After closing up 15.70% on Friday, Positron Corporation (OTC:POSC) managed to add another 21.43% yesterday. Both sessions the volume was high above the average.
The reason for the performance seems to be a press release by POSC issued on Friday.[BANNER]
The company announced the approval of the amendment to the radioactive materials license of Manhattan Isotope Technology (MIT). POSC finalized the acquisition of MIT on Jan. 17.
According to Jason Kitten, President of MIT, the approval will help POSC become a “total solutions provider.”
POSC is generating revenue, but its operations aren’t bringing any profit yet, so it isn’t very surprising the news was met well by the market. Nevertheless, this development doesn’t guarantee any profits either. It is still a step in the right direction, though.
