Cesca Therapeutics Inc. (NASDAQ:KOOL) shares rose 32.4% during trading on Wednesday . The company traded as high as $7.39 and last traded at $5.89, with a volume of 6,127,246 shares trading hands. The stock had previously closed at $4.45.

Separately, Maxim Group reaffirmed a “hold” rating on shares of Cesca Therapeutics in a research report on Monday.

The firm’s market capitalization is $13.48 million. The stock has a 50-day moving average of $3.34 and a 200-day moving average of $3.53.

Cesca Therapeutics Inc is focused on the research, development and commercialization of autologous cell-based therapeutics for use in regenerative medicine. The Company is engaged in developing and manufacturing automated blood and bone marrow processing systems that enable the separation processing and preservation of cell and tissue therapy products.

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