Shares of Dynasil Corporation of America (NASDAQ:DYSL) jumped over 80% and is currently trading at $6.65 with an intraday high of $7.48. DYSL is having a monster volume day with nearly 800 thousand shares traded so far today, well above its daily average of just 9 thousand shares.
Earlier this morning the company announced patent approvals for advanced radiation detection and increased detector production capacity. Their new detector material is capable of responding independently to both gamma and neutron radiation. This is a major advancement because most neutron detectors are based off Helium-3, which is only available in limited quantities.
Dynasil Corporation is currently installing a production facility for these new detectors at their Hilger Crystals Division in Margate, England. The company expects that the Hilger facility will be ready to supply production volume shipments of the new detectors during the quarter ending on September 30.
About Dynasil Corporation of America
Dynasil provides technology, products, services and solutions aimed at making the world safer and healthier. Dynasil serves their customers specific needs whether it be medical, industrial, or homeland security. The company has operations in Massachusetts, New Jersey, New York, and the UK.