ERHC Energy Inc (ERHE)

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ERHE: Volume Spike; 16% > 20-adsv, Stock +17.56%

FRIDAY , FEBRUARY 27, 2009 10:30 AM

This is the 2nd 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 10:30 ET, the stock had already traded 350,170 shares via 45 trades. The cumulative volume is 16.00% above its 20-day average of 301,881. Normally the stock experiences around 39 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 $0.241, up $0.036 (+17.56%).

One year ago, the Company's shares closed at $0.220. The price has gained more than 9 percent since then.

Over the last 10 trading session ERHE has traded in a range between $0.120 and $0.240 and is currently trading 60.49% below its 52-week high of $0.610 set on May 20,2008 and 141.00% above its 52-week low of $0.100 from December 30,2008.

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

February 26, 2009 --- closed at $0.205 up $0.025 (+13.89%) on 650,400 shares
February 25, 2009 --- closed at $0.180 up $0.020 (+12.50%) on 265,500 shares
February 24, 2009 --- closed at $0.160 down $0.015 (-8.57%) on 312,600 shares

The Company last released news on February 25, 2009:

"Chief Operating Officer Updates ERHC Energy Inc. Shareholders"

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