The stock of Liquidmetal Technologies, Inc. (OTC:LQMT) skyrocketed 67% as it found itself in a stock alert newsletter yesterday.
LQMT closed the latest trading session at $0.251 per share on a volume of 15.8 million. Thus, the company scored a six-month record both in terms of market value and daily turnover.
The company has not issued any updates ever since it published a comprehensive 10-K report for the fiscal year ended Dec. 31, 2011. However, it turned up on a newsletter watchlist issued by a low-Alexa-rank third party. Surprisingly or not, it was more than enough to give LQMT shares a huge boost yesterday.
Established in 1987 in California, Liquidmetal Technologies, Inc. is specialized on developing product components for non-consumer electronic devices from amorphous alloys. In addition, the company is actively involved in designing applications for liquidmetal alloys used in sports and leisure products.
LQMT closed the fiscal year ended Dec. 31, 2011 with:
- cash reserves of $122 thousand;
- working capital deficit of $2.8 million;
- total revenue of approx. $1 million;
- net income of $6.155 million due to an $11.35 million gain from discontinued operations.
