Anastas Gegov

How High Can Liquidmetal Technologies Inc (OTCMKTS:LQMT) Go?

by Anastas Gegov May 25, 2016

Liquidmetal Technologies Inc (OTCMKTS:LQMT, LQMT message board) went absolutely nowhere throughout the entire last month and the volumes were relatively slow. The ticker began to slowly slide down in the beginning of May, but quickly turned its direction and started to climb.

 

The reason for the positive movement was quite interesting. The company announced that the increase of the authorized share count from 700 million all the way to 1.1 billion was approved at the annual shareholder meeting that was held on May 18. The increase was needed in order for LQMT to be able to facilitate a $55 million investment.

 

The balance sheet of the company itself sets it apart from most OTC marketplace entities. Here is a quick look at some of the numbers of prime interest from the first quarter of this 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, but LQMT’s market cap is already relatively big. That, however, didn’t stop the ticker from embarking on an upward trip that added more value. Yesterday we saw the company stock gain 10.63% and close at $0.177 while a total of 4.53 million traded shares generate $785 thousand in daily dollar volume.

 

The upward run, however, seems to be over and LQMT is sitting 5.14% down in today’s session. In any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.

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