Micro Identification Technologies, Inc. closed trading today at $0.06, up $0.015 or 33.33%, on approximately 3.4 million traded shares! Today’s trading activity was fueled by a news release from the company stating that it has signed an agreement with a subsidiary of OSI Systems (NASDAQ: OSIS) to manufacture its microbial rapid identification system. With an average daily volume of 316,400 traded shares, MMTC’s trading activity was nearly 10 times greater than a typical day in the market.
Micro Identification Technologies Inc. is focused on becoming a global leader in developing, supporting and marketing rapid systems and processes that detect and identify microbial organisms. The company’s technology offers significant advantages over today’s methods of microbial detection, including lower cost, rapid results, easier use and the ability to test for multiple bacteria in one process. For more information on the company, visit the company’s website at micro-imaging.com
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