Small Cap Finds Mid-Week Success On Dual Announcement

By: Dylan Sikes – AllPennyStocks.com News

Wednesday, January 22, 2025

A Washington State-based biotech found quite a bit of success on Wednesday after Needham & Co. initiated coverage with a Buy rating and a $9 price target. This news came just as the company announced that it will participate in the Guggenheim Securities SMID Cap Biotech Conference.

Traders were quick to buy up shares of Absci Corporation (Nasdaq:ABSI), pushing the small cap up to close up at $4.03/share (+25.16%). This rally was a strong continuation of yesterday’s success, and could be a catalyst for this stock in the near future.

Absci Corp is the Artificial intelligence powered synthetic biology company unlocking the potential of proteins as the next generation of therapeutics. It enables the creation of novel biologics by unifying biologic drug discovery and cell line development into one simultaneous process.

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Nasdaq traded, Actelis Networks Inc might be ready to move higher after Wednesday's trading session. The technical chart is currently displaying a Golden Cross (50 DMA / 200 DMA) which should be monitored for its impressive predictive capabilities.

Canadian Securities Exchange listed, Loyalist Expl Ltd Com was a standout in Wednesday's trade. The stock popped 100.00%, closing out the day at $0.01.

Wednesday's hottest penny Stock on the OTC Markets was UAV, which gained 140.44%, closing the day at $0.16.

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Small Cap Finds Mid-Week Success On Dual Announcement

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