There has not been any news regarding MyDx Inc (OTCMKTS:MYDX) since as far back as 2019 and hence, it must have come as a massive surprise to many when the stock moved in a big way this past Friday.
The trading volumes in the stock went up to massive levels and the MyDx stock ended up with gains of as much as 300%. In light of such gains, it is highly important for investors to take a look at the company and the nature of its business. MyDx is involved in providing chemical detection services as well as sensor technology and is based out of San Diego in California.
At this point in time, the company is best known for having developed the product Mr. Diagnostic. It is a patented product that provides people chemical analyses at an affordable price and more importantly, it fits easily in an individual’s palm.
The rally that was enjoyed by the stock on Friday may be entirely speculative in nature considering the fact that there has been no news about MyDx for years. However, at the same time, it is necessary for investors to keep an eye on the stock and see if it can add to its gains. On Friday, MYDX stock soared 300% at $0.0004 with more than 984.43 million shares, compared to its average volume of 101.45 million shares. The stock has moved within a range of $0.0001 – 0.0004 after opening the trade at $0.0002.
 Stock Suddenly Quadruples in a Day:But Why?){kind=link}