Liquidmetal Technologies, Inc. (OTCBB:LQMT) Surges Again
The stock of Liquidmetal Technologies, Inc. (OTCBB:LQMT) has been sliding down the charts since it hit a peak of $0.385 per share in the end of January. Recent news, however, provided for a good run on Valentines Day.
Around noon on February 14, the company came out with a press release, informing the public that it is working on providing its licensees with a new liquidmetal alloy that doesn’t have a beryllium coating. As stated in the PR, this will allow liquidmetal market to expand in the medical applications market, for in-body implants for instance.
The intraday chart shows us that the stock price made an upward rush alongside some increased trading volume after the news were availabe. By the end of the session the company stock had a 33% gain on so much traded shares that it registered some $7.6 million in dollar volume.
Despite the fact that LQMT is a rare sight in the OTC markets, generating revenues and having some actual development, the latest financial statement isn’t that good. While we see a growth in the revenues that the company is producing, the net loss is expanding more rapidly and has reached some serious levels as mentioned in our previous article.
LQMT has a market cap of over $100 million, which is quite high considering their financial state. This is the reason for which their stock has a tendency of making big 1 day jumps when they issue optimistic press releases, followed by periods of sliding down.
The company stock remains quite volatite and news-dependant, so be sure to do your due diligence and weigh out the risks before jumping in LQMT‘s bandwagon.
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