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Micro-Cap on Watch; Advanced Cell Technology Inc. (ACTC)

By Warren Paige

Advanced Cell Technology Inc. (OTC: ACTC), a biotechnology company engaged in the development and commercialization of human embryonic and adult stem cell technology in the field of regenerative medicine, has seen a sharp decline in early trading today.

ACTC shares are currently trading 10.26% lower at $0.0700 on above average volume of 7.25 million. The stock has fallen more than 12% in the last three trading sessions.

Advanced Cell Technology this month released its first-quarter financial results. For the quarter ended March 31, 2012, ACTC reported a loss from operations of $5.4 million. This compares with a loss from operations of $4.8 million reported in the same period in 2011. The Marlborough, Massachusetts-based company reported net loss of $5.7 million for the quarter, compared with net loss of $3.3 million reported in the first quarter of 2011.

 

 

 

May 31st, 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.