Venaxis Inc (NASDAQ:APPY) on the Move

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Las Vegas, NV -- (SBWIRE) -- 01/15/2013 -- Venaxis Inc (NASDAQ:APPY) has jumped 4.27 percent in today’s session to $2.29. However the trading volume remains on unattractive levels. However if we also looks at its price history the stock has touched its highest of $6.54 in last one year.

The company is targeting its specific market of 10 million patients which are brought in emergency rooms with abdominal pain. Moreover, Venaxis Inc have also completed the requirement for CE Marking for APPY1 that is blood based appendicitis test.

However, investors remain mixed in APPY though there are multiple positive news regarding developments in company but still a large number of investors seemed to be squaring off their positions, following the news of rebranding of AspenBio Pharma into Venaxis Inc.

The company is also facing the persistent offence from investors for permanent share dilution throughout last year, resulting in little or no profit to the investors. Recent dilution was executed in November 2012 when the company offered 1,476,000 shares at $2.10.

To find out what OTCMAGIC projects for Venaxis Inc, for both short term and long term please click here: APPY

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