Strategic Environmental & Energy Resources, Inc.’s (OTCQB: SENR) share volume surged on May 2nd, with 633,122 shares exchanging hands, nearly eight times higher than its three month average of 84,688 shares per day.
One can only speculate as to why this jump in volume happened considering no news has been released by the company in the weeks leading up to May 2nd. Here’s what we do know about the company:
Strategic Environmental & Energy Resources, Inc. provides a range of products and services in the oil and gas, environmental, waste management, and renewable energy industries. It operates through four segments: REGS, TCC, MV, and PWS. The REGS segment offers general industrial cleaning and waste management services to various industry sectors, primarily oil and gas production covering water treatment services in the oil and gas fields; and refineries, as well as other sectors, such as hospitals, universities, and state/federal agencies. The TCC segment provides cleaning services to the tanker rail car industry. The MV segment designs and sells odor, vapor, and emission control systems for use in oil and gas production, refining, and biogas conversion in agricultural, food and beverage, and landfill applications. The PWS segment develops a patent-pending technology based on a cold plasma oxidation process, which is intended for the destruction of hazardous chemical and biological waste. The company is headquartered in Golden, Colorado.
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Liquidmetal Technologies, Inc. (OTCQB: LQMT), a materials technology company that designs, develops, and sells products and components from bulk amorphous alloys worldwide, saw its share volume remain strong on May 2nd with 2,182,758 shares exchanging hands.
The stock closed at $.2035 on May 2nd, 8.82% higher than its previous close of $.187.
One could speculate this recent gain in price may be attributed to the announcement of their first quarter 2014 earnings conference call set for Thursday, May 8th, 2014 at 4:30PM EST.
Liquidmetal Technologies, Inc. is the leading developer of bulk alloys and composites that utilize the performance advantages offered by amorphous alloy technology. Amorphous alloys are unique materials that are distinguished by their ability to retain a random structure when they solidify, in contrast to the crystalline atomic structure that forms in ordinary metals and alloys. Liquidmetal Technologies is the first company to produce amorphous alloys in commercially viable bulk form, enabling significant improvements in products across a wide array of industries.
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Probe Mines Ltd.’s (OTCPINK: PROBF) share volume jumped on May 2nd, with 178,976 shares trading hands, three times higher than its three month average of 55,600 shares per day.
This uptick in volume could be attributed to the news released by the company early last week announcing that is had received all results for its expansion drilling program on the Company’s Borden Gold project near Chapleau, Ontario. The expansion drilling program was also significant as it indicates that the High-Grade Zone ("HGZ") no longer deepens to the southeast but has leveled off and the center is remaining between approximately 450 and 550 metres depth. This could have positive implications for further exploration and potential development.
Dr. David Palmer, President and CEO of Probe, comments, "The Winter Program was a tremendous success in expanding the HGZ an additional 60% in strike length to over 1.6 kilometers. The recent results are still showing very thick intercepts of high-grade gold indicating the continuation of the robust gold system. In addition, the results also show the gold zone may be leveling off to the southeast and not getting deeper. This could have a positive effect on logistics and costs in any potential underground development scenario. Results to date have shown consistent improvement in grade along the entire 3.7 kilometers of strike length of the deposit, and we are very encouraged by these results which show significant potential for further improvement and expansion of the HGZ. Probe will be hard at work during 2014 advancing the project towards development."
PROBF closed at $2.25 on May 2nd, $.457 (13.69%) lower than its previous close of $2.60.
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