SINTX Technologies (SINT) Soars on Heavy Volume After Solid Data

The coronavirus pandemic has inspired many healthcare companies to work towards tackling the problem and thrown up interesting investment opportunities.

SINTX Technologies (SINT) Soars on Heavy Volume After Solid Data

One of the latest ones to enter the fray is the relatively small healthcare company SINTX Technologies Inc (NASDAQ: SINT). The company, which is involved in the research and manufacturing of medical implants, believes that its research facilities can help in the fight against COVID 19 and that resulted in a rally in the stock. The SINTX stock soared by as high as 58.50% on Tuesday and has emerged as a possible coronavirus play.

The company makes the implants from silicon nitride and back in June last year, SINTX had announced that silicon nitride could help in inactivating viruses. In a new development, the company announced on Tuesday that a study into silicon nitride particles by the University of Rochester showed that it can actually inactivate COVID-19. It is a major boost for SINTX and the rally in the stock is understandable. Investors could consider keeping an eye on fresh developments.

Alex Krakowsky

Editor in Chief.Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life