ERHC Energy Inc (ERHE)

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ERHE: Volume Spike; 51% > 20-adsv, Stock +17.65%

TUESDAY , JANUARY 27, 2009 11:55 AM

This is the 1st VOLUME alert for ERHE in the past 7 calendar days.

Trading for ERHC Energy Inc (OTCBB: ERHE) has been heavier than usual in today's session. By 11:55 ET, the stock had already traded 835,510 shares via 61 trades. The cumulative volume is 50.83% above its 20-day average of 553,955. Normally the stock experiences around 40 individual trades per session.

So far, today's volume surge has caused a net rise in ERHE's stock price. At the time of this alert, the stock was trading at $0.200, up $0.030 (+17.65%).

One year ago, the Company's shares closed at $0.175. The price has gained more than 14 percent since then.

Over the last 10 trading session ERHE has traded in a range between $0.110 and $0.179 and is currently trading 67.21% below its 52-week high of $0.610 set on May 20,2008 and 100.00% above its 52-week low of $0.100 from December 30,2008.

In the previous 3 sessions, ERHE trading has displayed a positive trend. Closing results have been as follows:

January 26, 2009 --- closed at $0.170 up $0.025 (+17.24%) on 597,900 shares
January 23, 2009 --- closed at $0.145 up $0.010 (+7.41%) on 389,000 shares
January 22, 2009 --- closed at $0.135 up $0.015 (+12.50%) on 317,400 shares

The Company last released news on December 18, 2008:

"ERHC Announces Changes in Technical Personnel"

ERHC ENERGY INC
A development stage enterprise, which is engaged in the exploration of oil and gas reserves in the Gulf of Guinea offshore of central West Africa.

http://www.otcbb.com/asp/headlines.asp?sSymbol=erhe