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Big Mover; IsoRay Inc. (ISR)

By Warren Paige

Shares of IsoRay Inc. (AMEX: ISR), developer, manufacturer and seller of isotope-based medical products and devices for the treatment of cancer and other serious diseases, are continuing to rally in trading today.

At last check, ISR shares were trading 15.38% higher at $1.35 on above average volume of 3.42 million. The stock has gained 100% in the last three trading sessions.

ISR shares are gaining momentum after the company announced that its Cesium-131 prostate cancer treatment was featured on the Discovery Channel.

Recently, the Richland, Washington-based company also announced that its GliaSite® radiation therapy system earned the European CE Mark. The European CE Mark allows immediate sale of GliaSite in 31 European countries.

GliaSite is the world’s only balloon catheter device used in the treatment of brain cancer. According to Dwight Babcock, Chairman and CEO of IsoRay, the CE Mark opens the door to revenue opportunities in international markets.

 

May 30th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.