Liquidmetal Technologies, Inc. (OTCBB:LQMT) Jumps After A Period of Descending
The hype surrounding Luqidmetal Technologies, Inc. (OTCBB:LQMT) is getting lower and the company’s stock is struggling to keep its position. There were quite a few sessions ending in the red lately, but it seems that the ticker is managing to stand its ground. How long will they stay at this level, however.
The company had a rough run in the last days of past week and the beginning of this as it slid as low as $0.1409 in Tuesday’s session. The next trade session, however, went better and they managed to regain 4.33% on Wednesday with a below average volume of 3.1 million traded shares.
Yesterday the stock made another step to recovery as it added 22.45% to its value. The day started of with quite a lot of trading for the stock of LQMT, but we can’t say that it was out of the ordinary. The slow start helped the company gather some value in the first hour of the session and the day went with normal trading and no big peaks, both in volume and in price.
The largest amount of shares traded at one time was probably in the final minutes of the session, and the stock managed to close the day at $0.18. The total amount of shares that switched hands in the end of the day was 11.9 million, which is below their 14.8 million average, but still managed to generate a high trade value that came at $2 million.
We are impatiently waiting for Tuesday to come as the company stated in its latest press release that a second quarter earnings conference call will take place then. We will also be seeing a press release in which the financial results will be stated for the public, but there is no talk about the matter of when they will be filing their report with the SEC. After all, it takes time to make such a report, because it doesn’t consist only from financial data and it might take a while until they file it.
They seem to be well fitted financially, but we can’t wait to see what are the developments in the company in the 3 month period that ended June 30. Anything can happen on Tuesday and it will be a make or break moment for their current price, but be sure to do a lot of due diligence and weigh out the risks for yourself.
One of the most interesting companies at this moment is Affymax, Inc. (OTCMKTS:AFFY), who dropped 8% yesterday after climbing the charts for about a week. They continue their downslide in today’s session also, with 4% down, being currently traded at $1.51 per share.
Another company commanding big interest and dollar volume is Soul and Vibe Interactive, Inc. (OTCBB:SOUL), who are loosing their value in the last 3 sessions, but the big volumes of traded stock combined with their price are generating huge trade values. They are currently positioned at $1.16.
