Tomahawk, WI 3/29/2012 (StreetBeat) – MGT Capital Investments, Inc. (Amex: MGT) said today, in a press release, that there have been no material undisclosed developments which would account for the recent increase in the price of its common stock. Shares of MGT topped out at $5.06 in late trading today on fairly heavy volume and then settled back down to its current price of $3.18 per share, which is still a 66 percent gain.The NYSE Amex notified the Company today about unusual trading activity in its stock, and the NYSE Amex requested the Company to respond by press release to the unusual activity. The Company's general policy is not to comment on market rumors or speculation including unusual market activity and instead urges investors to look to the Company’s filings with the SEC and its official press releases.
MGT is a holding company comprised of MGT, the parent company, and its wholly-owned subsidiary MGT Capital Investments (U.K.) Limited. In addition we also have a controlling interest in our subsidiary, Medicsight Ltd, including its wholly owned subsidiaries.
Medicsight is a medical technology company with operations in medical imaging software development and medical hardware devices. The company provides a computer-aided detection software application that is used to assist radiologists with early detection and measurement of colorectal polyps. The company’s software received a CE Mark in 2009, as well as clearance from the U. S. FDA in May 2011. Medicsight has also developed an automated carbon dioxide medical inflation device and associated disposable tubing (MedicCO 2 LON) that is being commercialized in partnership with a global distributor.
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