There may not have been any news about Vivos Inc (OTCMKTS:RDGL) on Friday but that did not stop the company’s stock from emerging as one of the biggest movers on the day and clock gains of as much as 30%. In this situation, it may be a good move for investors to consider taking a look at an announcement from Vivos back on May 12.
Trading Data
On Friday, RDGL stock surged 33% to $0.0950 with 4.71 million shares, compared to its average volume of 503k shares. The stock moved within a range of $0.0660 – 0.1264 after opening trade at $0.0730.
Vivos Inc. Provides Intellectual Property Protection Update
The company announced at the time that it had been successful in expanding the level of its intellectual property coverage across many fronts. It goes without saying that it was a major announcement from the company.
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Vivos announced that the patent team at the company had submitted the key particle patent to more than ten patent offices. In turn, the submission to those many offices is going to give Vivos protection in as many as 63 nations across the globe. In addition to that, the company also announced that it had submitted a provisional patent in order to get higher protection on some of its upcoming developments with regard to particle components and hydrogel. It remains unclear if the latest rally was triggered by this development but it may be a good idea to keep the stock in your sights.
Key Quote
In closing, Dr. Korenko stated, “We are continually striving to enhance and grow our Intellectual property portfolio to build value for our stakeholders and to strengthen our position as an emerging leader in precision radionuclide therapy.”
Technical Data
RDGL stock is above the 50-Day and 200-Day Moving averages of $0.0719 and $0.685 respectively. Moreover, the stock is trading above the 20-Day moving average of $0.0831.
