Is Affymax, Inc. (OTCMKTS:AFFY) Getting Back On Track

We haven’t wrote about Affymax, Inc. (OTCMKTS:AFFY) for a while now, with our last article about them dating back to July 4 and to be honest we kind of missed them. With the most recent movements of their stock, however, we decided to take the time to take a look at their current situation and what are their possibilities.

The last time that we wrote about AFFY was when they dipped below the $1 mark on July 3, right before Independence Day. AFFY managed to regain their positions above $1, but this was short-lived with only 2 days in which they managed to hang in there before submerging again.

The stock’s movements were very little, rarely above 2% and they got their first bigger percentile movement on July 15 after four days of trading below $1. The volumes were kept to a minimum and they didn’t have even 1 day that was above or at least near their average of 1.3 million shares.

The gain of 8.54% from July 15 managed to drag the stock from the $0.995 to $1.08, generating a decent volume and trade value, which were estimated at 747 thousand shares and $777 thousand respectively. The situation in the next day quieted down, which was good for AFFY‘s stock considering that the total of 363 thousand shares that were traded managed to keep the price from deflating again, giving their investors time to look forward and strenghtening their stock’s position.

This in term helped AFFY‘s stock to become even more interesting and the very next day it added a further 9.14% to its value going from the previous day’s close of $1.072 to $1.17. The volume this time was even bigger with a total of 887 thousand shares that switched hands, thus making the trade value of the day come at a little over $1 million, a thing that hadn’t happened to their stock since exactly one month, when their stock generated $1.29 million in trade value on June 17.

And then we come to yesterday’s session. Yesterday wasn’t a big day price-wise as the percentile movement was very tiny. The stock moved up only 0.85% up going from $1.17 to $1.18, however, investor interest was rather high considering the total traded shares count came at 752 thousand generating a trade value of $877 thousand.

Speaking of the steady gains in price we can’t miss out on the trade chart for the day in which you can clearly see that most of the trading was done before market close with the biggest spike coming minutes before the final bell, when a total of 329 thousand shares were traded in a matter of around 30 minutes.

Where will the stock go from here? It’s really hard to tell, but judging by the careful way in which the stock is gathering momentum they might be heading slowly to new heights. After all, at this point it’s really a matter of new information and careful trading by the investors, who have their money on AFFY‘s stock. Having in mind that their only product was voluntarily recalled and they don’t have any promising news yet we might say they are hanging in there by a thread, however, be sure to do your own due diligence and weigh out the risks for yourself.

On the other hand Liquidmetal Technologies Inc (OTCBB:LQMT) aren’t as stable as AFFY considering they dropped 40% down yesterday after they gained a whopping 223% the previous day. The volumes, however, were one of the biggest with a massive 116 million shares that switched hands, making the trade value come at the mind-blowing $16.58 million.

Another company that generated quite a lot of trades yesterday was Xumanii Corp. f/k/a Medora Corp. (OTCMKTS:XUII) who jumped 10% with a total of 18 million shares that were traded and a trade value of $7.8 million