ERHC ERHC: Volume Spike; 16% > 20-adsv, Stock +6.38%
Tuesday , January 18, 2005 10:35 ET
This is the 2nd VOLUME alert for ERHC in the past 7 calendar days.
Trading for Environmental Remediation Holding Corporation (OTCBB: ERHC) has been heavier than usual in today's session. By 10:35 ET, the stock had already traded 620,800 shares via 114 trades. The cumulative volume is 15.58% above its 20-day average of 537,105. Normally the stock experiences around 120 individual trades per session.
So far, today's volume surge has caused a net rise in ERHC's stock price. At the time of this alert, the stock was trading at $0.500, up $0.030 (+6.38%).
One year ago, the Company's shares closed at $0.320. The price has gained more than 56 percent since then.
Over the last 10 trading session ERHC has traded in a range between $0.440 and $0.490 and is currently trading 47.92% below its 52-week high of $0.960 set on April 22,2004 and 85.19% above its 52-week low of $0.270 from February 05,2004.
In the previous 3 sessions, ERHC trading has displayed a mixed trend. Closing results have been as follows:
January 14, 2005 --- closed at $0.470 up $0.010 (+2.17%) on 1,139,700 shares
January 13, 2005 --- closed at $0.460 down $0.010 (-2.13%) on 364,000 shares
January 12, 2005 --- closed at $0.470 up $0.015 (+3.30%) on 536,700 shares
The Company last released news on December 30, 2004:
"ERHC's `Going Concern' Qualification is Removed"
ENVIRONMENTAL REMEDIATION HOLDING CORPORATION
Environmental Remediation Holding Corporation, doing business as Chrome Energy Corporation (CEC), has been an independent oil and gas company engaged in the exploration, development, production and sale of crude oil and natural gas properties and reserves in Sao Tome and in the acquisition of interests in non-producing oil and gas properties. Sao Tome is an island nation located in the Gulf of Guinea off the coast of central West Africa.
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