Liquidmetal Technologies Pops on CEO News (LQMT)

Shares of Liquidmetal Technologies Inc. (OTCBB: LQMT) are popping this morning by over 40%, currently trading at $1.39. This comes after the company announced that Thomas Steipp would be named President & CEO.

The stock has now risen from $0.25 to its current trade price over the past five trading days; that’s a 456% rise in the shares.

According to BusinessWire, “A proven, results-oriented corporate leader with a history of building shareholder value in technology companies, Mr. Steipp most recently served as the President and Chief Executive Officer of Symmetricom, Inc. During his tenure, the company successfully executed a strategic transformation from technology holding company into the global market leader for synchronization and timing products. Under his leadership, Symmetricom became the worlds #1 supplier in its field, growing at a CAGR of over 15% from FY 2002-2009 to reach more than $220 million in annual revenue.”