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Penny Stock Theragenics Corp. (TGX) Soaring in Today’s Mid-Day Session

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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.


Posted by on Tuesday, June 12th, 2012. Filed under Internet, Stocks. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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