Liquidmetal Technologies Inc (OTCMKTS:LQMT)
Shares of Liquidmetal Technologies Inc (OTCMKTS:LQMT) were up by 0.49% after the company confirmed the appointment of Mr. Tony Chung as a director, following his resignation as Chief Financial Officer. Mr. Bryce Van has since been appointed as the vice president of Finance and will double up as the principal financial and accounting officer.
Liquidmetal Technologies Inc (OTCMKTS:LQMT) has been on an impressive run in the stock market as it continues to outperform the overall industry. The stock is already up by more than 40% for the year as it continues to trade in a strong upward trend. The stock is currently trading at the higher end of its trading range and the market is watching to see if it will break aboveits 52-week high of $0.34 given the strong bullish momentum.
Liquidmetal Technologies Inc. (OTCMKTS:LQMT) is a material technology and manufacturing company focused on the development and commercialization of amorphous alloys. Its family of alloys consists of a range of bulk alloys and composites that utilize amorphous alloy technology. The company also partners third parties to manufacture and commercialize Liquidmetal alloy products.
Mr. Chung stepped down after serving as the company’s Chief Financial officer for nearly 10 years. During the quarter, he ensured the company had sufficient funding for its operations as well as helping it fulfill its vision of becoming a leading developer of amorphous alloy technologies.
“Tony’s expertise in the legal and financial realms has helped propel the Company for many years. We value his experience and are delighted to know that he will continue to contribute to Liquidmetal’s future success as a member of our Board of Directors,” said Professor Lugee Li, Chairman, and CEO.
Separately, Liquidmetal Technologies Inc. (OTCMKTS:LQMT) has confirmed the termination of a leasing agreement for its previous facility located in Rancho Sanoa Margarita. The termination comes after the company moved to its new state of the art facility located in Lake Forest, CA.
Liquidmetal Technologies Inc (OTCMKTS:LQMT) will host stockholders and investors on October 17, 217 to showcase the state of the art facility.
“The Company has devoted much of 2017 to acquiring and building out its new manufacturing facility. Now that we are here, we are truly excited to share our continuing story as we begin manufacturing operations in our new building,” said Mr. Li.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.