Several companies trading on the OTCBB had strong performances during the trading day on Wednesday with a number of those companies posting 52-week highs. Included in that list are Pro-Pharmaceuticals, Inc. (PRWP), Lighting Science Group (LSCG), Argentex Mining Corp. (AGXM), Transgenomic Inc. (TBIO), and Bio-Path Holdings (BPTH).
Pro-Pharmaceuticals, Inc. (PRWP) set a 52-week high of 1.44 on Wednesday, a bounce from yesterday’s mark of 1.40, and shares closed at 1.34 on more than 3x the average trading volume. The company, which engages in the discovery and development of therapeutics for the treatment of cancer, liver, microbial, and inflammatory diseases, is comfortably ahead of its 50-day moving average of 0.82 and its 200-day moving average of 0.71.
Lighting Science Group Corporation (LSCG) saw shares climb to a 52-week high of 5.39 on Wednesday but things quickly went south on the day as shares tumbled down to a low of 3.50 before closing at 4.05 on more than 500,000 shares trading hands. LSCG, which designs, develops, manufactures and markets LED lighting solutions that are environmentally friendlier and more energy efficient than traditional lighting products, remains above their 50-day moving average of 3.36 and 200-day moving average of 2.20.
Argentex Mining Corp (AGXM) hit a 52-week high on Wednesday, reaching 0.93 after proving an update of its exploration activities from its three most advanced mineral properties in the prospective Deseado Massif region of Santa Cruz province, Patagonia, Argentina. Shares closed at 0.93 for AGXM, which engages in the exploration, development, and production of mining properties in Argentina, keeping them above the 50-day moving average of 0.807 and 200-day moving average of 0.715.
Transgenomic Inc (TBIO), coming off the closing of the acquisition of Clinical Data’s Diagnostic Business and the closing of a $6 million financing saw shares climb to a 52-week high of 0.92 on Wednesday before closing at 0.88. Shares in the company, which provides products for the purification and analysis of nucleic acids used in the life sciences industry for research primarily on molecular genetics and diagnostics, remain above the 50-day moving average of 0.625 and 200-day moving average of 0.54.
Bio-Path Holdings (BPTH) experienced a volatile day of trading on Wednesday as shares spiked to a 52-week high of 0.85 before crashing down to 0.41 at closing. Shares in the biotechnology company, which develops liposomal drug delivery systems, remain just above their 50-day moving average of 0.385 and their 200-day moving average of 0.40.
