TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) is based in Williamsburg, VA but has aviation facilities and offices located around the world. Last Friday TMPS shares had a volume figure of 861,781 – a number over 15 times the 30-day daily average. The daily range was from $0.07 to $0.18 – large by most expert measures. TMPS shares closed around the middle of that range at $0.141. Today TMPS shares have exploded from the opening bell and are currently up over 130% at $0.325 on massive volumes. No news is publicly available that would put this significant upward move into context.

The longer term price decline in shares of TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) is understandable when you see that Tempus’ FY2015 gross profit of $465,000 shrank to a loss of $307,000 in FY2016. However, the FY2016 loss in net income applicable to common shareholders was $3.1 million, which was much better than the FY 2015 loss figure of $7.5 million. Total assets in FY2015 were $4.8 million and that figure almost doubled in FY2016 to $9.6 million. Meanwhile, total liabilities for TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) shrank from their FY2015 figure of $14.6 million to $12.7 million for FY2016.

Tempus flies airplanes, of every type, including unmanned, for a variety of missions. TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) also modifies aircraft for special missions and provides turnkey leasing and service contracts. Their clients include global government agencies including the U.S. Department of Defense, U.S. Africa Command, and Joint Special Operations Command. They also count private companies such as Northrop Grumman and L-3 communications amongst their private company clients.

Scott Terry, a formal naval aviator, founded TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) after 22 years in government and corporate aviation. He successfully reorganized and sold Flight International Inc. and has “Director of Government Sales for the Americas” for Bombadier Aerospace on his resume.

One area of interest to traders is the short interest in shares of TMPS. At times, the number of shares sold short has reached over 20,000. There is little doubt that the lacks of financial news or contract acquisitions have attracted short-sellers.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.