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FRLK FORLINK SOFTWARE CORPORATION INC.
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FRLK: Volume Spike; 296% > 20-adsv, Stock +2.70%
THURSDAY , MARCH 11, 2004 10:55 AM
This is the 1st VOLUME alert for FRLK in the past 7 calendar days.
Trading for Forlink Software Corporation Inc. (OTCBB: FRLK) has been heavier than usual in today's session. By 10:55 ET, the stock had already traded 145,000 shares via 15 trades. The cumulative volume is 296.11% above its 20-day average of 36,606. Normally the stock experiences around 7 individual trades per session.
So far, today's volume surge has caused a net rise in FRLK's stock price. At the time of this alert, the stock was trading at $0.380, up $0.010 (+2.70%).
One year ago, the Company's shares closed at $0.045. The price has gained more than 744 percent since then.
Over the last 10 trading session FRLK has traded in a range between $0.340 and $0.410 and is currently trading 15.56% below its 52-week high of $0.450 set on January 20, 2004 and 850.00% above its 52-week low of $0.040 from March 27, 2003.
In the previous 3 sessions, FRLK trading has displayed a mixed trend. Closing results have been as follows:
March 10, 2004 --- closed at $0.370 up $0.025 (+7.25%) on 2,880 shares March 09, 2004 --- closed at $0.345 down $0.005 (-1.43%) on 9,500 shares March 08, 2004 --- closed at $0.350 down $0.030 (-7.89%) on 56,550 shares
The Company last released news on January 19, 2004:
"Forlink Achieved Capability Maturity Model Integration --CMMI-- Level 2"
FORLINK SOFTWARE CORPORATION INC. Forlink Software Corporation, Inc. is a provider of Application Integration Technologies (AIT) and services for several industries in China. It focuses on providing total AIT solutions and applications for industry customers, comprising over telecommunications, finance, logistics, governments, retailing, etc. The Company's principal activities are the development and sale of network software system, provision of enterprise application system integration services in the PRC. As a significant part of system integration services, the Company is also engaged in the sale of computer hardware.
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