On Wednesday, the Bionovate Technologies Corp (OTCMKTS:BIIO) stock was trading within a range and it was perhaps not surprising considering the fact that there has been no news about the company at all for many months.
However, it should be noted that stocks which trade within a range can also breakout strongly sometimes and hence, it might be a good move for investors to take a closer look at Bionovate. The last time any news emerged about the company was back in May this year and it was a significant piece of news.
At the time, the company was listed on the OTC Markets and on May 3, 2021, Bionovate Technologies announced that it had formally sent in an application for the listing of its common shares on NASDAQ Stock Exchange.
The possibility of listing on NASDAQ is a big thing for any company considering the fact it is the world’s second biggest stock exchange by combined market capitalisation of the companies listed there. Some of the world’s biggest tech companies are listed on the exchange and hence, it was a significant piece of development. At this point, investors could do well to keep an eye on the developments with regards to its application.
