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Micro-Cap on the Move; InVivo Therapeutics Holdings Corp. (NVIV)

By Warren Paige

Shares of InVivo Therapeutics Holdings Corp. (OTC: NVIV), a development stage company engaged in the development and commercialization of polymer scaffolding devices for the treatment of spinal cord injuries, are soaring in trading today.

At last check, NVIV shares were trading 7.56% higher at $2.56 on above average volume of 409,665. The stock touched an intra-day high of $2.64 in trading today. It gained 22.38% in the last three trading sessions.

According to a 10Q filing made by InVivo Therapeutics last month, the company’s research and development expenses for the quarter ended March 31, 2012 stood at $941,000. This compares with $636,000 reported for the quarter ended March 31, 2011. The company had total current assets of $20.74 million at the end of the first quarter of 2011. Its current liabilities stood at $29.78 million at the end of the quarter.

June 26th, 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.