Precipio Higher By 270% In 3 Days On Light Volume

Precipio Inc PRPO shares are trading higher by $14.17 (114 percent)  at $26.27 in Wednesday's session.

Before the open, the company announced an agreement with Clearbridge Health for liquid biopsy and diagnostic services in Asia.

Precipio's stock is now higher by 270 percent over its last three sessions after its June 29 close of $6.80. Its current high of $28.16 marks the highest level for the stock since January 17, when it peaked at $29.40.

Precipio has a market cap of just over $31 million and it should be noted this is a very thinly traded stock and could be subject to violent price swings in either direction. Just 1,425 shares traded on Friday and only 7,000 shares on Monday.

Today's rally is taking place on significantly more volume, as 40,000 shares have changed hands with just over four hours remaining in the trading session.