SYMD - Synthmed Inc. is continuing to move higher reaching a high of .12 intraday after closing at .06 yesterday with a percentage gain of 118%. Traders continue to push SYMD higher on above average volume of over 500,000 shares traded today. Average daily volume is 33,421 so trader interest in this penny stock is obviously on the rise.
Sytnhmed, Inc. is a biomaterials company which develops surgical implants and drug delivery products with a focus on anti-adhesion using bioresorable polymeric compositions utilizing a blend of hydrophobic and hydrophilic components.
Founded in 1990, the company website can be found at http://www.synthemed.com/
SYMD trades on the OTCBB. Financials were filed on March 31, 2011.