This past Friday the BioRestorative Therapies Inc (OTCMKTS:BRTX) stock was in considerable focus among investors and ended the day with gains of as much as 27%. While it is true that there has not been any news with regards to the company in recent weeks, it might still be important for investors to take a look at some recent developments in order to get a better idea about BioRestorative.
The company, which is involved in the development of cell based therapies, had announced last month that it had submitted its Annual Report in a Form 10-K for the financial year that ended on December 31, 2020.
It was a major development for the company since the submission made the company current as per the rules of the United States Securities and Exchange Commission. After the filing was submitted, the ‘stop sign’ on the company’s stock, that used to be visible on the OTC Markets website, was also removed.
Becoming current can come as a major boost for any stock since there is no imminent danger of being delisted from the markets. However, at the same time, investors could continue to keep an eye on any news regarding the company in the coming days.
Market Reaction:
On Friday, BRTX stock jumped by 27% to $0.0080 with more than 61.90 million shares, compared to its average volume of 30.66 million shares. The stock has moved within a range of $0.0061 – 0.0086 after opening the trade at $0.0063. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0464.
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