>\n\n\n\n
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Bourque Industries, Inc. is an advanced material science company. It develops and creates metal alloys and related product applications. It uses a metal-alloying process known as Kryron. Bourque Industries holds a patent for this process. BORK sells body armor-terminator plates. The company was founded by John M. Bourque in 1978. It is headquartered in Phoenix, AZ.<\/p>\n\n\n\n

BORK Subsidiaries<\/h3>\n\n\n\n

Bourque operates through 5 subsidiaries – Basalt Fiber Technologies, LLC<\/a>, Kryron Global, LLC, Bourque Alloys LLC, Bourque Alloys Manufacturing, Inc.<\/a>, JBIT Inc. Although, these subsidiaries are difficult to track down. In fact there has been little activity since the 2013-2014 time period. <\/p>\n\n\n\n

Furthermore, the only subsidiary in operation (at least publicly and most recent) is Basalt Fiber Technologies, LLC. It has fairly active Facebook<\/a> and LinkedIn<\/a> profiles. Basalt Fiber Tech supplies high quality basalt continuous fibers under Basfiber\u00ae brand name. Key benefits include chemical resistant, high temperatures, high mechanical properties, sound\/electric insulation, recyclable resources, and low water absorption.<\/p>\n\n\n\n

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Unfortunately, the corporate website listed on the company\u2019s LinkedIn Profile is not active. We consider this a Red Flag<\/strong>. A publicly traded company with an inoperable corporate website is a more risky investment. Although BORK has a LinkedIn Business <\/a>page, it doesn\u2019t seem active. <\/p>\n\n\n\n

BORK Leadership<\/h3>\n\n\n\n

John M. Bourque, the founder of the company and technology, is still at the helm according to his LinkedIn Profile<\/a>. He is the inventor of Kryron Technology and is the Chief Science Officer & founder at Bourque Industries. It states he has been in this role for the last 6 years and 9 months. <\/p>\n\n\n\n

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The CJ Condon is Bourque Industries’ CEO and Director for the last 6 years and 9 months. In prior roles, CJ Condon was executive vice president at JBIT and an international insurance professional for USAA. <\/p>\n\n\n\n

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LinkedIn shows a total of 10 employees. There may be more or less as the information may not be updated, but it is all that we can find publicly.   <\/p>\n\n\n\n

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Body Armor by Bourque Industries<\/h2>\n\n\n\n
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