This is the 2nd VOLUME alert for MMFS in the past 7 calendar days.
Trading for MODERN MFG SVCS (OTCBB: MMFS) has been heavier than usual in today's session. By 10:50 ET, the stock had already traded 42,500 shares via 12 trades. The cumulative volume is 76.35% above than its 20-day average of 24,100. Normally the stock experiences around 6 individual trades per session.
So far, today's volume surge has caused a net rise in MMFS's stock price. At the time of this alert, the stock was trading at $0.550, up $0.210 (+61.76%).
One year ago, the Company's shares closed at $0.600. The price has declined more than 8 percent since then.
Over the last 10 trading session MMFS has traded in a range between $0.230 and $0.350 and is currently trading 70.27% below its 52-week high of $1.850 set on August 15, 2001 and 450.00% above its 52-week low of $0.100 from April 30, 2002.
In the previous 3 sessions, MMFS trading has displayed a mixed trend. Closing results have been as follows:
May 22, 2002 --- closed at $0.290 even for the day on 0 shares May 21, 2002 --- closed at $0.290 even for the day on 44,500 shares May 20, 2002 --- closed at $0.290 down $0.010 (-3.33%) on 13,200 shares
The Company last released news on May 14, 2002:
"Modern MFG Services, Inc. Signs Letter of Intent for the Acquisition Of Watercraft Military Defense Contractor"
"" and "" Tuesday May 28, 2002 11:08 AM Market: Open
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