Friday, 2 March 2007

Monthly Market Commentary: LMS Medical Systems

LMS' stock price recovered somewhat over the past month from its $1.36 close at January month-end. However, by the end of February, it slipped back downward to close at $1.26 before jumping back up to the $1.40 range in early March. Over 500,000 shares of LMS traded in February; up significantly from LMS' 2006 average monthly trading of approximately 313,000 shares.

Insiders stepped up to participate in the financing announced on February 26th; Board of Directors members Terence Gregg, Michael Maher, Henry Hohn and President & CEO Diane Côté collectively put in $176,198 to purchase 157,320 shares. The insiders paid a slight premium ($1.12 per unit) to participate in this financing, for complete details visit Canadian Insider.