Liquidmetal Technologies, Inc. (OTC:LQMT) had an impressive three-day run back in December, but after that the price dropped, and it’s still around the 15 cents mark.
Yesterday managed a close at $0.154 – up 13.24%. The volume was also higher than the average, reaching 1.2 million shares.
There doesn’t seem to be any particular reason for the price increase, but 13% is well within the usual volatility for LQMT.[BANNER]
There have been some rumors going about the possible use of LiquidMetal alloy in Apple products, but for now there is no confirmation that it has actually happened or that it will happen soon.
The company’s financial state isn’t anything too interesting for an OTC traded company – not tragic, but not too optimistic, either.
LQMT reported comprehensive income of $7.3 million for the quarter ended Sept. 30, but it should be noted that it was mostly due to a $9.9 million gain on the change in value of warrants.
Unless some significant development comes up, LQMT may remain at its current levels in the short term.
