260K Block moves at .531 At 3:25pm; 1,500 Trade In EH at $0.57

A block of 260,000 shares - possibly the same one purchased last week for .050 - sold today for $0.53, a $7,800 profit if so.

The block was immediately resold by market makers for $0.53.

It was the block's sale that pushed today's ERHC trading volume over 2,000,000.

ERHC continues to trade at $0.53 with volume of 2,190,173 at 3:33pm EST.

Update, 3:44pm: The bid moved up for the first time since late this morning to $0.53 and the ask moved to $0.535 at 3:25, and then to $0.54 in the last 15 minutes of trading.

A block of 198,188 shares moved at the $0.53 bid at 3:45pm EST.

The bid and ask were both at $0.53 shortly thereafter, at 3:47pm EST, when the bid dropped to $0.52 and the ask to $0.525. Trades were mostly at the bid at 3:50pm EST.

At 3:57pm, the bid stood at $0.52 and traders were taking profits there. The volume at 3:58pm EST was 2,596,988.

The last sale, 6,500 shares at the $0.525 bid at 4:00:34, left ERHC up $0.02 for the day on final volume of 2,602,588 shares. That was a $2,460 gain for my own portfolio.

According to E*Trade, a block of 1,500 shares moved at $0.57 in extended hours (EH) trading. EH trading is usually minimal in ERHC, but with blocks expected to be awarded in the Joint Development Zone within days, interest in "our minnow" remains high.