PainReform (PRFX) Stock Jumps Sharply This Month: Should You Invest Now?

The stock was fluctuating almost on the same level of $2.8594 from June June 22 till July 19. However, it sharply increases to $3.4301 on July 20 which is the highest one during the last month. On the next day, the stock started to slowly fell and reached $3.0250 for today. The total volume of the company consists of 8,314,705 shares.

PainReform’s cash balance was $19 million in the report which was announced in March, also the company did not have any debts well. The company is considered an early-stage company because it did not bring any revenue for now.

As it can be analyzed, the company increased the cash burn by more than 521% in the previous year. The market capitalization of the company is $25 million, but the company burnt through $4.2 which is 17% of the market value in the previous year. We can conclude that it will not a big issue for the company to attract the money invested for the growth of the company.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.

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