Eastern Light Capital Skyrocketing (ELC)

Eastern Light Capital, Incorporated ELC is skyrocketing today, gaining more than 100% in Thursday trading. The company put out a press release on the activity in the shares, and said it is not going to comment on the reason for the spike. ELC is organized as a Real Estate Investment Trust (REIT). Prior to 2007, the Company originated and invested in non-conforming, high yielding residential loans.