LiqTech International (OTC: LIQT) declined by over 5% this week as Wall Street returned from its extended Memorial Day Weekend.
LiqTech International opened today’s over-the-counter trading at a share price of $2.25, which was higher than its previous closing price of $2.21. The opening price was also the stock’s intraday high. It closed today’s trading at a share price of $2.21, which was also its intraday low. Although the macro environment does not have major influence on the over-the-counter market, domestic stocks performed poorly today. Both the Dow and Nasdaq indices lost over 1% in market value.
LiqTech International’s stock has not been producing an attractive chart so far this year. The available statistics show that LiqTech International has had a total loss of over 41% since the start of 2012. The stock had a more respectable performance before March and hit its highest price year to date of $4.95. However, it has been declining since then. From March 1 to the current date, the stock has not yet been able to hit a share price higher than $3.65, and today’s closing price of $2.21 is LiqTech International’s new lowest price this year.
LiqTech International is a Nevada Company that operates Cleantech Corporation. For over a decade, it has provided and developed up-to-date technologies for liquid and gas sanitization with ceramic silicon carbide filters. These are dedicated filters for the management of dust exhaust elements for liquid filtration and from diesel engines. They also manufacture kiln furniture. Using nanotechnology, the company’s technology improves proprietary products with original silicon carbide expertise. LiqTech’s goods utilize silicon carbide membranes that aid new applications and develop accessible technologies.
Official numbers reveal that 2011 has been profitable for LiqTech International. Since they became a public company, their product offerings and revenues have increased considerably. Their total profit increased by over $900,000. They have also expanded their DPF business, started an agency in South-East Asia, and up-listed their securities to buy and sell on the top level of the OTC Market. This provides them with a more stable capital base to continue growing their business.
LiqTech is concentrating on increasing their reach into new markets and worldwide development for all parts of their business. They are also focusing on their Ceramic Silicon membranes and the Diesel Particle Filters to generate water in the gas and oil industries. In addition, they have been conducting studies and expanding their technology and processes to supply clean water to millions of people worldwide. LiqTech International plans to keep on growing their Company to realize the necessary fundamentals to permit the Company to up-list to a top stock exchange in 2013.
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