Is Vermillion's Move Real? (VRML)

Investing

Published: March 6, 2012 3:37 pm

Usually for a small cap or micro-cap stock to double, it is because of a buyout. A move today in Vermillion, Inc. (NASDAQ: VRML) has the shares up over 100% after the company reported that the American Medical Association (AMA) Current Procedural Terminology Panel voted to approve the company’s application for a Category 1 CPT code for its OVA1® test. The test is designed to help differentiate benign versus malignant ovarian masses.

Vermillion noted that there has been an unmet clinical need for this triage test. The company also noted that it will help streamline claims processing and accelerate further coverage and adoption by private payers. The AMA recently disclosed the new code on its website, which will become effective January 1, 2013.

What is amazing is that the gain of 114% to $2.85 is on 9 million shares. That is about 80-times normal trading volume. Yahoo! Finance also noted that the 52-week trading range is $0.97 to $7.60 and its market cap after this double-plus is still only almost $43 million.

We do not know if the company will use the opportunity to raise capital or not.

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.