Bacterin International Holdings Inc. Price Moves Mysteriously Higher

Bacterin International Holdings Inc. (NYSEMKT: BONE) gained sharply Friday for reasons that weren't obvious.Shares of the Belgrade, Montana tissue bank and medical device company changed hands recently at $3.92 up $0.52 cents, or more than 15 percent.With a market capitalization of $26.7 million, trading volume Friday of a quarter million shares contrasts with slower days in recent weeks that have seen as few as about 1,600 shares changing hands.Average daily volume is about 19,000 shares.Bacterin, which hasn't posted any profits in recent years, received a delisting notice in November from the New York Stock Exchange for inadequate shareholders' equity.The company initially received a warning from the exchange in 2013, when it was given 18 months to reach compliance.http://www.sec.gov/Archives/edgar/data/1453593/000114420413036412/v348569_8k.htmDespite a 1-for-10 reverse stock split in July, and subsequent stock offering, the company failed to meet NYSE requirements and now plans to appeal the delisting.About 17.8 percent of the company is held by its founder and former chief executive Guy S. Cook of Bozeman, Montana, with another 10 percent held by OrbiMed Advisors of New York.http://www.sec.gov/Archives/edgar/data/1453593/000114420414029434/v378260_def14a.htm