Micro Cap Already Off To The Races At The Bell

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, July 24, 2024

A New York-based biotech company is already off to the races so far during Wednesday’s session after the company announced that it signed an agreement with LTS Therapy Systems to develop and manufacture the HT-ALZ oral film prototype for Alzheimer’s disease.

Shares of Hoth Therapeutics Inc. (Nasdaq:HOTH) opened the day up at $1.27/share (+30.66%) at the bell, adding to yesterday’s strong performance and crossing over major SMAs. It should be an exciting session for this micro cap!

Hoth Therapeutics Inc is a development-stage biopharmaceutical company. It is focused on targeted therapeutics for patients suffering from conditions such as atopic dermatitis, also known as eczema, chronic wounds, psoriasis, asthma, and acne. The company owns the BioLexa Platform which combines an FDA-approved zinc chelator with one or more approved antibiotics in a topical dosage form to address unchecked eczema flare-ups.

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Trading on the Nasdaq, Kingsoft Cloud Holdings Limited displayed a Golden Cross (50 DMA / 200 DMA) on Monday. Closing at $4.80, the stock has the technical “green light” for potential gains.

Trading on the Toronto Stock Exchange, Bengal Energy Ltd. rallied 100.00%, closing at $0.01 on Monday.

Monday's hottest penny Stock on the Nasdaq was CERo Therapeutics Holdings Inc., which gained 180.00%, closing the day at $0.20.

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Micro Cap Already Off To The Races At The Bell

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