Bion Environmental Technologies Inc (OTCMKTS:BNET) Stock Jumps 9% In a Week: But Why?

All those who are currently looking into stocks which may have recorded significant gains in the past week could consider taking a look at the Bion Environmental Technologies Inc (OTCMKTS:BNET) stock. The stock has managed to emerge as a major mover in the past week and has delivered gains of as much as 9% during the period.

Market Stats

On Tuesday, BNET stock fell 0.41% to $1.22 with more than 1.4k shares, compared to its average volume of 7.9k shares. The stock has moved within a range of $1.2199 – 1.2200 after opening trading at $1.22.

Bion Files 8-K Detailing Corporate Changes

The company, which is involved in the development of advanced livestock waste treatment technology, was actually in the news yesterday after it made a major announcement. Bion Environmental Technologies announced yesterday that it filed an 8-K with the United States Securities and Exchange Commission.

In the form, the company provided details of some of the key recent events. Some of which included the exercise of warrants, approval for the amendment of restated bylaws and articles of incorporation from the board and other actions. It goes without saying that it was a significant development for the company since it makes Bion Environmental Technologies far more transparent for investors.

However, it remains to be seen if the announcement from the company leads to further interest in its stock over the course of the coming days. It may be a good move to keep an eye on Bion Environmental Technologies.

Traders Corner

BNET stock is trading below the 20-Day and 200-Day Moving averages of $1.25 and $1.50 respectively. Moreover, the stock is trading below the 50-Day moving average of $1.35. The stock is down 9% in the past month.