Cheapest Rising Stock To Consider: 9 Meters Biopharma (NASDAQ: NMTR)

On over 27 million shares biotech company 9 Meters Biopharma (NASDAQ: NMTR) surges steadily by over 12%. Being one of the penny stocks makes NMTR attractive to many traders who may diversify portfolios with a lot of cheap shares.

Under $1 stocks usually surpass $2 easily due to simple news that comes from the press release. Despite negative earnings, NMTR still strives to impress short term investors with interesting volatility.

9 Meters is actually burning cash and soon may request a loan or issue shares. However, several vaccines and medicines are ready to serve the company’s revenue. Recently, 9 Meters issued a patent for use of its rare drug for treating patients with problematic lungs.

Richard McEntire

Finance and Entertainment ReporterRichard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.