GoAmerica Jumps 7%, Volume Spikes with No News!

Shares of GoAmerica Inc(GOAM) gained more than 7% on Thursday as volume spike 10 times the 3-month average daily volume.

There were no significant news releases or other significant events that could be detected, although the stock has been on a tremendous run over the last week or so.

GoAmerica provides various accessible communications services to people who are deaf, hard of hearing, and/or speech impaired primarily in the United States.

The company is very tiny, having a market cap of only $21 million. It only holds about $3.5 million in cash but carries no longterm debt. The company has not made a profit over the last few years.

Shares of GoAmerica closed at $9.16, after making a new 52-week high during the day.

GoAmerica has made VSI's Watch List.

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