Relief Therapeutics Holding AG (OTCMKTS:RLFTF) Stock Soars 21% in a Week: Now What?

There are many stocks which have managed to record strong gains over the course of the past week and one of the more notable gainers during that period is Relief Therapeutics Holding AG (OTCMKTS:RLFTF).

The stock has been in the middle of a steady upward move in the past week and managed to clock gains of as much as 21.50%. As a matter of fact, the company made a major announcement yesterday and that has brought it back in focus among investors. Relief announced that on July 27. 2021 it is going to issue as many as 1000000000 more registered shares in the company from the authorised share capital.

The decision to go for this move had been approved at the Annual General Meeting of the company that had been held back on June 27, 2021. In this regard, it is also necessary to note that the newly issued shares have also been subscribed fully at par value by the company’s fully owned subsidiary company Relief Therapeutics International SA. It is likely that the Relief stock is going to come into sharp focus over the coming days leading up to July 27. Investors could do well to keep an eye on the price action.

Market Reaction:

On Thursday, RLFTF stock gained 3.90% at $0.24 with more than 9.77 million shares, compared to its average volume of 4.49 million shares. The stock has moved within a range of $0.2204 – 0.2479 after opening the trade at $0.2204. Over the past 52-week, the stock has been trading within a range of $0.1820 – 0.7600.