Astrotech's stock rockets 6-fold on heavy volume, as company develops breath test for lung infections [MarketWatch]
Astrotech Corporation (ASTC)
US:NASDAQ Investor Relations:
astrotechcorp.com/#!for-investors/c22sj
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Source: MarketWatch
Astrotech's stock rockets 6-fold on heavy volume, as company develops breath test for lung infections Shares of Astrotech Corp. ASTC, +472.35% were rocketed about 6-fold (up 496%) on very heavy volume in morning trading Wednesday, after the company said it was developing a breath test that could screen for lung infections, incoluding the COVID-19 virus. Trading volume was 23.3 million shares, compared with the full-day average of about 21,600 shares over the past 30 days. The stock had closed at a record low of $1.09 on Friday. The company's BreathTest-1000 is now under development; in June 2017, the company had announced "positive" results from preclinical trials of its BreathDetect-1000 bedside breathalyzer that detects bacterial infections in the respiratory tract, including pneumonia. Subject to regulatory approvals, the company plans to combine the detection of COVID-19 withthe detection of pneumonia into the BreathTest-1000. The stock has now rallied 76% over the past 12 mont
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Sec Filings
- 12/19/24 - Form 8-K
- 12/16/24 - Form 8-K
- 12/13/24 - Form 8-K
- ASTC's page on the SEC website