VOLUME SPIKE: Pacific Ethanol (PEIX)

Posted in General 
May 12th, 2009

Pacific Ethanol, Inc. (NASDAQ: PEIX) has just seen a severe volume surge this morning.  Unfortunately, not on the good side.  It posted a loss on declining volunmes and on declining sales prices.  It is also on the verge of bankruptcy if it cannot shore up liquidity or raise financing.  FULL DETAILS at 24/7 Wall Street.

Shares are down 3% at $0.69, but the range today alone is $0.58 to $0.83.  At 10:07 AM EST we have seen some 1.2 million shares trade hands, more than 100% of its recent average trading volume.

JON C. OGG

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