VOLUME(+): LMIT Volume 35% > 20-adsv, Stock +48.15%
Wednesday, March 19, 2003 11:56 ET
This is the 2nd VOLUME alert for LMIT in the past 7 calendar days.
Trading for LumaLite Holdings, Inc. (OTCBB: LMIT) has been heavier than usual in today's session. By 11:55 ET, the stock had already traded 142,100 shares via 26 trades. The cumulative volume is 34.88% above than its 20-day average of 105,355. Normally the stock experiences around 12 individual trades per session.
So far, today's volume surge has caused a net rise in LMIT's stock price. At the time of this alert, the stock was trading at $0.040, up $0.013 (+48.15%).
Eleven months ago, the Company's shares closed at $2.000. The price has declined more than 98 percent since then.
Over the last 10 trading session LMIT has traded in a range between $0.025 and $0.100 and is currently trading 98.22% below its 52-week high of $2.250 set on May 03, 2002 and 60.00% above its 52-week low of $0.025 from March 18, 2003.
In the previous 3 sessions, LMIT trading has displayed a mixed trend. Closing results have been as follows:
March 18, 2003 --- closed at $0.027 up $0.002 (+8.00%) on 93,600 shares
March 17, 2003 --- closed at $0.025 down $0.010 (-28.57%) on 402,000 shares
March 14, 2003 --- closed at $0.035 down $0.005 (-12.50%) on 186,700 shares
The Company last released news on March 03, 2003:
"GentleBright(TM) and StayBright(TM), Newly Released Whitening Products is a Show Stopper at the Chicago Dental Society Annual Meeting"
LUMALITE HOLDINGS, INC.
Lumalite Holdings Inc. develops and markets tooth-whitening products and services through wholesale distributors, primarily to dental practitioners. The Company's current principal product is its LumaArch(TM) bleaching product and associated Xenon-halogen illumination system, which provides customers with tooth-whitening results that the Company believes are superior to those provided by the Company's competitors, based on, among other factors, its lower cost and the shortened period of time that the customer is required to spend in the dental chair during the whitening process. The Company intends to launch a number of complementary products to its current product and service offerings in the near future and intends to introduce company-owned and operated tooth-whitening centers in major retail locations as a store-in-store concept. LumaLite Inc. is a wholly owned subsidiary of the Company
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