Anastas Gegov

Liquidmetal Technologies Inc (OTCMKTS:LQMT) Takes Another Step Up

by Anastas Gegov May 24, 2016

After a long period of moving sideways we saw the stock of Liquidmetal Technologies Inc (OTCMKTS:LQMT, LQMT message board) slip in the beginning of this month and drop to 12 cents per share before managing to regain the value it had lost.

 

The ticker began taking bigger steps up after it was announced that its shareholders approved an authorized share increase from 700 million to 1.1 billion in the end of last week. Although most company stocks will face severe pressure after such news we saw LQMT actually begin to climb and the reason for that was that the increase was due to a very decent securities purchase agreement, which will provide the company with serious cash on hand.

 

Meanwhile, LQMT’s own financial statement isn’t that of your typical pennystock. Here is just a quick example of some of the contents of the company’s report for the first quarter of the year.

 

  • cash: $10.28 million
  • current assets: $11.77 million
  • current liabilities: $7.70 million
  • revenues: $168 thousand
  • operating loss: $2.56 million

 

Those numbers are pretty decent for an OTC marketplace traded company. Still, LQMT has a market cap that is quite big and might even reach $100 million if the upward run continues. The good news from last week pushed the ticker up and it added another 11.50% yesterday, closing at $0.16, while a total of 2.85 million traded shares generated $427 thousand in daily dollar volume.

 

There is, however, some hesitation in today’s trading. The company stock reached a high of 17 cents in early trading but is back down to 16 cents as of the writing of this article. Be sure to do your due diligence and weigh out the risks before putting any money on the line.

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