Mind Medicine (MindMed) Inc (OTCMKTS:MMEDF) (MMED.NE) stock is the biggest penny stock gainer on Friday on heavy volume as the psychedelic medicine biotech company said that the company’s stock will start trading on the NASDAQ Tuesday, April 27, 2021.
This is good news as the company’s stock will be more liquid and easy to trade for many investors. So today’s big rally is very much warranted.
The company said that “Trading is expected to begin on Tuesday, April 27, 2021, under the symbol “MNMD” on the Nasdaq. MindMed will retain its listing on the Neo Exchange Inc. under the symbol “MMED” and the Company’s subordinate voting shares will continue to trade on the OTCQB under the symbol “MMEDF” until trading on the Nasdaq commences.”
MMEDF has been one of the most popular stocks since last September as the stock had soared 1600% from September to December. However, after hitting a new high of $5.07 in December, the stock has pulled back almost 60% to $2 earlier this week.
MMEDF stock is up as much as 39% to $2.95 after hitting a high of $3.15 earlier in the session.
So, today’s rally is a big relief for its investors. We could see the momentum going up in the coming week with increased volume.
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A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.