Micro cap stocks may be known for being volatile but at the same time the same stocks can also generate considerable gains in a short period of time.
Trading Data
On Friday, RGBP stock soared 33.70% at $0.0295 with more than 213.72 million shares, compared to its average volume of 115.02 million shares. The stock has moved within a range of $0.0220 – 0.0297 after opening the trade at $0.0229.
Major Trigger
If you are currently on the hunt for micro cap stocks then it might be pretty hard to overlook the Regen BioPharma (OTCMKTS:RGBP) stock, which has clocked significant gains in recent days. Last Friday, the stock was in focus among investors as it continued on its upward run and ended the day with gains of as much as 34%. That rally took its gains for the past week to a handsome 84%.
At this point in time, the Regen BioPharma stock is one of the most popular micro cap stocks in the market and remains among the highest searcher for stocks online. In addition to that, it has also attracted the attention of some of the biggest players from among penny stock traders and that is a factor that investors ought to keep in mind.
The stock is currently being accumulated heavily by investors and perhaps the strong rally is not particularly surprising. It is now going to be interesting to see if the Regen stock can continue to move in the same way this week.
Technical Data
RGBP stock is trading above the 200-Day and 20-Day Moving averages of $0.0187 and $0.0220 respectively. However, the stock is trading below 50-Day moving average of $0.0303. The stock is up 19% in the past month.
