Applied Energetics, Inc. Hits A Shocking Volume
28 Jun 2010

Applied Energetics, Inc. (NASDAQ:AERG) hit a shocking volume last Friday. Its value exceeded 8 million shares traded, while the previous day it was approximately 470 thousand shares.
Though the AERG’s phenomenal volume, its stock price change is currently -0.96%, and the market cap totals 116.34M.

What’s going on with Applied Energetics in fact?

There is not much news on the company presently, except that it has made a couple of new appointments. AERG appointed new president and a chief financial officer, who started their work immediately.

The sudden changes raise questions on the company’s business and no reasonable explanation can be found so far.

The company reported higher revenue for the first quarter of 2010, however its cash position has decreased.

Currently, AERG believes it has sufficient capital to complete its business plan, though the company expects additional financing.

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