Pro-Pharmaceuticals, Inc. (OTC:PRWP) went 8.43% up yesterday and the price reached a new high of $0.90 at closing time. The volume, while not a record, was pretty high, and reached 550 thousand shares. The average turnover for PRWP is 132 thousand.
This break out is most likely due to the press release from last Thursday which proclaimed that Vista Partners had updated its coverage on Pro-Pharmaceuticals, Inc., and maintained its twelve month target price to $2.10. While such news might sound very…