Penny Stock Watch - VRML
A tiny medical diagnostic product maker called Vermillion(VRML) caught our attention as the stock has been going up like crazy for the past three trading sessions. How crazy? How about gaining as much as 400% in just four days. So what is going on with this stock? Recently the company held a teleconference on its peripheral artery disease (PAD) diagnostic program. The positive prospect triggers the heavy buying and pushed the stock up from $1 a share to as much as $5 per share yesterday. However when this stock first started trading back in 2000 it was a $30 stock. And factoring the 1:10 reverse split, you are talking about a stock that has lost 99.67% of it's value since it started trading. So is now finally the turn around time for VRML?
posted by Stock Geek at
8:03 AM
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