Biotech Stock Surges To Close The Week After Major Announcement

By: Tomas Ronolski - AllPennyStocks.com News

Friday, May 23, 2025

A New Jersey-based biotech company stole the show to finish out the week after the company announced new data from its Phase 2 OVATION 2 study of IMNN-001. This news just came one day following the company’s request for withdrawal with the SEC for its Form S-1.

Traders rushed to buy up shares of Imunon Inc. (Nasdaq:IMNN), pushing the micro cap to close the session up at $1.16/share (+179.18%). This move was a strong comeback from this month’s drop off in share price.

Imunon Inc is developing new medicines that harness the building blocks of life to work in harmony with the body's immune system. It is a fully integrated, clinical stage biotechnology company focused on advancing a portfolio of innovative treatments that harness the body's natural mechanisms to generate safe, effective, and durable responses across a broad array of human diseases.

Copyright © 2025 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

An EdTech Company's $44.6 Million Pivot Into AI's Hottest Corner

Billion-Dollar PEA Ignites Rally in Junior Gold Stock

Major Miner Takes Stake in Junior Explorer, Sending Shares Up More Than 25%

Most Popular

{{ index + 1 }}

AllPennyStocks.com Favorites

This Permian Oil Producer Fixed Its Balance Sheet Before Chasing a 92-Well Growth Plan

Enable Free Access to Unlock Up to Two Articles Per Month.

With This Potential Trend Reversal, Timing Is Everything

Enable Free Access to Unlock Up to Two Articles Per Month.

Company Spotlight: The Royalty Model Built the Most Valuable Companies in Gold. One Junior Is Quietly Running the Same Playbook (TSX-V:JZR)

TSX-Venture traded, Avanti Helium Corp. might be ready to move higher after Monday's trading session. The technical chart is currently displaying a Bullish Moving Average Crossover (10 DMA / 50 DMA) which should be monitored for its impressive predictive capabilities.

Monday's technical standout looks to be AMC Entertainment Holdings Inc. Class A, which is displaying a Golden Cross (50 DMA / 200 DMA) with today’s move to $2.46.

Silver Hammer Mining Corp Com was an impressive gainer on the Canadian Securities Exchange on Monday. Shares climbed 33.33%, settling at $0.08.

American Fusion Inc Com was a standout on the OTC Markets on Monday. Shares rose 57.92%, closing at $0.13.

After a Healthy Correction, This Junior Miner Looks Ready to Climb Again

Enable Free Access to Unlock Up to Two Articles Per Month.

A Classic Bullish Reversal Pattern Has Our Attention on This Nasdaq Stock

Enable Free Access to Unlock Up to Two Articles Per Month.

Free Membership Has Its Perks!

By entering your email address, you agree to AllPennyStocks.com’s disclaimer and privacy policy.

Register via:

You understand that AllPennyStocks.com and its affiliates may use your address to send updates, ads and offers.

By clicking on the "Start Viewing AllPennyStocks.com Pro Articles" button below, you are confirming that you understand and accept that the content we are showing you is not meant to be used as financial advice. This content is merely for educational purposes and shows our readers real-time examples of trading strategies based on technical and fundamental analysis principles, along with stock market commentary.

Investing in stocks is risky stuff, trust us on that one, and past performance may not be indicative of future performance.

We want everyone to enjoy this information for its educational value, and we remind everyone that we are not liable for losses or damages of any kind from trading based on our information. The only thing we will recommend is to consult with a financial advisor prior to making any trades.

With that said, if we're on the same page here and you agree to our disclaimer, click the button below and enjoy all of our AllPennyStocks.com Pro content.

© Copyright 2026 AllPennyStocks.com Media Inc. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes.
Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Data is provided by QuoteMedia.com.