NovaBay Pharmaceuticals: A Potential Bargain With Catalysts Pending
By VFC: A solid day of trading for NovaBay Pharmaceuticals (NBY) on Tuesday placed the share price back at the $1.20 mark, barely two weeks after the stock was hitting intra-day lows of 90 cents. A modest mid-week runup that began last week fueled the move to the $120 mark, a significant move in terms of percentages. Volume of more than double the daily average drove the most recent leg of the runup, an encouraging sign that investors may still be taking notice of the fact that the potential of NovaBay's technology may not be accurately portrayed by the current share price and market cap. Given the market penetration that could be achieved should NovaBay's Aganocide compounds continue to prove effective in late stage trials, NBY shares could quickly appreciate if volume and investor interest continues to grow. Already the $1.20 mark has provided a nice trade for those who took theComplete Story »
- Original article
- Login or register to post comments

