ContraVir Pharmaceuticals Inc (NASDAQ: CTRV) is having an incredibly strong start to the trading session this morning. However, if you’re looking for press releases or SEC filings, you’re not going to find anything. The company hasn’t issued anything this morning.
Nonetheless, there’s a good reason for the gains. The company will be taking part in a presentation tomorrow that could act as a positive catalyst. Today, we’ll talk about:
- The coming presentation;
- what we’re seeing from CTRV stock as a result; and
- what we’ll be watching for ahead.
CTRV Stock Gains Ahead Of Presentation
As mentioned above, ContraVir Pharmaceuticals is having a great day in the market today, but with no news out, many are wondering just what’s happening. The gains are ultimately the result of a coming presentation.
CTRV announced on April 29, 2019 that its management will be presenting an update at the 2019 ThinkEquity Conference. The presentation will take place tomorrow, May 2, 2019 at 1:30 p.m. ET in New York.
The company aslo said that the presentation will be broadcast live and archived on its website at www.ContraVir.com under the Events & Presentations tab in the Investors Section.
This is great news for CTRV. First and foremost, the business update will likely act as a catalyst, leading to growth in the stock. However, the reason that the news is positive goes far beyond that.
The truth of the matter is that these conferences open doors. The company will be meeting with investors and analysts, have the opportunity to mingle with potential partners and more. As a result, the company’s appearance at the conference could lead to large investments, analyst coverage, or even partnerships.
What We’re Seeing From The Stock
One of the first lessons that we learn when we start to work in the market is that the news leads to moves. When it comes to ContraVir Pharmaceuticals, the news proved to be overwhelmingly positive.
After all, the company’s presentation tomorrow is likely to act as a catalyst. This, combined with the doors that will likely open as a result of the company taking part in the conference seems to be leading to excitement among investors who are pushing the stock up.
As is just about always the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (9:54), CTRV is trading at $0.16 per share after a gain of $0.03 per share or 23.64% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on CTRV. In particular, we’re interested in following the story surrounding the company’s continued work to bring value to investors. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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