Crystallex International, Sprint Nextel: Early Volume Plays
NEW YORK (TheStreet) -- Crystallex International (KRY) was one of several stocks trading near $5 poised to move on above-average volume Monday after the Canadian gold producer announced a partnership deal.
Crystallex International said it has signed an agreement with China Railway Resources Group to create a strategic partnership for the development of the Las Cristinas gold project in Bolivar State, Venezuela.
Crystallex shares surged by 29 cents, or 53.7%, to 83 cents in the premarket session. The three-month average daily volume for Crystallex is 911,000, according to Yahoo! Finance.
Elsewhere, Sprint Nextel (S) rose 18 cents, or 3.8%, to $4.96 in the premarket session after the wireless company said Friday sales of the HTC EVO 4G marked the "largest quantity of a single phone sold in one day ever" for Sprint. Sales led to temporary shortages of the device at some of the 22,000 sales locations in the U.S., Sprint said. The three-month average daily volume for Sprint is 69.89 million.
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