Liquidmetal Technology, Inc. (OTCBB:LQMT) Livens Up with 10% Gain

We’ve been waiting for a few days for Liquidmetal Technology, Inc. (OTCMKTS:LQMT) to make a more decisive move, and the move was made, adding 10% to the stock price. LQMT reached 18 cents on buying volumes of $1.79 million.

Such climbs were not unusual in the past for LQMT, although in the past three days trading was subdued as markets were generally quieter around the Labour Day weekend. LQMT has not been promoted since July 17th. 

For LQMT, the back-to-school tech season may bring more speculation of adding its products to the mobile device sector, adding features to smartphones. So far, LQMT has only supplied prototypes, including suggestions to the automobile industry.

Without the direct boost from a press release or a promotional email, LQMT is a ticker coming under heavy discussion on investors’ forums, with opinions tending toward a hold, while awaiting bigger events.

In August, the price for LQMT was deemed high enough that two insiders exercised their stock options. On August 6th Thomas Steipp sold 400K shares at 19 cents, and on August 27th officer Ricardo Salas exercised a 12 cent per share option for 600K shares. The sales were much lower than the volume there days, which for LQMT easily reaches 5 million shares. Total insider shares held are 72.16 million out of 369 million shares outstanding.

Another stock that expects a clearer move is ImageWare Systems, Inc. (OTCMKTS:IWSY), which hovers very near $2.20 in the past days. IWSY stepped back by 1.79% on Wednesday, to stand at $2.19 on selling volumes of $348,000. IWSY has been close to those levels for about a month and a half, and strangely, it was not supported by promotional emails.

For now, Stock Analyzer has moved its attentions away from LQMT, taking up two new selections in the past month. Joe’s Jeans, Inc. (NASDAQ:JOEZ) hardly did well, climbing to $1.85 before sinking on news of a weak second quarter- and Stock Analyzer took up the ticker at its lower positions around $1.30, attempting to improve its record on the hypothetical comeback.

We still don’t know when the bigger move for LQMT would come, but it is best not to rely too much on an entirely positive development. The stock has shown potential to drop significantly, and even a positive press release is not a guarantee for a positive stock direction.