As we all know penny stocks make a huge move, earlier this year we have seen a lot of big movers like Humbl Inc (OTC: HMBL), Asia Broadband (OTC: AABB), and many more. Well, this month we have a new name Regen BioPharma Inc (OTC: RGBP). The stock is up for the third consecutive day.
At the time of writing, RGBP stock is up another 165% on massive volume. After today’s gain, the stock has soared 430% in just 2 trading sessions. Moreover, the stock is trading at a 52-week high now, which makes the momentum further stronger. The company’s market capitalization has been soared to $41.70 million from about $8 million last week.
So what drove the stock so crazy? Well, On Friday, the stock attracted many penny stock lovers after the company disclosed a licensing deal for its pancreatic cancer treatment. So considering the news, the stock’s run-up looks genuine. However, one should not forget, penny stocks are very risky and carry huge risks. So, get ready for more volatility as no one can predict where can the stock go from here on. So, RGBP stock could suit only brave traders.
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.