Liquidmetal Technologies’ Stock Price, Volume Still Falling Despite Apple Deal (LQMT)

Liquidmetal Technologies (OTC: LQMT), an alloy manufacturer, posted a $0.02 decrease from yesterday, resulting in a 6.3% decline.  Today’s closing price was at $0.32. In the past 52 weeks, the company’s stock price has ranged from $0.1151 – $0.6349. The price reached its highest point on May 1, 2012, and quickly dipped to $0.3980 the following business day. In the past three months, the stock price has been as low as $0.15.

Although the volume was twice as much as Friday’s volume, the total number of shares traded was still more than 50% below the average. Today’s volume was at 2,030,556 shares, with the average at 4,533,614 shares. The company’s biggest trading day this year was on March 7, 2012, with nearly 26 million shares traded. April 20, 2012 and April 23, 2012, were also high-volume trading days, with the number of shares traded exceeding 24 million.

Liquidmetal Technologies, located in Rancho Santa Margarita, California, was in the news several weeks ago for its extended deal with Apple (OTC: AAPL). The computer manufacturer extended its agreement with Liquidmetal Technologies for two more years – until February 5, 2014. Apple would use Liquidmetal – which gives a smooth finish to products and prevents scratches – in its iPhones.

On June 5, 2012, it was announced that Visser Precision Cast (VPC) would provide manufacturing services for Liquidmetal Technologies. Under the agreement, VPC, based in Colorado, would provide manufacturing and mold services to ensure that Liquidmetal Technologies continues to provide high-quality products and services.

On May 15, 2012, the company announced its financial report for the first quarter, which ended March 31, 2012. The company reported $200,000 in revenues, with an operating loss of $1 million. The company is still in the testing and evaluation stages with many customers and hopes to move into full production in the coming months.

Liquidmetal Technologies is known for the research and development of amorphous metals. The company’s alloys are twice as strong as titanium. They are made from high-performance materials and are used in medical, industrial, consumer, luxury, military and sporting goods products. The company was heavily promoted in stock newsletters throughout 2010. It created a lot of buzz on January 10, 2012, when it posted 49% in gains. On June 7, 2012, it was touted as one of five penny stocks to watch closely. On June 19, 2012, following its deal with VPC, Liquidmetal Technologies was named one of the top three movers in the small cap stock category.

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Published by Lisa Ray

Lisa has a Bachelor of Arts in journalism from Purdue University and 3 years of experience in the publishing field.

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