After the session with huge trading volume on Thursday, on Friday Transgenomic, Inc. (OTC:TBIO) closed the market with a 0.81% increase in the share price and only 985 traded shares for the day. Another company presentation caused the volume on Thursday, and respectively its effect are over. 
It looks like the trading range for the share price of TBIO is getting more stable as the stock closed Friday session at $1.25 for a share and very little trading interest. That was probably the natural outcome of the preceding trading day in which TBIO traded nearly 300,000 shares – a number several times higher the average daily volume for the past 30 days.
Much more trading interest can hardly be expected today as well. The reason for the huge volume seems to be the company’s presentation that took place the same day. In an 8-K from Friday, TBIO confirms that it has participated in an investment community meeting in New York. More details have not been announced, thus it is yet not clear if TBIO new presentation to the investor community is likely to bring some positive results for the company.
On the day of the previous investor presentation of TBIO in the middle of September, the share price jumped to $1.30. Maybe, it is TBIO recently reported uncertain financial position what makes traders get excited each time the company makes any efforts to attract new investments. At the end of June 2011, Transgenomic had $2.6 million in cash and equivalents and the available working capital required increase in sales and reduction in operating expenses if the company was to meet its liquidity needs on the long-term.
