Liquidmetal Technologies Inc (OTCBB:LQMT) Gaps Up And Holds Tight
The interest in Liquidmetal Technologies Inc (OTCBB:LQMT) is rising again. The rise this time, however, isn’t sparked by a promotional campaign or an optimistic press release. It seems that this time the ticker is rising on its own.
Even though the price of LQMT didn’t move that much in yesterday’s session there was quite a lot of investor interest and this was evident from the amount of traded shares and the dollar volume that they generated.
The stock barely moved and registered a gain of 3.33% on a volume that was below the ticker’s average of 16 million shares. The amount of shares that switched hands while the company’s stock was moving from $0.174 to $0.1798 came at a total of 11.3 million and they helped generate a trade value of $2.1 million.
Even though LQMT didn’t manage to close the second quarter of the year at a profit they did manage to cut the losses and finish with a lot less in net loss. The numbers of prime interest from their Q2 report are listed below.
- cash: $4.2 million
- total assets: $6 million
- total current liabilities: $1.8 million
- total liabilities: $4.6 million
- revenues: $150 thousand
- net loss: $1.9 million
LQMT are yet to prove themselves as a profitable company, but at least we can see that they are cutting the losses considering the $3.5 million net loss for Q1 of this year, while in the meantime increasing revenues, even by a little.
Unfortunately there is a lack of recent definitive news and it is fortunate that the stock of LQMT is rising and gathering momentum on its own. For now they are having a good time, but no one can say where they are going. Until we see some news about the company’s development the stock remains risky so be sure to do your due diligence.
Affymax, Inc. (OTCMKTS:AFFY) also had a promising performance in yesterday’s trade session, making a big percentile movement in a northern direction. They jumped 15% on a quite big volume of 3 million shares, that generated a trade value of $5.7 million for the day.
InVivo Therapeutics Holdings Corp. (OTCBB:NVIV)’s stock had a similar movement and gained 15.77% in value on a volume of 1.5 million shares. They closed the day with a price of $3.45 per share and a dollar volume of $4.9 million.
