Volume Spike Investor

Verenium Corp. (NASDAQ: VRNM) is spiking significantly higher in pre-market trading.  The company signed a biofuel production pact with BP plc (NYSE: BP).  The pact will lead to cellulosic ethanol production using non-food stocks and Verenium will receive $90 Million in funding from BP over the next 18 months.  The market cap before today’s spike was $128 million.  In pre-market trading as of 8:55 AM EST we are seeing a 33% rise to $2.70 on only about 10,000 shares, although this rarely trades in the pre-market or after-hours sessions.

52wk Range:    $1.05-$6.95
Avg. Volume:   426,408
OPTIONS:         Yes, but thin volume

Jon C. Ogg
August 6, 2008