Penny Stocks on the Move on Aug 07: XUII, LQMT
Xumanii International Holdings Corp (XUII) – Much to the horror of XUII investors, the value of the company’s stock continues to melt like ice in a hot summer day. Over the last couple of days the share price of XUII stock has declined more than 50% leaving the company’s shareholders on the brink of a nervous breakdown
The impact of the XUII stock crash will be immense since the stock has been one of the top market movers on the OTC Markets for the last couple of months. The interest towards XUII didn’t cease even after the company got branded with a caveat emptor sign. In fact, at this stage investors might finally be realizing that the black mark had been granted for a reason.
Today, the stock has been afflicted by another bout of heavy selling pressure which has forced XUII stock to sink below its 200-MA and it was only two days ago when the stock broke below its 50-day moving average. So, the bearish impulse that is driving XUII stock at the moment seems indomitable.
Currently shares of XUII stock are trading 18% lower at $0.154 per share on a higher than average volume of 18 million. The trade value generated by XUII since the start of the trading session has already exceeded $3 million.
It was only two weeks ago when XUII hit an all-time high at $0.75 per share, but now the stock is just at a stone’s throw from its all-time lows. This dramatic plunge happened after the company stopped providing fundamental support for its stock.
Meanwhile it is interesting to note that penny stock promoters have not given up touting XUII. Yesterday, two penny stock promoters called Penny Stocks Expert and Penny Stocks.com issued another coverage on the company for a total compensation of $10,000.
The promoters tried to lure penny stock speculators with the following message: “This is a great time for our members to consider buying XUII at these low prices before it starts jumping again.” Apparently this appeal was not produced by reason but by the financial stimulation which the promoters had received to advertise XUII stock.
By the looks of it, the balloon called XUII stock seems to have burst into pieces. It is true that in mid-June the stock underwent the same dramatic decline and managed to rebound. This time however, investors have been severely burnt which will most likely cause an outflow of trading interest like it happened with Awesome Penny Stocks’ previous pump scheme called Goff Corp (GOFF).
Moreover, the company doesn’t seem eager to provide more fundamental support for its stock, let alone the fact that it doesn’t have the fiscal base to support a market cap of $63 million.
Liquidmetal Technologies, Inc. (LQMT) – LQMT stock is struggling with a heavy selling pressure today which is produced by both the general market mood and the just released second fiscal quarter report.
According to the report and the press release, which the company issued as a supplement, LQMT has broadened its business horizon during the second fiscal quarter. As the company’s mamanegement commented “During the second quarter we shipped 5 prototypes into very exciting markets”.
The effect of this statement, however, was marred by the reported net loss of $1.9 million. The bottom-line is not that bad considering that the company had posted a net loss of $8.9 million for the same quarter a year ago. This was a small ray of light for investors in LQMT who supported the stock yesterday making it rise 1% in value to $0.192 per share.
Today, however, penny stock speculators seems to have a much more sober view on the stock. So, having revised their perception of LQMT’s latest financial results, investors are now rampantly issuing sales orders on the stock.
As a result, LQMT opened the trading session with a big gap below the previous close and is now trading 17% lower at $0.16 per share on a higher than average volume of 11.6 million. The value of all trades with LQMT stock executed since the start of the trading session has reached $1.8 million making it one of the most actively traded penny stocks on the OTC Markets.