There’s no doubt that the markets slow down during the summer and August has historically been the litmus similar to the groundhog. How? If the groundhog sees it’s shadown, it’s a longer winter and likewise, if August slows down even more than July, typically it’s been a slower September. But by the look of things, the market liquidity has remained steady, though less than previous spring months. But a pick up in late afternoon action with some of these trending stocks on Friday could leave the door open for a continued move on Monday August 1st: Halcon Resources Corp (NYSE:HK), Liquidmetal Technologies Inc (OTCMKTS:LQMT), Life Clips Inc (OTCMKTS:LCLP), and aTyr Pharma Inc (NASDAQ:LIFE)
Halcon Resources Corp (NYSE:HK) grabbed investors’ attention late in the afternoon on Friday July 29. The company announced Friday afternoon that it is on track for a speedy chapter 11 restructuring that could see it exit bankruptcy in less than 2 months. The Company is currently running 1 operated rig in the Fort Berthold area of the Williston Basin and plans to keep this rig running through the remainder of 2016. Halcón has no other operated rigs running and the Company does not plan additional rigs until oil prices improve. The Company currently has 12 wells in the Bakken being completed or waiting on completion. Halcon also recently commenced completion operations on two wells in its Tuscaloosa Marine Shale area that were drilled in 2015.
Liquidmetal Technologies Inc (OTCMKTS:LQMT) generated much more attention later in the afternoon Friday as shares began to test highs of the day above 16 cents. Liquidmetal Technologies, Inc. is the leading developer of amorphous alloys 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.
Friday was the first day since May that share trading activity breached the 1.2million mark and could be a prelude to a stronger start to the coming week.
Life Clips Inc (OTCMKTS:LCLP) is a developer and manufacturer of action cameras has seen an increase in trading activity during this week’s trading sessions. The company has released two key announcements that have sparked this trading momentum:
- The company has signed an exclusive distribution agreement with © Mr. Checkout Distributors. This agreement now grants Life Clips access to an estimated 35,000 stores throughout the United States.
- The company announced on Friday morning (7/29/16) that the company is now working with a number of corporations, universities, and Major League Sports teams to co-brand its Mobeego product.
Over the last two trading days LCLP has seen a price per share gain of 83.33%. From posting lows of $0.30 during Thursday’s (7/28/16) trading session, to hitting highs during Friday morning’s trading session of $0.55.
Rounding out the list is aTyr Pharma Inc (NASDAQ:LIFE). The company is engaged in the discovery and clinical development of innovative medicines for patients suffering from severe rare diseases using its knowledge of Physiocrine biology, a newly discovered set of physiological modulators.
Shares of LIFE saw a consistent day of increasing price and volume, which could indicate potential for a continued run into the first week of August. Typical above average volume without the presence of a parabolic move historically indicate potential trend continuation patterns from a technical perspective. Though the company has not issued news in quite some time, aTyr has gained attention for its lead candidate, Resolaris™, which is a potential first-in-class intravenous protein therapeutic for the treatment of rare myopathies with an immune component.