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BREAKING- Verenium Halted- Up 44 Percent (VRNM)

Shares of Verenium (NASDAQ: VRNM) are up 44 percent after being up as much as 63 percent before being halted on a circuit breaker. The reason for the spike which occurred around 9:45 a.m. EDT is still unknown.

Over the past month, the stock was up about 2 percent prior to today’s move.

Verenium is $37 million company that trades an average of 18,000 shares each day. As of 10:16 a.m. EDT, Tuesday, it had already traded 249,000.

Read More: TRADE ALERT- Exact Sciences a Buy at Current Levels – RW Baird

Verenium Corporation, an industrial biotechnology company, engages in the development and commercialization of enzymes for industrial processes in North America, Europe, South America, and Asia. The company manufactures and markets its proprietary enzyme products in the fields of animal health and nutrition, grain processing, oilfield services, and other industrial processes, such as pulp and paper, and textiles.

[stock-tools exchange="NASDAQ" symbol="VRNM" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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