HTG Molecular Diagnostics Inc (NASDAQ: HTGM)
Today’s updates are below!
HTG Molecular Diagnostics is having a wonderful start to the day in the pre-market hours. In fact, the gains are so big that it was the first alert our partners at Trade Ideas sent this morning. Currently (8:07), HTGM is trading at $2.14 per share after a gain of $1.43 per share (66.82%) thus far today.
Why HTGM Is Gaining
As is always the case, as soon as we received the alert that HTG Molecular Diagnostics was making a run for the top, the CNA Finance team started working to see what was causing the movement. It didn’t take long to dig up the story. The gains are ultimately the result of the company’s announcement that it has obtained CE marking in the EU for its HTG EdgeSeq ALKPlus Assay EU. This is an in vitro diagnostic assay that’s designed to measure and analyze mRNA ALK gene rearrangements in formalin-fixed, paraffin-embedded lung tumor specimens. In a statement, TJ Johnson, President and CEO at HTGM, had the following to offer:
“We are pleased to add the HTG EdgeSeq AlkPlus Assay EU to our diagnostic assay menu in Europe… Lung cancer is a significant global health problem and an important focus area for HTG. We plan to offer this assay to selected European early adopters as we seek additional regulatory approvals elsewhere.”
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be watching HTGM incredibly closely. In particular, we’re interested in following the company as it turns this approval into a profit. We’ll continue to follow the story and bring you any updates to the news as they break!
Update: 12:44: HTGM continues to have an incredible day in the market, however, it looks like this run may have reached its peak after nearly doubling in value. At the moment, the stock is trading at $4.23 per share after a gain of $2.09 per share (97.44%) thus far today.
Update 3/24/2017 8:00: HTGM clearly didn’t have enough of the growth after nearly doubling in value yesterday. The stock closed the day off at $3.93 per share after a gain of $1.79 per share, or 83.64%. However, in the pre-market hours, it’s becoming clear that the gains are far from over. At the moment, the stock is trading at $6.19 per share in the pre-market after a gain of $2.26 per share, or 57.51%! We’ll continue to follow the stock closely and bring you the updates as they break!
Update 3/24/2017 10:10: HTGM continued to climb through the morning and was recently halted on volatility. The halt happened at 10:10 with the stock trading at $10.06 per share after a gain of $6.13 per share, or 155.98%. We will continue to follow the story and bring you the updates as they break!
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