Stock summary: Nuburu posted weekly rise of 22.55% as the company aims to expand its current defense business

Nuburu Inc stock closed at 0.29 USD, registering a strong gain of 0.05 USD (22.55%) over the past five days.

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Nuburu Inc stock closed at 0.29 USD, registering a strong gain of 0.05 USD (22.55%) over the past five days. This sharp rise was a result of a commitment letter released by the company aimed at expanding current defense business and establishing a new presence in the security sector. 

On February 21 at 7:59 PM GMT-5, the stock experienced notable volatility, reaching a high of 0.49 USD and a low of 0.27 USD during the session. It opened at 0.30 USD. However, in after-hours trading, Nuburu saw a decline of 0.035 USD (12.08%), bringing its price down to 0.25 USD, suggesting some cautious sentiment among traders.

With a market capitalization of 56.30L, Nuburu remains a relatively small-cap company.

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Disclaimer: This article is for informational purposes only and does not constitute any financial advice.