Anavex Life Sciences Corp (AVXL)

[InforichIH]

FBIOX taking an initial position would be great. Their 29% yld is No. 1 in their fund category this year, and they have been in the top 4 health funds since 2011.

What do you think contributed to the recent surge in AVXL pps and volume? Do you know Fidelity's criteria for buying a microcap stock and how close we might be to the threshhold? If our OS is over 162 million shares as shown on AVXL web site, then the current price puts our market cap far above what Yahoo Finance shows. That will be important to a fund, and the recent high trading volumes might have caught their notice.

The asset allocation profile on Morningstar shows FBIOX has 13.75% microcap stocks of the fund's $16.38 billion net assets. The benchmark average is 0.67%, and the health category average fund has 0.49% microcaps. So they're a giant fund with an outsized proportion of microcap holdings.

Without knowing the fund quarter by quarter performance history, I'd say they do a great job of selecting microcaps that achieve tremendous growth. The last quarter they ended with 238 holdings and their turnover ratio was 61, so it seems they do a significant amount of trading.