Advertisement
As of 10:18 AM EST today, several small-cap stocks recorded sharp price movements in the early trading session. Leading the list of gainers was Signing Day Sports, Inc. which surged 62.89% to settle at 4.17 USD, with a market capitalization of 3.23 million USD.
Cyclerion Therapeutics, Inc. climbed 57.43% to 4.00 USD, holding a market cap of 10.84 million USD. Similarly, PLBY Group, Inc. jumped 40.34%, trading at 2.33 USD, with a market valuation of 209.56 million USD. The stock surged after the company announced it has converted 25% of its outstanding Series B Convertible Preferred Stock into common stock to streamline its balance sheet and reduce leverage.
NLS Pharmaceutics Ltd. rose 36.36% to 2.70 USD, bringing its market cap to 6.68 million USD. The stock surged after Kadimastem’s shareholders have approved the company’s merger with NLS. Meanwhile, Nauticus Robotics, Inc. advanced 30.81%, reaching 2.04 USD, with a market capitalization of 13.08 million USD.
Lastly in the consumer services sector, Reborn Coffee, Inc. also saw a strong gain of 30.05%, trading at 2.64 USD, bringing its market cap to a total of 9.7 million USD.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.