It is so easy to lose thousands of hard-earned cash in the stock market within a couple of hours if a newbie doesn’t practice trading skills with penny stocks first. Professional traders have found yesterday a unique biotech stock Onconova Therapeutics (NASDAQ: ONTX) that costs around $0.50 but rising dramatically as the demand for the shares grows steadily.
On Monday ONTX rose 11.54% even though over 27 million shares had been actively traded. However, after hours the stock suddenly soared 20%. Right now in the premarket ONTX is almost reaching the $0.45 value on over two million shares.
After Sundial’s (SNDL) trend the active traders have turned their attention to another penny stock that can rocket due to positive news from other biotech competitors. Hopefully, the stock is going to surprise with a sudden jump soon after this morning’s trades. So, prepare your cash to invest in ONTX quickly while it is on the confident rise.