Implant Sciences’s (OTC: IMSC) stock price was down by $0.08 today after closing at $1.40 on Friday, resulting in 5.7% decrease. In the past 52 weeks, prices have ranged from $0.32 to $1.74, exploding to its yearly high last week and then steeply declining after Thursday’s volume reached 1,233,574 shares. Its last highest stock price was on May 10, 2012, when it reached $1.10, then May 14, 2012, at $1.06. The price was at $1.00 a share on April 11, 2012, and has been under $1.00 the rest of the year.
Volume was still more than two times above the average of 212,433 shares, with 571,800 shares traded today. The volume amounts have shown to be a true roller-coaster ride over the past six months. The number of shares traded has been below 8,000 on some days, with a sharp rise on May 10, 2012, with more than 705,000 shares traded. The trading volume sharply declined after that, and stayed fairly level until June 20, 2012, when volume surpassed one million shares.
Implant Sciences, based in Wilmington, Massachusetts, is a leader in trace detection systems used to combat terrorism. The company manufactures sensors and systems for homeland security markets. The company has been in the news a lot lately for its Quantum Sniffer H150 handheld explosives trace detector. On June 27, 2012, it announced that it sold an order to First Class Zollservice und Transportvermittlungs GmbH. Today, it won a contract to sell units of the detector to a Singapore bank. So far, the company has sold the detector to various banks, hotels, office buildings, manufacturing plants and stock exchanges throughout Europe, Asia, the Middle East and Africa.
Implant Services has been riding high due to another accomplishment: The company was featured on the cover of the June issue of Government Security News. The latest issue discusses how Implant Services has become a company focusing on homeland security and that it is led by top executives. The publication has a target audience of those who work in the homeland security field, including local, state and federal officials and contractors. It reaches 35,000 people and has more than 80,000 page views online every month.
Implant Services Corporation also underwent some staffing changes in the past two weeks, adding United States Transportation and Security Administration (TSA) veteran Mo McGowan as an advisor to the company. Just days later, security expert Robert J. Franks also became an advisor to the Company.
Implant Sciences Corporation was promoted throughout 2010 and in May 2011 as a top penny stock to watch.
Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. While reading this article one must assume that we may be compensated for posting this content on our website.