Las Vegas, NV -- (SBWIRE) -- 11/12/2012 -- Liquidmetal Technologies, Inc. (OTC:LQMT) has been trading on the OTCBB for many years and has a long history of highly explosive moves. Back in August 2010 when they announced the license transaction with Apple Inc the stock ran from under a dime to a high of $1.75 per share.
In June of this year Liquidmetal Technologies got a lift and ran to highs over $0.60 per share when the agreement with Apple, Inc (NASDAQ:AAPL) was extended for 2 years into 2014. Since then LQMT has been slowly drifting downward and is currently nearing the $0.10 level which has historically been a critical support level for LQMT.
As the stock continues to sink, long term investors who still hold on to the Apple iPhone dream have to be getting frusterated. To date Apple has used Liquidmetal's technology for the SIM card ejector tool in the iPhone 3G.
Clearly Apple still must have big plans for Liquidmetal as they paid an additional $20 million when they renewed the agreement with LQMT.
Liquidmetal Technologies is a materials technology company that develops and commercializes products made from amorphous alloys. Their Liquidmetal family of alloys consists of a variety of proprietary bulk alloys and composites that utilize the advantages offered by amorphous alloy technology. They design, develop and sell products and components from bulk amorphous alloys to customers in various industries. They also partner with third-party manufacturers and licensees to develop and commercialize Liquidmetal alloy products.
To find out more about this stock and what OTCMAGIC projects for Liquidmetal both short term and long term please go here: LQMT
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