Biodexa Pharmaceuticals Stock Is Soaring After The Close: What's Driving Shares Higher?
Portfolio Pulse from Adam Eckert
Biodexa Pharmaceuticals (NASDAQ:BDRX) shares surged after-hours following an extension granted by the Nasdaq Hearings Panel to meet the $1 minimum bid price requirement. The company has until Oct. 31 to comply, with shares trading at $9. A recent ADR ratio change acted as a 1-for-20 reverse stock split.
October 15, 2024 | 9:02 pm
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POSITIVE IMPACT
Biodexa Pharmaceuticals received an extension from Nasdaq to meet the $1 minimum bid price requirement, boosting investor confidence and driving shares up 27.74% in after-hours trading.
The extension from Nasdaq alleviates immediate delisting concerns, positively impacting investor sentiment. The stock's significant after-hours gain reflects this improved outlook. The ADR ratio change also supports compliance efforts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100