Liquidmetal Technologies Inc (OTCMKTS:LQMT) Correcting
After a rather disappointing start of the month we saw the stock of Liquidmetal Technologies Inc (OTCMKTS:LQMT) begin to rapidly gain altitude and the daily volumes increased significantly, showing the investor excitement.
The reason for the positive sentiment towards LQMT was the announcement of an increase in the authorized share count from 700 million to 1.1 billion in order to facilitate the $55 million investment that was announced previously. Meanwhile, the report for Q1 of this year shows that the company is in a rather decent financial situation.
- cash: $10.28 million
- current assets: $11.77 million
- current liabilities: $1.70 million
- revenues: $168 thousand
- operating loss: $2.56 million
Those numbers are pretty good by OTC marketplace standards, but LQMT also has quite the market cap. That, however, didn’t stop the ticker from embarking on an upward run. The thing is that it corrected pretty soon.
LQMT has been dropping in the past two sessions. Yesterday we saw the company stock lose 9.23% of its value and close at $0.1525 while a total of 1.48 million traded shares generated $235 thousand in daily dollar volume.
The ticker is doing a lot better in today’s session and is already 6.23% in the green. Still, be sure to do your due diligence and weigh out the risks before putting any money on the line.
