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Biotech / Medical : biotech fireworks
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To: Icebrg who wrote (780)4/27/2003 5:00:52 PM
From: Icebrg  Read Replies (2) of 7424
 
Cortex (COR) + 29,6 %

from 0.81 to 1.05 over the last two days. Turnover has been fair (two 45.000 plus days) considering what it normally is. A little bit more than three times the average April volume.

This doesn't have to mean anything. The share price is low and normally the volume is too. Perhaps the price rise is just a reflection of the general upsurge we have seen lately among a number of smaller biotechs.

There was a similar run-up in January when the share price reached 1.02 before "collapsing" again. We'll see how they do this time. There are no news that I am aware of. Apart from the fact that the company is trying to raise some fresh funding, which isn't the easiest thing these days. Maybe some prospective investors were impressed. Market cap. is anyhow just below 18 mUSD.
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