IsoRay Shares Triple On Big News: Now What?

Those who are looking for the latest big moves in premarket trading today could consider having a look at the IsoRay (NYSE: ISR) stock. Yesterday, the company made a major announcement regarding one of its products. This morning, investors have piled on to the stock and it has rallied by as high as 190% before the opening.

On Tuesday, the company announced that the United States Food and Drug Administration has cleared the use of the company’s Cesium 131 in conjunction with Sirius positive-signal MRI markers from C4 Imaging. For all intents and purposes, it is a major development for IsoRay and the rally in the stock is understandable.

It should be noted that at this point, IsoRay is the only producer of Cesium in the world. Hence, it also places IsoRay in a unique position. The stock is likely going to be in focus among investors this morning and investors could consider keeping an eye on the action.