There has been a distinct lack of news about Premier Biomedical Inc (OTCMKTS:BIEI) in recent months but that has not deterred investors from piling on to the company’s stock in a big way over the course of the past week.
During that period, the Premier Biomedical stock has managed to clock gains of as much as 150%. It goes without saying that the rally in the stock is perhaps a bit of a mystery for most investors and many might in fact feel that it may even be speculative in nature.
However, it could be a good move to take a look at a key development from back in May last year with regards to Premier Biomedical. At the time, it was announced that the company had reached an agreement with Technology Health Inc by way of which it was going to start working on a novel coronavirus treatment product.
At the time, it came as a major move from the company considering the sort of crisis that the world had been engulfed into following the onset of the coronavirus pandemic. It now remains to be seen if the latest rally is related in any way to that particular project.
