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Shares of Rancho Cordova-based Cesca Therapeutics jump 27 percent in a day

Traders bought up shares of Rancho Cordova-based medical biotechnology company Cesca Therapeutics Inc. on Monday, raising the price 27 percent in a single day.

Cesca shares rose 83 cents to $3.90, briefly spiking up to $4.60.

The normally thinly traded stock saw volume hit 6.6 million shares on Monday, compared to an average daily volume of 532,628 shares over the past three months.

Cesca last week announced it was granted its third patent on its blood and cell collection, preparation and storage…

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