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BioCube, Inc. (OTCMKTS:BICB) Stock More Than Doubled on Hefty Volume: What’s The Buzz?

BioCube, Inc. (OTCMKTS:BICB) was in the special limelight on Thursday as the stock witnessed a huge rise in price along with massive volume. The stock has been gaining momentum over the past few trading sessions.

BICB stock closed higher by a whopping 130% to $0.0300. What is more interesting is that the stock had witnessed its highest one-day volume at least in the past year. Total volume for the session stood at 24.83 million shares, compared to its average volume of 360k shares. The stock had started the session with a minor jump and picked up momentum in afternoon trading as the stock went up as much as 400% to hit a new 52-week high of $0.0627. The stock has been gaining momentum over the past few trading sessions and up 200% in the past month.

So what triggered such a big move? Well, there was no news and as we all know penny stocks often do need news to trigger a big move.

But, one should note that the company does not have any active official website, and one needs to be careful while trading momentum-driven penny stocks. The company had a market capitalization of $8.41 million (based on the closing price on July 8, 2021).

Published by Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.

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