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Micro-Cap in News; Liquidmetal Technologies Inc. (LQMT)

By Warren Paige

Liquidmetal Technologies Inc. (OTC: LQMT), a developer, manufacturer and marketer of products made from amorphous alloys, last week released its first-quarter financial results.

The Rancho Santa Margarita, California-based company reported first-quarter revenue of $0.2 million. Operating loss for the quarter was $1 million.

Tom Steipp, President and CEO of Liquidmetal Technologies, said that LQMT is excited about the progress of the program as customers test and evaluate the commercial parts the company shipped to them last year. Steipp said that LQMT understands that this is a detailed process as customers look to replace complex machined parts. He added that LQMT looks forward to having them move into full production in the coming months.

LQMT shares are seeing huge activity in trading today. At last check, the stock was trading at $0.298 on volume of 1.70 million. The stock gained 29.57% in the last three trading sessions.

 

May 24th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.