MIAMI, FL / ACCESSWIRE / June 2, 2016 / Daily Stock Reporter is issuing a report on four stocks to watch. Moleculin Biotech, Inc. (MBRX), LifeClips Inc. (LCLP), MGT Capital Investments (MGT) and Predictive Technology Group (PRED) have been added to our watch list today. Continue reading to find out why. - To get daily alerts on top stocks on the OTC, Nasdaq and NYSE subscribe to our newsletter at DailyStockReporter.com.
Moleculin Biotech, Inc. (NASDAQ:MBRX) completed its initial public offering today of 1,540,026 common shares for gross proceeds of $9,240,156. The IPO was priced at $6.00 per share, the upper end of the previously-filed $5.00 to $6.00 pricing range. At of the commencement of trading, shares of MBRX managed to hit early highs of $9.4899 during the morning session and had more than 329,000 shares traded before the lunch hour. Moleculin had initially hoped to raise up to $12 million, according to an earlier S-1 filing. The Company plans to use the net proceeds of the offering to commence a further Phase II clinical trial for Annamycin, an anthracycline for the treatment of relapsed or refractory acute myeloid leukemia, more commonly referred to as AML. You Can View MBRX's News Here.
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LifeClips Inc. (LCLP) announced this morning that the company is taking the necessary steps in order to uplist to the OTCQB Venture marketplace. In a statement, CEO Bob Gruder said, "Up-listing to the OTCQB® Venture Market Place is part of the evolutionary plan for Life Clips. I feel making this application to uplift to OTCQBs will allow Life Clips to possibly become more visible not only to the investment community but to the retail community as well. I am excited about the release of our camera this month and the Batteryfly Energy ltd. (Mobeego®) acquisition."
Over the last month, shares of LCLP have increased from $0.25 to highs of $0.76. Recent trading activity suggests that anticipation continues to build surrounding the potential acquisition of Batteryfly and the launch of the company's SoloVu action camera sales program in Big Box retailers. Get More Information on LCLP Now!
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MGT Capital Investments (NYSE MKT: MGT) has been in the news ever since it was proposed that cyber security godfather John McAffe come on as CEO. In its most recent announcement the company stated that it has entered into a definitive asset purchase agreement to acquire certain technology and assets from Demonsaw LLC , a provider of a secure and anonymous file sharing software platform. Major terms of the deal include the payment to Demonsaw LLC members of 20.0 million restricted shares of MGT common stock.
Since making the announcement, the stock has traded sideways and over the last several weeks, shares of MGT have traded as high as $5.58. You can view the full MGT press release HERE.
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Predictive Technology Group (PRED) through its wholly owned subsidiaries, revolutionizes the treatment of severe and debilitating diseases through the commercialization of novel therapeutics leveraged by proprietary gene-based companion diagnostics. On Thursday the company announced that LifeCode Genetics, a wholly-owned subsidiary of Predictive Technology Group, Inc., is changing its name to Predictive Diagnostics.
Following the announcement, shares of PRED have managed to increase to highs of $1.55 during morning trading. PRED hasn't seen price levels this high since May 23 and hasn't seen trading volume like this since May 19. Get more information on PRED now, Click Here.
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