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Penny Stock DD

Orexigen Therapeutics, Inc. (NASDAQ:OREX) witnessed the correction of 6.10% to close at $3.23 with overall traded volume of 6.91 million shares in the last trading day. The company maintains strong short term liquidity position with current ratio of 7.24 times. The RSI value of 27.66 times depicts that the current shares value is in highly oversold level.

Zalicus, Inc. (NASDAQ:ZLCS) reported the fall of 6.17% and closed at $2.28 whereas total traded volume stood at 2.09 million shares for the day. Its price to earnings ratio stands at 7.86 times till its last trading session. The company stands in profit with the profit margin of 3.88%.

OXiGENE, Inc. (NASDAQ:OXGN) closed at $0.16 after moving down by 13.32% with traded volume of 6.13 million shares in the last trading day. The current market price is 22.38% less than its last 50 days simple moving average.

Idenix Pharmaceuticals, Inc. (NASDAQ:IDIX) went down by 25.19% and closed at $3 whereas overall traded volume stood at 2.42 million shares for the day. The company maintains strong short term liquidity position with current ratio of 2.34 times.

Marina Biotech, Inc. (NASDAQ:MRNA) plunged by 28.66% to close at $0.80 with total traded volume of 10.07 million shares in the last trading day. The share price is likely to move by 1.84 times against 1 point change in market index.

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