Penny Stock Theragenics Corp. (TGX) Soaring in Today’s Mid-Day Session
Shares of Theragenics Corp. (NYSE: TGX), a medical device company serving the surgical products and cancer treatment markets, are soaring in Tuesday’s trading.
At last check, the penny stock of TGX was trading 16.48% higher at $2.05, with volume up from daily average of 32,270 to 391,044.
Theragenics shares are surging in today’s trading after the company announced plans to buyback up to $10 million of its shares in a modified Dutch Auction tender offer.
Christine Jacobs, chairman and CEO of Theragenics, said that the strength of TGX’s balance sheet allows the company to fund the $10 million buyback offer from available cash on hand.
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Posted by Tammy Dugas
on Tuesday, June 12th, 2012. Filed under Internet, Stocks.
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