Stock Market Alert - NYMX Up on New Product News

Posted on Wednesday 13 December 2006



Stock Market Alert - NYMX caught a bid on Tuesday, trading up over 8% to close the regular session at $3.52 after the company announced that they are developing a product, NXC-4720, to combat E-Coli food poisoning. Obviously this is timely news, considering recent events, so it is no surprise that daytraders bid up the stock on Tuesday. Volume was heavy, with over 1.2 million shares of the stock changing hands, compared to a normal daily average volume of 84k shares traded. As of the close on Tuesday, NYMX had a market cap of just over $98 million dollars.



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