CORAL GABLES, FL / ACCESSWIRE / January 29, 2018 / Monday morning has seen two companies begin to trend higher than the Friday afternoon closing prices. Both Graphite Energy Corp. (OTC PINK: GRXXF) and Atossa Genetics Inc. (ATOS) are trading higher today as the bull market continues to head higher. The S&P is in its longest streak without a 3 percent pullback, near the longest run without even a 1 percent dip and has gone 99 days without as much as a 0.6 percent daily loss - by far a record.
Graphite Energy Corp. (OTC PINK: GRXXF) has announced that it will commence a drill program at its Lac Aux Bouleaux property in Canada. This was based on results from its exploration work that was recently completed. Based on the findings, the company saw that their samples show upward of 22.3% graphite carbon indications and an average of just over 10% in surface samples from the property. a total of 82 samples including seven field duplicates were collected from rock outcrops, mineralized areas and historical graphite pits.
For the month of January, shares of Graphite Energy has increased by as much as 37% as the graphite industry continues to see interest grow as a result of the boom in alternative energy sources to power things like cars and consumer electronics.
Shares of Atossa Genetics, Inc. (ATOS) have seen a jump in price over the last 2 trading days. Last week Maxim began to cover the company. Analysts rated the company a Buy with a price target of $2. During the first quarter of this year the company is looking to commence the Phase 2 Study of its topical Endoxifen to treat MBD at Stockholm South General Hospital in Sweden.
As a clinical-stage pharmaceutical company, Atossa is developing therapeutics and delivery methods to treat breast cancer and other breast conditions. In a recent shareholder update, the company's President and CEO, Dr. Steve C. Quay stated, "Over the past two years, we have transformed Atossa into a pure play pharmaceutical company focused on the development of novel therapeutics and delivery methods aimed at both treating breast cancer as well as preventing breast cancer. We now have a remarkable opportunity to transform the field of breast cancer and substantially reduce the incidence of this deadly disease."
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