Sonoma Pharmaceuticals (SNOA) Jumps More Than 80% On Expected 2 Million Shares

NASDAQ: SNOA 0.93% to $6.51 on Tuesday with shrinking demand for its daily 15,565 shares. Today Sonoma Pharmaceuticals soars more than 80% premarket on probably two million shares.

Investors are experiencing penny biotech stocks instantly soar more than 100% within a week due to speculative news regarding the development of new medicines and vaccines. Largely due to COVID-19 this trend has been occurring since February.

Jumping onto the SNOA bandwagon can’t be late because the pandemic is still spreading over the world by forcing many governments to spend billions on the healthcare system. Sonoma holds several high tech medical patents to develop sanitizing goods, therefore its partners may use them by delivering a significant rise in Sonoma’s revenue.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan 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 Finance) writing for technology and as well as finance has been one of the precious aspects of his life