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Early Volume Plays Among Those Valued Below $10 (MIPI, INXI, PRXI)

Benzinga 16 years ago

NewsPre-Market OutlookIntraday UpdateMarketsMovers

Some of the stocks that are valued below $10 and have the potential to become one of the high volume movers in the early trading hours are: The biopharmaceutical company, Molecular Insight Pharmaceuticals (NASDAQ: MIPI), today announced that it has received a third extension of its waiver agreement with its bond holders. This will lead to the progress of debt restructuring discussions. Following the news, MIPI shares rallied 8.3%, to $1.95 in pre-market hours. The company has a 50-day average daily volume of 764,000. Technology infrastructure solutions company INX (NASDAQ: INXI) announced late yesterday that errors from previous financial statements are expected to be rectified in "weeks not months." The company is to restate its financial results, since there were certain errors that impacted the timing of recognition of revenues and their costs. Shares of INXI plunged 10.4% to $4.3 in the after-hours session yesterday. The company’s 50-day average daily volume stands at 11,000. The touring museum-quality exhibits developer, Premier Exhibitions (NASDAQ: PRXI), announced today that its largest shareholder, Sellers Capital Master Fund (SCF), has decided to sell its stake in the company. SCF, which holds 46% of PRXI’s common stock, is searching for a single buyer for its equity stake in the company. Following the news, PRXI shares surged 13.6% to $1.50 in pre-market hours. Premier Exhibitions has a 50-day average daily volume of 67,000. Read more from Benzinga's Markets.

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