GNFT Stock Alert: 15 Things to Know About Biotech Penny Stock Genfit as Shares Go Gangbusters

Genfit (NASDAQ:GNFT) stock is rocketing higher on Friday after the company signed an exclusive licensing agreement with Ipsen (OTCMKTS:IPSEY).

Packs of blue and pink pills are piled on top of each other representing GNFT stock.

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Let’s dive into that recent news below and learn a bit more about Genfit while we’re at it!

  • This is an investigational cholangiocarcinoma treatment from Genoscience Pharma.
  • The rights include the U.S., Canada, and Europe.
  • Genfit is a late-stage biopharmaceutical company with a focus on developing treatments for severe chronic liver diseases.
  • The company was founded in 1999 and operates out of its headquarters in Nord, France.
  • GNFT stock is experiencing heavy trading on today’s news.
  • That has some 19 million shares on the move as of this writing.
  • To put that in perspective, the company’s daily average trading volume is closer to only about 7,000 shares.

GNFT stock is up 46.8% as of Friday morning and is only down about 2% since the start of the year.

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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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