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COLUMBIA, Md. (

TheStreet

) --

Fortress International Group

(FIGI)

shares rallied sharply higher Monday on heavy volume after the construction management company said it received $39.4 million in new contracts.

Fortress International said it has been awarded six contracts totaling approximately $39.4 million spanning all three of its divisions -- technology consulting, construction management and facilities management. Including the new project awards, Fortress International said it has closed $46.5 million in new business since the end of the second quarter.

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Shares of Fortress International were jumping by 42 cents, or 100%, to 84 cents. Earlier in the session, the stock touched an intraday high of 97 cents. More than 2.1 million shares changed hands by 11 a.m. EDT Monday, compared to the stock's 50-day average daily volume of 82,000, according to the

Nasdaq

.

Fortress International has a 4.5 million-share float with a short interest float of only 0.5% as of Sept. 25, according to Yahoo! Finance. More than 61% of the company's shares are held by insiders with another 4.9% owned by institutions.

Read more about today's high-volume stocks like Shiner International in earlier "Pump Up the Volume" posts

.

-- Written by Robert Holmes in New York

.