CYGX: Volume Spike; 97% > 20-adsv, Stock +7.69%
THURSDAY , MARCH 08, 2007 01:00 PM
This is the 1st VOLUME alert for CYGX in the past 7 calendar days.
Trading for Cytogenix Inc (OTCBB: CYGX) has been heavier than usual in today's session. By 13:00 ET, the stock had already traded 172,100 shares via 27 trades. The cumulative volume is 97.02% above its 20-day average of 87,352. Normally the stock experiences around 18 individual trades per session.
So far, today's volume surge has caused a net rise in CYGX's stock price. At the time of this alert, the stock was trading at $0.420, up $0.030 (+7.69%).
One year ago, the Company's shares closed at $1.050. The price has declined more than 60 percent since then.
Over the last 10 trading session CYGX has traded in a range between $0.380 and $0.510 and is currently trading 72.73% below its 52-week high of $1.540 set on April 03,2006 and 13.51% above its 52-week low of $0.370 from January 23,2007.
In the previous 3 sessions, CYGX trading has displayed a negative trend. Closing results have been as follows:
March 07, 2007 --- closed at $0.390 down $0.015 (-3.70%) on 231,300 shares
March 06, 2007 --- closed at $0.405 down $0.010 (-2.41%) on 66,450 shares
March 05, 2007 --- closed at $0.415 down $0.035 (-7.78%) on 138,300 shares
The Company last released news on January 26, 2007:
"CytoGenix' 2006 - Year in Review"
CYTOGENIX INC
A biopharmaceutical company whose primary focus is the development and commercialization of its proprietary technology for identifying and silencing disease causing genes.
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