Premarket Is Hot For This Micro Cap

Premarket Is Hot For This Micro Cap

By: Tomas Ronolski - News

Tuesday, August 9, 2022

A micro cap in the healthcare space is turning heads Tuesday morning after it was announced that Fnu Oudom reported a stake of 44% in a 13D filing with the Securities and Exchange Commission (SEC). This sent shares of BIMI International Medical Inc. (Nasdaq:BIMI) soaring during Tuesday’s premarket. 

BIMI International Medical Inc is a healthcare products and provider, offering a broad range of healthcare products and related services and operates two private hospitals in China. The company's segment includes Retail pharmacy; Medical device wholesale; Drugs wholesale; Medical services and others. It generates maximum revenue from the Drugs wholesale segment.

Traders appear to be bullish on the news as shares are currently bid up at $0.78/share (+27.20% implied open for sellers) at the time of writing. Tuesday should be an exciting session to watch for this stock!

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