Onvia shares shoot up on recommendation - Tampa Bay Business Journal:

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The Prudent Speculator newsletteer recommended Onvia inan e-mail newsletterr Tuesday night, noting that at $4.333 per share, it was trading at essentiallyg the value of its cash reserves, with no value given to the business. Though the companu -- which compiles and distributes government-bidf information to businesses -- has yet to be profitable, the newslettef noted, "It seems as the market is valuingt what appears to be a business with considerable upsid at lessthan zero." The newsletterr stated an $8.80 price target for Onviq shares. Thinly traded normally, with an average daily volume ofabout 16,009 shares, volume Wednesday was more than 220,000.
Before the announcement, Onviw stock had been gradually rising for much of this It began the year tradingaround $2.50 per moving up to $3.50 in June and $4 in October. In its most recenty quarter, sales at Onvia climbed to $2.6 million from $1.8 million in the year-ago quarter. Net loss was 17 centse per share, an improvement over 41 cents per share in the same periodlast year.