Entity Split Sent These Shares Flying

By: Dylan Sikes – AllPennyStocks.com News

Wednesday, February 23, 2022

A micro cap saw some significant price action during Wednesday’s session after the company announced that it plans to separate into two distinct, publicly traded companies. This move is producing a strong reaction from traders as shares of the parent company, Vystar Corp (OTCQB:VYST) rallied strongly on the news.

Vystar Corp is engaged in the rubber and plastic products market. It develops technology to produce Vytex Natural Rubber Latex which reduces antigenic protein and non-rubbers in natural rubber latex to undetectable levels. The company's products and services include Natural Rubber Latex, and clinical sleep diagnostics and durable medical equipment. The company derives revenue from sales of or license fees of Vytex NRL raw material to manufacturers and distributors of rubber and rubber end products.

As previously mentioned, traders were bullish on the news as shares of Vystar reached up to $0.01285/share (+83.57%) at the session high. This move is a breath of fresh air for long term shareholders that have been riding the multi-month downtrend.

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