Hemostemix Inc (OTCMKTS:HMTXF) Stock Extends Rally: Soars 27% In a Week

If you are on the lookout for stocks which may have made significant gains in recent days then you could take a look at the Hemostemix Inc (OTCMKTS:HMTXF) stock. The stock continued to be in the middle of an upward move yesterday and ended up with gains of as much as 12%.

Market Stats

On Monday, HMTXF stock soared 12% to $0.1286 with more than 3.7K shares, compared to its average volume of 4.28K shares. The stock moved within a range of $0.1229 – 0.1286 after opening trading at $0.1229.     

Hemostemix Announces Closing of UNIT Private Placement

That took the gains made by the stock over the course of the past week to as much as 27%. In this context, it may be a good idea to take a look at the announcement made by the company yesterday with regards to the closure of its non-brokered private placement.

The private placement had actually been announced by the company on February 2, 2022 and after the closure the company had managed to raise a total of as much as $1204849.92. It goes without saying that the closure of the transaction was a major deal for the company and the rally in the stock yesterday was perhaps not surprising.

However, it now remains to be seen if the Hemostemix stock can manage to hold on to its momentum in the coming days and manage to add to its gains.

Traders Corner

HMTXF stock is trading above the 20-Day and 50-Day Moving averages of $0.1155 and $0.1180 respectively. However, the stock is trading below the 200-Day moving average of $0.1603.