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Mid-Day Alerts for October 17: OncoSec Medical Inc. (ONCS), OriginOil Inc. (OOIL), Oryon Technologies Inc. (ORYN)

Shares of OncoSec Medical Inc. (OTCBB: ONCS), a California based Biomedical Company that develops therapeutic oncology products and offers patients with alternative treatments to existing therapies to treat cancerous tumors and cancerous cells, are soaring in today’s trading.

At last check, ONCS shares were trading 17.61% higher at $0.3940, with volume up from quarterly average of 1.01 million to 2.91 million. It reached its 52 week high at $1.00 during February 2012.

ONCS announced today that it received authorization to CE mark its proprietary gene and drug delivery platform, the OncoSec Medical System (OMS) electroporation device, for use in the European Economic Area (EEA). SGS Group, an industry-leading company on inspection, supervised the assessment and certification process.

Shares of OriginOil Inc. (OTCQB: OOIL), a California based company involved in developing a technology to transform algae into an alternative to petroleum, are climbing in today’s trading.

At last check, OOIL shares were trading 9.79% higher at $0.92, with volume up from quaterly average of 0.046 million to 0.29 million. It has been trading so far for the day in the range of $0.0270 and $0.0370.

OOIL announced today that it has signed its first agreement to license OriginOil’s proprietary CLEAN-FRAC process with oil and gas water treatment firm Pearl H2O. Pearl H2O intends to integrate CLEAN-FRAC as the first step in its own continuous-process oil and gas frack water recovery and cleanup system.

Shares of Oryon Technologies Inc (OTCQB: ORYN), a Texas based company engaged in developing next-generation electroluminescent lighting technology for cell phone key pads, apparel products and costumes, are marginally lower in today’s trading.

At last check, ORYN shares were trading 0.12% lower at $0.8490, with volume down from quarterly average of 0.34 million to 0.26 million. The stock has been trading in the range of $0.84 and $0.87 so far in today’s trading.

The stock reached its 52 week high of $1.33 in May 2012 but deteriorated since then. Now it has been recovering back in the past few weeks and currently trading much above its 52 week low of $0.4.

The stock opened today at a price slightly below its previous day close price but increased steeply to its intraday high of $0.87 within few minutes of market open. The stock had been volatile in the morning session and stabilized around $0.84 by mid-day trading.

 


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