Institute of Biomedical Research Corp. (OTCMKTS:MRES) stock continued to edge higher on Thursday as the stock witnessed a huge rise in price along with massive volume. Moreover, the stock reached its new high in the previous trading session.
MRES stock closed higher by a whopping 54.40% to close at $0.0400. Total volume for the session stood at 5.03 million shares, compared to its average volume of 2.77 million shares. The stock had started the session with a minor jump and picked up momentum in afternoon trading as the stock went to a new high. The stock has been gaining momentum over the past few trading sessions and up 150% in the past week. Moreover, the stock made a new high of $0.0400.
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.
The company had a market capitalization of $2.65 million (based on the closing price on July 8, 2021).
Institute of Biomedical Research Corp. provides biomedical research and analytical services in Montenegro and internationally. Its services include regulatory control of industrial activities and products; scientific surveillance of the living environment; research and development of biomedical products and technologies.
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