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Rollercoaster Week for Edge Petroleum (EPEX) Sees a Friday Rise

October 9, 2009 2:02 PM EDT
Shares of Epic (NASDAQ: EPEX) are volatile once again today following yesterday's news that the company will be de-listed from the NASDAQ. The stock is up $0.023 to $0.146 today, about 22%.

Epic filed for Chapter 11 October 1, and saw a 85% drop on October 2. This week saw Epic getting Chapter 11 approval as well and shares have taken off, reaching as high as $0.18 after the news.

Volume has also been up. Epic's average volume hovered around 2 million shares, but this week has seen numbers into the tens of millions, hitting 23 million on October 2, and 13 million today and yesterday.

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