Home Top Movers Protagenic Therapeutics, Inc. (PTIX) jumped in Friday’s aftermarket: Why is it so?

Protagenic Therapeutics, Inc. (PTIX) jumped in Friday’s aftermarket: Why is it so?

Shares of Protagenic Therapeutics, Inc. (PTIX) stock continued the rising trend in the after-market session on Friday, May 8, 2021, after gaining as much as 13.30% witha $2.13 per share price at closing. PTIX stock price saw an uptrend of 15.02% to reach $2.45 a share in the late hours of Friday. It seems that PTIX stock is rising without any specific reason related to it. Let’s deep dive to explore more of it.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

What’s happening?

There is no recent news announced by the PTIX stock, no positive earnings report to justify the bullish sentiment. No signs of analyst upgrades or increased targeted per share price of the PTIX stock to explain the rising momentum. In this situation, it is better to look for the recent events of the PTIX stock.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


  Read More

Underwritten Public Offering:

On April 30, 2021, PTIX stock did announce the closing of its previously announced underwritten public offering of 3,180,000 units. The public offering price for each unit under this offering was $4.15.Each unit consisted of one share of common stock and one warrant to the purchase of one share of the common stock. Exercise price for the warrant was $4.98 and the expiry tenure was 5 years from the issued date. The underwriters were granted a 45-day option in order to purchase up to additional 477,000 units at the public price less than the commissions and underwriting discounts.

The common stock and warrant were traded on the Nasdaq Capital Market under the symbols “PTIX” and “PTIXW,” respectively. The gross proceeds resulting from this offering were totaled approximately $13.2 million without the deduction of commissions, underwriting discounts, and other offering-related expenses.

Protagenic Therapeutics, Inc:

Protagenic Therapeutics, Inc. (PTIX) is a preclinical biopharmaceutical company focused on the treatment of neuropsychiatric, anxiety, addiction, and various mood disorders via the discovery and development of therapeutics. The lead product of Protagenic Therapeutics is PT00114, and its market cap is 29.353M. Protagenic Therapeutics, Inc was founded in 2016 and based in New York.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion:

So far so good for PTIX stock as far as market sentiment is concerned though there is no certain recent news this week related to PTIX stock. In short, individuals eyeing PTIX stock need to do deep research before adding this stock to their portfolio.

 

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

SPX Flow Inc. (FLOW) stock surged during current market. Here’s why the stock is sky-rocketing?

SPX Flow Inc. (NASDAQ: FLOW) stock gained by 24.24% in the current market trading session. SPX FLOW, based in Charlotte, works to make the...

Platinum Group Metal Ltd. (PLG) stock surges during after-market trading. Here’s to know what’s happening?

Platinum Group Metal Ltd. (NASDAQ: PLG) stock declined by 8.54% at last close whereas the PLG stock price gains by 7% in the after-market...

TD Holdings Inc. (GLG) stock gains during current market trading. Here’s the recent update

TD Holdings Inc. (NASDAQ: GLG) stock gains by 5.01% in the current market trading session. TD Holdings, Inc. is a service provider in China...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

NeuroMetrix Inc. (NURO) stock plunged during pre-market. Let’s find out why?

NeuroMetrix Inc. (NASDAQ: NURO) stock gained by 18.89% at last close while the NURO stock price losses by -4.12% in the pre-market trading session....

Related News

Veoneer Inc. (VNE) stock shows massive gains during pre-market. What’s driving it high?

Veoneer Inc. (NASDAQ: VNE) stock decline by 1.82% at the last close whereas the VNE stock price gains by 55.19% in the pre-market trading...

AnPac Bio-Medical Sciences Inc. (ANPC) stock soars during pre-market. Here’s what you should know?

AnPac Bio-Medical Sciences Inc. (NASDAQ: ANPC) stock declined by 4.98% at last close however the ANPC stock price gains by 6.96% in the pre-market...

Endeavour Silver Corp. (EXK) stock surged during pre-market trading. Here’s what you should know?

Endeavour Silver Corp. (NASDAQ: EXK) stock declined by 4.97% at the last close whereas the EXK stock price gains by 3.56% in the pre-market...

Here is why Amneal Pharmaceuticals Inc (AMRX) stock soared on Monday?

Amneal Pharmaceuticals Inc. (AMRX) shares rose 7.18% in after-hours on Monday, July 19, 2021, and closed at $4.63 per share. Earlier in the morning,...

Why Applied DNA Sciences Inc. (APDN) stock had a bad Friday?

Applied DNA Sciences Inc. (APDN) shares fell 5.27% in after-hours on Friday, July 16, 2021, at $5.03 per share. Earlier, APDN's stock lost 2.93%...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam