Specifically, the cardiovascular disease management platform has attracted the attention of significant funds in more recent months. The initial drop came after the company announced worse-than-expected earnings results and suspended its 2022 sales guidance. However, according to the company, new data from its VASCEPA platform is said to have “significant potential” to reduce major cardiovascular events and related costs. Last week we discussed Amarin Corp as its shares continue attempts to bounce back from a recent sell-off. We look forward to assisting Quoin in their success and potential FDA approval as well as potentially bringing a treatment to patients suffering from Nethertons Syndrome.” Amarin Corp. Quoin licensed a formulation, Invisicare, from Skinvisible previously, and both companies have come into the spotlight today.ĬEO of Skinvisible, Terry Howlett, commented, “With the IND approved, the clinical trial will be underway shortly. The treatment is designed to treat Netherton Syndrome, which affects skin, hair, and the immune system. This week Quoin announced receipt of FDA acceptance of its Investigational New Drug Application (NDA) for its QRX003 candidate. What to Know About Buying Penny Stocks on June 6th QNRX Stock News Quoin specifically develops treatment candidates for Netherton Syndrome, Peeling Skin Syndrome, Palmoplantar Keratoderma, and Epidermolysis Bullosa, among others. However, its orphan disease pipeline has become a more recent focus. The biotech stock hasn’t been the most active. In this case, Quoin Pharmaceuticals, with a float of less than 10 million, is on the list of penny stocks to watch with lower floats. a lower float) and higher demand tend to offer a landscape where price spikes aren’t unlikely. That’s based on supply and demand dynamics, in general. Low float penny stocks are some of the most exciting to watch. Penny Stocks To Watch: Quoin Pharmaceuticals (NASDAQ: QNRX) Since the actual inclusion date is June 27th, it will be interesting to see how MULN stock trades leading up to the event. This is an excellent milestone for our Company, which will provide increased liquidity and investor awareness.” David Michery, CEO and chairman of Mullen Automotive, explained, “I believe that our inclusion in the Russell Indexes will bring Mullen Automotive great visibility within the institutional investment community. Mullen reported that the penny stock would be added to the Russell 20 Indexes at the end of the month. Why is MULN stock moving today? Once again, the company has released a big update. These results were robust enough to turn heads in light of current EV offerings from companies like Lucid and Tesla. Furthermore, management appeared confident that its battery could deliver over 600 miles of range at scale on a full charge. The data showed that Mullen’s battery exceeded expectations. In particular, Mullen announced results from a recent solid-state polymer battery test. That’s because of several contributing factors, including speculation from unusual options activity and milestone updates. However, the latest trends have become more bullish than bearish. The company’s stock has seen its share of volatility in the stock market. One of the recently popular penny stocks among retail traders is EV maker Mullen Automotive. Penny Stocks To Watch: Clovis Oncology (NASDAQ: CLVS) Let’s see what’s moving some of these cheap stocks today. Nevertheless, daily trends are critical for day traders and swing traders alike when it comes to penny stocks. However, in light of recent economic developments, that demand remains a bit more muted. Here’s a list of penny stocks to watch after releasing big news to start the week:Ĭonsidering all of the action in the stock market today, there seems to be pent-up demand for risk-on assets. Best Penny Stocks To Buy? Start With A Watch List As traders, it’s up to you to decide whether this news is something that has lasting potential or if it’s just a one-day move best suited for day traders. Today we look at several trending stocks to watch premarket that have released big updates. These could be anything from unusual trading activity to more formal catalysts like corporate filings or news. One of the first steps is looking for specific catalysts. While they don’t come without risk, there are plenty of ways to ensure you find the top names to watch. Penny stocks are great tools to make money in the stock market.
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