Alerus Financial Corp. (ALRS.PK)

The corporate offices of Alerus Financial Corp are located in North Dakota. The shares of Alerus Financial Corp are presently listed on the Pink Sheets under the stock symbol ALRS.PK. We advise extreme caution before investing in any stocks on the Pink Sheets, as they are frequently targets of investor fraud.

400 employees work for the company. The company appears to have enough employees to successfully make further progress concerning their operations. However the large staff sets a higher bar at what the company must achieve to stay in business. If you are thinking about an investment in this company, you should consider how the size of their workforce might possibly affect their future business.

As of Dec 15, 2009, the company's share price was $23.10. Currently, the share price of the company is 31.56 % lower than its 52 week high of $33.75. Although this still may be a pennystock by our definition, the share price is at the higher end of the range for a pink sheet company. The price is hitting yearly lows, meaning the stock's performance has worsened. The situation calls for additional research before considering this stock. This stock appears to be trading at pretty low volumes, making it less attractive to traders, as the price could be highly volatile.