Bio-Matrix Scientific Group Inc. (OTCQB: BMSN), a biotechnology company engaged in the development of regenerative medicine therapies and tools to treat lung, heart, circulatory system and other internal organs, is soaring in mid-day trading today, extending its gains from the previous trading sessions.
At last check, BMSN was trading 39.13% higher at $0.0032 on volume of 92.84 million, which is more than two times the daily average volume of 188.57 million. The stock has gained more than 181% since last Thursday.
BMSN has broken through $0.0025 resistance level as a result of the rally in the last few days. The stock is about to move above its 200-day moving average. The rally could continue if the stock crosses its 200-day moving average.
World Moto Inc. (OTCQB: FARE), a manufacturer and supplier of taxi meters for the motorcycle taxi industry, is up sharply in mid-day trading today. At last check, FARE was trading 3.53% higher at $0.0879 on volume of 7.75 million, which is a little over a quarter of the daily average volume of 25.95 million.
FARE is rebounding after falling sharply last week. The stock had finished lower in four of the five trading sessions last week. FARE tumbled last week even as the company made some major announcements, including the beginning of discussions in Montes Claros, Brazil to mandate use of Moto-Meter.
The sharp decline last week was likely due to profit booking following a huge rally.
Find out where FARE could be headed in the upcoming trading sessions by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=FARE
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