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As of 12:38 PM EST, several small cap stocks continued their strong upward momentum during the midday trading session. Leading the list of gainers was Conduit Pharmaceuticals Inc. as it rose by 103.87% to $3.16, bringing its market capitalization to $3.29 million.
Doximity, Inc. also posted strong gains, climbing 37.47% to $80.09, with a market cap of $14.95 billion. Doximity in its quarterly earnings report earned beyond investor expectations leading to the stock’s surge. Similarly, Lightbridge Corporation advanced 31.55% to $11.79, reaching a market valuation of $185.84 million.
Farmer Brothers Company surged 30.56% to $2.35, with a market cap of $50.18 million. The stock surged after its quarterly earnings trespassed investor’s estimates. In the consumer services sector, Yoshiharu Global Co. gained 29.33% to $6.35, bringing its valuation to $9.16 million.
Lastly, Centrus Energy Corp. climbed 26.73% to $103.68, with a market capitalization of $1.7 billion. The company from the non-energy minerals sector announced a revenue growth of 46.3% for the quarter ending in December 2024.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.