GeoMet, Inc. (OTCQB: GMET) saw its share volume explode on May 12th with 8,302,238 shares exchanging hands, nearly seventeen times higher than its three month daily average of 490,806 shares.
This surge in volume comes after the company announced its financial and operating results for the quarter ended March 31, 2014. For the quarter ended March 31, 2014, GeoMet reported net loss available to common stockholders of $0.4 million, or $0.01 per fully diluted share. Included in net income available to common stockholders for the quarter ended March 31, 2014 were non-cash charges of $0.6 million for accretion of preferred stock and $0.6 million for paid-in-kind ("PIK") dividends paid on preferred stock. For the quarter ended March 31, 2013, GeoMet reported a net loss available to common stockholders of $7.3 million, or $0.18 per fully diluted share. Included in the net loss available to common stockholders for the quarter ended March 31, 2013 were charges of $0.5 million for accretion of preferred stock and $1.1 million for PIK dividends paid on preferred stock.
Revenues for the quarter ended March 31, 2014 were $9.7 million, as compared to $10.9 million for the prior year quarter. The average natural gas price for the quarter ended March 31, 2014 was $5.05 per Mcf as compared to the prior year quarter average of $3.50 per Mcf.
GMET closed at $.06, 372.44% higher than its previous close of $.0127.
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Alaska Pacific Energy Corp. Sees Explosion In Share Volume
Alaska Pacific Energy Corp. (OTCPINK: ASKE) saw its share volume explode on May 12th with 758,162,560 shares exchanging hands, more than fifteen times higher that its three month daily average of 48,355,983 shares.
With no new news on the company, one can only speculate why this increase in share volume took place. The company began exploring domestic oil and/or gas opportunities in January of 2013. The company also offers assessment consulting on mineral rights and correlating lease viability.
ASKE closed at $.0006 on May 12th, 100% higher than its previous close of $.0003.
Liquidmetal Technologies, Inc. Releases Results For First Quarter
Liquidmetal Technologies, Inc. (OTCQB: LQMT) saw its share volume continue its upward trend on May 12th with 8,276,870 shares exchanging hands, significantly higher than its 5,064,807 shares.
This uptick in volume comes after the company reported its results for the quarter ended March 31, 2014.
In Q1 2014, the company generated revenues of $160 thousand as it continued to focus on the development of prototype parts for its customers and partnering with licensees on the development of the Company's technology and production processes.
Selling, marketing, general and administrative expense was $1.9 million compared to $1.3 million in Q1 2013. The increase was primarily due to additional legal cost incurred during Q1 2014 related to our on-going arbitration with our contract manufacturer, Visser Precision Cast.
Research and development expense was $334,000 compared to $236,000 in Q1 2013.
Cash totaled $7.0 million at March 31, 2014, as compared to $2.1 million at December 31, 2013.
LQMT closed at $.173, 4.95% lower than its previous close of $.182.
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