After the biggest one-day rally at least in the past year, Mind Medicine (MindMed) Inc (OTCMKTS:MMEDF) (MMED.NE) stock has entered the breakout zone.
MMEDF soared over 65% on Friday and closed almost at a session high. More importantly, the big rally was driven by a huge volume of 14.74 million shares – the highest single volume since December 16th.
Considering the stock closed at its highest level since early March, we may see some further momentum as the stock is in the breakout zone.
Friday’s optimism was driven by the fact that the company’s stock will be available to trade on the NASDAQ from tomorrow under the new symbol ” MNMD”.
So once the stock starts trading on the Nasdaq, we will see a significant increase in volume and thus a lot of attention from new investors.
So, keep on MMEDF as the stock may witness high volatility and a lot of new interest this week.
Finance and Entertainment Reporter
Richard 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.