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Delcath continues up move, shares ahead 33%

Published 08/16/2017, 03:36 PM
© Reuters.  Delcath continues up move, shares ahead 33%
DCTH
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  • Nano cap Delcath Systems (DCTH +33.1%) is up on a whopping 122M shares, continuing its up move that began on August 3. Shares have almost doubled since then.
  • No particular news accounts for the action, but its Series B Preferred Stock ("Recent Financial Transactions" section of Q2 results press release), issued to debt holders in July, is convertible into common shares at $0.153 so it's a good bet that that the rally will at least continue to trigger conversion.
  • Now read: Delcath Systems May Take Off In The Near Future


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