Geometry Dash APK Hill Climb Racing APK
70.3 F
New York
Tuesday, September 21, 2021

Inspyr Therapeutics Inc (OTCMKTS:NSPX) Extends Rally, Then Crashes

Must read

Medmen Enterprises Inc (OTCMKTS:MMNFF) Pulls Back From Highs as Buzz Cools Off

Among the sectors which have bounced back in 2021, the cannabis sector is one of considerable interest since it had been in...

VirtualArmour International Inc (OTCMKTS:VTLR) Jumps Another 250% This Week

Not every move in the stock market can always be explained and hence, investors are often rightly confused when a stock records...

Ozop Energy Solutions Inc (OZSC) is Riding a Green Wave of Momentum

Investors who are looking for fresh opportunities in rising stocks may have a lot to choose from at this point but it...

Drone Delivery Canada Corp (OTCMKTS:TAKOF) is Soaring after Roadmap Update

The drone industry has grown at a remarkable rate over the past five years or so and hence, it is no surprise...

Whenever a pharmaceutical or biotech company makes a breakthrough with regards to cancer treatment, it’s almost certain to have a positive effect on the stock, and that’s what happened with the Inspyr Therapeutics Inc (OTCMKTS:NSPX) stock this week.

The company announced on Monday that it made the acquisition of a unique immuno-oncology delivery technology.

Major Triggers

The technology helps in targeting adenosine receptor antagonists and thereby helps in the treatment of cancer. This is, without a doubt, a significant development for Inspyr and it was no surprise when investors piled on to the stock. The stock rallied strongly on Monday and went up by as much as 103%. Moreover, the stock went up another 90% on Tuesday and traded at a high of $0.067.

In this regard, it should be noted that the company had made the acquisition of this technology earlier; however, it had been licensed to Ridgeway Technology. Inspyr regained the rights to the technology in exchange for 8000 units of Series F Convertible Preferred Stock and 65000000 units of the common stock.

On top of that, this transaction has made sure that Inspyr is now in possession of not only the technology but also all the licenses and any technical improvements that had been made by Ridgeway.

While the rally on Monday was certainly impressive, it’s necessary to keep in mind that the Inspyr stock has been making an upward move prior to that as well. Due to a significant rise in trading volumes, the stock recording significant gains last week.

It’s also necessary to point out that the Inspyr stock is well known for making big moves and then retracting. NSPX remarkable rally back in March this year.

Hence, it is no surprise that when this stock goes on a rally, investors do sit up and take notice. The current move has brought the focus on NSPX again and it could be prudent for investors to put Inspyr into their watch lists.

Latest article

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...

Net Savings Link Inc (OTCMKTS:NSAV) Goes Parabolic Ahead of Important Event

As far as cryptocurrency and blockchain companies are concerned, there are many options nowadays for investors to explore.

Dark Pulse Inc (OTCMKTS:DPLS) Stock Moves in a Range After The Big Rally

The laser sensing system company Dark Pulse Inc (OTCMKTS:DPLS) has emerged as one of the major gainers over the course of the...

Halberd Corporation (OTCMKTS:HALB) Stock Doubles After ‘Proof of Concept’ News

Investors are always on the lookout for stocks which managed to record handsome gains over a short of period of time and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service