Those who are interested in the energy sector stocks in the market might have noticed that the Gase Energy (OTCMKTS: GASE) stock was in the middle of a rolling rally yesterday after the company made an announcement with regards to its merger with Curadox Biopharma.
The company announced yesterday that it inked a letter of intent for the same and the news sent its shares soaring. As investors piled on to the stock in a big way, the Gase Energy stock soared by as much as 604% and in light of such enormous gains, it might be a good move for investors to keep track of this stock today.
In addition to that, the Gase Energy stock is also likely to be on the radars of many investors today due to the sort of gains it made yesterday. The potential merger with Curadox is a major one for the company considering the fact that it is a specialist in developing medicines that are meant for targeting drug resistance cancer cells.
It is a rebranding of Gase Energy’s business into a biotech company and marks the laying of the foundations of a new era altogether. It remains to be seen if the stock can maintain its momentum.
On Thursday, GASE stock soared 604% at $0.19 with more than 5.47 million shares, compared to its average volume of 78k shares. The stock has moved within a range of $0.0312 – 0.3900 after opening the trade at $0.0459. Over the past 52-week, the stock has been trading within a range of $0.0030 – 0.3900.