Sometimes stocks may trade within a range but that does not mean that it might not breakout later and hence, it may be a good idea to look into the MYND Life Sciences Inc (OTCMKTS:MYNDF) stock today.
Trading Data
On Thursday, MYNDF stock ended flat at $0.1147 with more than 2 shares, compared to volume of 149 shares. The stock moved within a range of $0.1147 – 0.1147 after opening trade at $0.1229.
Although the stock was trading within a range on Thursday the company did announce that it was planning to go for a private placement offering of its shares. The placement is going to be of a non-brokered nature. The company is looking to offer common shares so that it gets to raise anything between $3,000,000 and $3,500,000, in the form of gross proceeds from the transaction.
It was a major new announcement from the company but it did not lead to any kind of action in the stock and hence, it is going to be interesting to see if the stock comes into focus today as investors return to the stock market for the last day of the week.
The shares that are going to be offered in this transaction are going to be subject to a statutory hold to the tune of as long as four months. It may be a good time for investors to keep an eye on MYND Life Sciences.
