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.

Source: Shutterstock

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.

Investors searching for more stock market news today will want to stick around!

InvestorPlace houses all the most recent stock coverage traders need to know about today. That includes everything investors need to know about Alibaba (NYSE:BABA), Novavax (NASDAQ:NVAX), and Futu Holdings (NASDAQ:FUTU) shares today. You can get all that info from the following links!

More Friday Stock Market News

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 Publishing Guidelines.

With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that’s writers disclose this fact and warn readers of the risks. 

Read More:Penny Stocks — How to Profit Without Getting Scammed

Article printed from InvestorPlace Media,

©2022 InvestorPlace Media, LLC