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Pre-Market Alert: EMagin Shares Soar 100% On $5.5 Mln DoD Award

Shares of eMagin Corp. (EMAN) are rallying over 100% in pre-market today, after the company announced $5.5 million Department of Defense award.

The stock has been trading in the range of $0.14 - $0.92 for the past one year, and closed Thursday's trade at $0.60, down 12 cents or 16.08%. EMAN is currently trading at $1.19, up 60 cents or 100% in the pre-market session.

eMagin said it has been awarded $5.5 million under the Industrial Base Analysis and Sustainment Program for Organic Light Emitting Diode or OLED Supply Chain Assurance. The company noted that these funds are for procurement and installation of capital equipment in eMagin's NY-based manufacturing facility.

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