Boston, MA 06/07/2013 (wallstreetpr) – The shares of Ambient Corporation (NASDAQ:AMBT) had surged by 51.25 percent to close at $2.42 per share for the end of last trading session on Thursday. The shares of the company had been trading in the range of $1.72 per share to $3.29 per share during the day. The shares of Ambient Corporation (NASDAQ:AMBT) had recorded a 52 week high price level of $9.36 per share and 52 week low price level of $1.70 per share.
Ambient Corporation (NASDAQ:AMBT) is involved in providing smart grid platforms that are secure, flexible and scalable. The company had recently enabled aggregation of local data and effective control at distributed locations on the utility grid through its Ambient Smart Grid Notes, which would now fully support DNP3 Protocol.
The smart grid platforms provider had recently released its first quarter financial results in which Ambient Corporation (NASDAQ:AMBT) had reported a total revenue of $5.0 million, which was lower than the $13.3 million revenue reported for the same quarter of previous year. Further, the net loss for the first quarter was reported to be $3.5 million or $0.21 per basic and diluted share, compared to $0.01 net loss per share for the same quarter of last year.
On Thursday, Ambient Corporation (NASDAQ:AMBT) had witnessed heavy trading volume at 259,779 shares being traded in the market, while the average trading volume of the company is at 12,305 share per day. The grid platform provider had recently been witnessing such heavy volumes of trading in its shares.
