3-month average volume=about 200k. Today's volume=2.8m.
Price has doubled since tof mentioned it.
Here's the entire text of Eric Savitz's take in Barron's (from last Friday):
Alas, with this post I have more questions than answers.
Nonetheless, I’d note that there’s been a sharp, sudden rally in the shares of Rediff (REDF) and Sify (SIFY), both players in the Internet content business in India.
REDF shares are up 36 cents, or 10.1%, to $3.93; the stock is now up 30% in two days, and 97% for the month to date.
SIFY shares are up 10 cents, or 6.1%, to $1.73; the stock is up 14% in two days, and 41% so far this month.
What are we looking at here? A 100-bagger over the next 5 years? Or a penny stock?