Aphex BioCleanse Systems Inc (OTCMKTS:SNST) Stock Rockets 39% In a Week: Here is Why

The company Aphex BioCleanse Systems Inc (OTCMKTS:SNST) has been under considerable focus among investors over the course of the past week and during the period, the company’s stock has managed to clock gains of as much as 39%.

Market Action

On Tuesday, SNST stock ended flat at $0.4755 with 2K shares, compared to its average volume of 16k shares. The stock has moved within a range of $0.4755 – 0.4755 after opening trade at $0.4755.

Aphex BioCleanse Systems Engages Milestone Management Services

As a matter of fact, the company was in the news yesterday after it announced that it had engaged the services of Milestone Management Services for the purposes of becoming a part of the Corporate Communications and Investors Awareness team at Aphex. It was a significant announcement from the company and it could lead to further attention for the stock over the course of the coming days.

In this regard it should be noted that the company is currently working on finalising its auditing process so that it can file its S1 Registration with the United States Securities and Exchange Commission.

The submission is going to be made by the company during the course of the coming weeks. Once the submission is made, the company is going to get the status of being fully audited. At this point in time, it may be a good move for investors to add the stock to their watch lists and keep an eye on the price movements.

Key Quote

“I’m very impressed with the proprietary, patented, and patent-pending technology Aphex BioCleanse Systems developed and owns. The value of their non-toxic, chemical-free, sustainable, and proven green product lines, which are much safer for people and the environment are a game changer. The company is currently in the process of rebranding to better reflect their position as a biotech company. The rebrand will also include a proposed name and ticker symbol change. Aphex has just started to scratch the surface in their revenue upside regarding E-commerce sales with platforms like Amazon, consumer, and business to business while simultaneously exploring licensing opportunities,” said Jon Olson, CEO with Milestone Management Services.

Traders Note

SNST stock is trading below the 20-Day and 50-Day Moving averages of $0.52 and $0.63. Moreover, the stock is trading is the neutral zone with RSI stands at 45. The stock is down 15% over the past month.

Related Posts

About The Author