Most seasoned investors start their trading day by having a look at the biggest gainers in the premarket trading period and this morning, it might be difficult to overlook the gains made by SenesTech Inc (NASDAQ: SNES).
The SenesTech stock has soared by a remarkable 90% in premarket trading today as investors flocked to the stock. The rally in the stock is related to an announcement made by the company yesterday. SenesTech announced yesterday that its product ContraPest displayed favorable results after having been deployed in poultry settings.
The company revealed that the product had managed to bring about a reduction in rat population and also improved operational efficiency. It is a significant development for the company and clearly bodes well for the product’s commercial success. Rats have historically been a menace to poultry farms and if the product can actually bring about meaningful results, then it can be a big boost for SenesTech. It now remains to be seen if the stock can add to its gains through the rest of the trading day.