Check-Cap Extends Rally on Continuous Optimism

Check-Cap Ltd (NASDAQ: CHEK) is flying in premarket trading this morning and investors ought to take note of the heavy action in the stock before they begin their trading day.

Check-Cap Extends Rally on Continuous Optimism

The stock has soared by at least 42% in premarket trading today and it is a continuation of the trend seen last week when the Check-Cap stock went up by as much as 40%. The rally in the stock came about last week after it emerged that the company received a letter from NASDAQ that granted Check-Cap an extension of 180 days to regain compliance.

The stock had failed to maintain the requirement for the minimum bid price. On the other hand, investors should also note that recently the company submitted an application for Investigational Device Exemption with regards to the study related to C-Scan. It is a screening test developed by Check-Cap that helps in detecting polyps. Investors could do well to keep an eye on this stock this morning.

Check-Cap Extends Rally on Continuous Optimism

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.