On Monday, there was no news about Northwest Biotherapeutics Inc (OTCMKTS:NWBO) but that did not stop investors from piling on to the stock in a big way and sending it soaring by as much as 12%.
Trading Data
On Monday, NWBO stock soared 12.37% at $0.9102 with more than 6.28 million shares, compared to its average volume of 1.85 million shares. The stock has moved within a range of $0.8200 – 1.0300 after opening trade at $0.8350.
Latest News
While it is true that the rally in the stock may appear a bit random or even speculative in nature, it might be a good move to take a look at a development from last week. Back on November 22, 2021, it had emerged that the company had gone into a long financing deal with the firm Streeterville Capital LLC. As per the terms of the deal, Northwest Biotherapeutics was going to receive a sum of $15,000,000.
The loan is going to mature in 22 months, however, at the same time, it should be noted that Northwest Biotherapeutics would not have to make any repayments in the first 8 months of the loan tenure. After the first eight months, the loan is going to be amortised so that the company pays out a total of 14 monthly instalments of equal amounts. The company is going to pay back the principal at 100% of the pro-rated amount.
Technical Data
NWBO stock is below the 20-Day and 50-Day Moving averages of $0.99 and $1.14 respectively. Moreover, the stock is below the 200-Day moving average of $1.35. The stock is down 30% in the past 3-month.
