Severe Volume Spike: Alfacell Implosion (ACEL)

Alfacell Corporation (NASDAQ: ACEL) is down some 55% today and has traded as low as $0.70 in early morning trade. Its 52-week high was $2.88, and the 52-week low before today was $1.45. The company’s average trading volume each day was about 121,000 shares.  It is at more than 1.4 million shares today and we are only 1 hour and 20 minutes into the trading day if you don’t count the pre-market trading since its press release was issued  at 8:00 AM EST. Alfacell said in its press release that i