Liquidmetal Technologies Inc (OTCBB:LQMT) Continues Its Steady Progress
Liquidmetal Technologies Inc (OTCBB:LQMT) stock was on a steady decline during the first few months of the year, with things looking poorly despite the company’s best efforts. The company’s shares had just reached an all time low and LQMT looked about ready to pass under a nickel, when its share price skyrocketed. The dramatic jump happened on Jul. 7, with Liquimetal’s market value exploding more than 200% – from $0.06 to $0.20 – in a single session. All due to the company’s association with Apple Inc. (NASDAQ:AAPL), and the hype around the release of the new iPhone, which was a possible field for mass implementation of the company’s renowned liquid metal technology.
As it turned out, the new iPhone wasn’t made out of amorphous alloys, but LQMT managed to keep some of the momentum it had gathered. Share prices have dropped significantly since then, but are consistently charting a fluctuating, yet otherwise relatively horizontal pattern around the price of $0.16. The stock rose slightly on Dec. 11, when the company announced that Marketing Technologies has been added to the manufacturer’s representatives that will cover the western United States.
Marketing Technologies has headquarters in Boulder, Colorado and offices in Arizona and Utah and and is certainly an esteemed company, having been serving customers in nine states throughout the Western U.S. for some 20 years now.
The news got investors going in the hopes that the newly forged business relationship between LQMT and Marketing Technologies would help balance out Liquidmetal’s net loss. The company’s been doing pretty well since its leap up, but some traders found the figures of its last quarterly somewhat disappointing. Despite growing revenues, LQMT is still unable to turn profitable.
The rise lasted a session, but traders quickly lost incentive when their initial enthusiasm wore off, bringing the ticker into another steady decline. Presently LQMT stocks are on the rise again, with prices reaching a height of $0.18 on Dec. 19.
Another company that is making steady progress lately is mCig Inc (OTCBB:MCIG), f/k/a Lifetech Industries, whose affordable electronic cigarettes are pushing them up the charts slowly but surely.
