The jump followed its announcement that it was again in compliance with Nasdaq rules for listing on the Capital Market.
The volatility in the share price of Mer Telemanagement Solutions Ltd. (Nasdaq: MTSL) continues, with a 41.5% jump on Friday to $2.15, giving a market cap of $4.8 million. The jump followed a double-digit slide in the share price in the preceding days.
The jump in Mer's share price followed its announcement that it was again in compliance with Nasdaq rules for listing on the Capital Market, after the minimum market value of the company's publicly held shares had been $1,000,000 or greater for ten consecutive business days. Trading volume was 14 times the daily average: 707,000 shares were traded, amounting to 16% of its share capital.
Mer Telemanagement develops business support systems (BSS) for telecommunications expense management (TEM) solutions.
Published by Globes [online], Israel business news - www.globes-online.com - on November 28, 2010
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