Following are the micro-cap losers for Wednesday morning. All prices are as of 10:52.
Larimar Therapeutics, Inc. (NASDAQ:LRMR) is trading lower by 39.3% to $8.2 in the morning session. Total volume was 1.15 million shares, almost 10 times its average volume of 117K shares. The stock has moved within a range of $7.00 – $8.50 after opening at $7.9. The stock has lost 61.14% more than doubled so far this year.
Scopus BioPharma Inc (NASDAQ:SCPS) is one of the biggest losers in the micro-cap category, as the stock is down by 14.08% to trade at $8.24. Today, the stock is witnessing volume almost equivalent to average volume, with more than 765K shares exchanged hands, compared to its average volume of 773.7K. The stock opened at $9.21 and moved within a range of $8.00 – $9.23. The stock has reduced about 6.44% over the quarter and is down 44.81% in the year.
Lipocine Inc (NASDAQ:LPCN) is another loser in the category. The stock is down 13.86% at $1.18. More than 2.85 million shares have been traded hands, compared to its average volume of 2.4 million. Over the past 52-week, the stock has gained 19.41%. However, it has lost 13.16% in 2021 this far. Today, the court announced a judgment against LPCN. “District of Delaware has granted Clarus Therapeutics motion for Summary Judgment, finding the asserted claims of Lipocine’s U.S. patents 9,034,858; 9,205,057; 9,480,690; and 9,757,390 invalid for failure to satisfy the written description requirement of 35 U.S.C. § 112. Clarus still has remaining claims before the Court” stated the company in its press release.
Baosheng Media Group Holdings Limited (NASDAQ:BAOS) decreased by 7.62% to $2.79 on the volume of 47.3K shares, compared to its average volume of 129.9K shares. In today’s morning trading session, the stock made a high and low of $2.48 and $3.0 respectively. The stock has reduced 68.85% in 2021. BAOS has been in the red for most of the trading sessions in May. It is trading close to its 52-week low of $2.48. Is a new low looming large on the horizon for Baosheng Media.
BrainsWay Ltd (NASDAQ:BWAY) continues to slide down by 5.60% to $10.45 after opening at $10.67. BWAY has been trading positive for 9 consecutive sessions. As of 11:02, the stock has moved within a wide range of $9.95 – $10.59. It is trading close to its 52-week high of $11.19 and can the stock set a new high remains to be seen during the week. The stock has surged about 26.21% in one month. Moreover, the stock has moved up almost 38.59% so far this year.