Matinas BioPharma (MTNB) Stock: Here’s What’s Happening
Matinas BioPharma Holdings Inc (NYSEAMERICAN: MTNB) is having an incredibly strong day in the share market today. However, you didn’t find any news or press releases about it. Nonetheless, that doesn’t necessarily mean that this run has no reason behind it. In this article, we are going to tell you that Why MTNB is running for the top? Market Shares of Matinas BioPharma Holdings, Inc. (NYSE: MTNB) have generated a 1-year price change of -8.11%. However, in the capital markets arena a year is considered as a very long time, so let’s take a look at some more recent price performance of MTNB in stock market. This stock has seen its price move by 37.48% in the past week, and it has experienced a price shift of 39.73% over the past month.
Here’s What’s Happening With MTNB
As discussed above, Matinas BioPharma Holdings is having a great day in the stock market, but there seems to be no reason for the run. A search of press releases and SEC filings and leaves investors empty-handed. 21 days ago the last press release was issued by MTNB’s side when the company announced the issuance of a patent protecting its next-generation Omega 3. Since then, the company has been quiet and no other information is being provided.
The truth of the matter is that these gains aren’t caused by news. They are caused by technical signals.
Recent investor interest in the stock has started to push the need upward. Over time, this upward movement started to hit trader’s dashboards with technical signals screaming buy this stock. One of the most important of these signals happened today.
Early this morning, MTNB crossed over the upper Bollinger band. Which is generally a sign of a shift in the trend and that the trend will be bullish ahead.
This was likely the buy signal that led to the gains we’ve seen so far today. However, it’s also a signal that the profits will continue. I’m looking for a breakout above the $1.06 mark. If this happens, we could see quite a bit of upward movement ahead!
Currently (11:36), MTNB is trading at $1.03 per share after a gain of $0.14 per share or 15.74% thus far today.
The current ratio and the debt ratio are two important metrics In the investing world that demonstrate to potential buyers of a stock. It shows that how fast the company is able to pay down the debt that it owes and just how soon it can fully take care of all its present dues. At the present moment, the current ratio of MTNB is at 6.30.