Shares of MIND Technology, Inc. (MIND) gained over 17% on Wednesday morning after the company posted a profit for the third quarter, compared to a loss last year.
MIND is currently trading at $4.98, up $0.75 or 17.73%, on the Nasdaq. The stock opened its trading at $4.96 after closing Tuesday at $4.23. The stock has traded between $3.05 and $6.98 in the past 52-week period.
Sales for the third quarter surged to $12.11 million from $4.97 million last year. The company reported a net income of $15.71 million or $2.87 per share, compared to a net loss of $379 thousand or $0.27 per share last year.
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