Boston, MA 06/11/2013 (wallstreetpr) – The share prices of Clearsign Combustion Corp. (NASDAQ:CLIR) had surged by 13.63 percent to close at $7.92 per share for the end of last trading session on Monday. The shares of the company had been trading in the range of $7.15 to $7.95 during the day. The shares of Clearsign Combustion Corp. (NASDAQ:CLIR) had recorded 52 week low price level of $4.01 per share and 52 week high price level of $11.21 per share.
Clearsign Combustion Corp. (NASDAQ:CLIR) is primarily engaged in the design, development and marketing of combustion technologies related to electro dynamic combustion control (ECC). The combustion technology of the company primarily consists of four major components namely a computer, software delivering algorithms, a power amplifier which resides outside the combustion chamber and electrodes which are placed inside the combustion chamber.
The movement of electrically charged ions, which are obtained as natural products from the combustion process is manipulated using a computer controlled high voltage electric fields process which forms the fundamental concept of the Electro dynamic Combustion Control technology of Clearsign Combustion Corp. (NASDAQ:CLIR).
The shares of Clearsign Combustion Corp. (NASDAQ:CLIR) had recently been surging to high prices at heavy trading volumes. The company witnessed the trade of 150,919 shares on Monday, while the average trading volume of the company is at 117,847 shares per day.
Clearsign Combustion Corp. (NASDAQ:CLIR) presently holds 8.79 million shares outstanding in the market with an institutional ownership of 8 percent of the holdings in the company. The present market capitalization of the ECC technology based company is at $69.64 million.
