Shares of Axiologix Inc. (PINK: AXLX), an international technology and services organization focused on delivering cloud-based products and services to small and medium sized businesses primarily in the U.S., are soaring in trading today.
At last check, AXLX shares were trading 56.25% higher at $0.0025 on above average volume of 140.94 million.
AXLX shares are rallying in trading today after the company announced that it settled more than $800,000 in debt and trade payables in exchange for issuance of common stock to institutional investor Ironridge Global Technology. The company said that the transaction has significantly strengthened its balance sheet, which will give its existing customers more confidence. It will also support the company’s acquisition process and enable the positive cash flows currently generated in the business to be focused on growth rather than servicing debt.
Shares of Bio-Matrix Scientific Group Inc. (PINK: BMSN), a biotechnology company engaged in the development of regenerative medicine therapies and tools to treat lung, heart, circulatory system and other internal organs, are rallying in trading today.
At last check, BMSN shares were trading 11.58% higher at $0.0106 on volume of 50.77 million. Despite the sharp rise in trading today, BMSN shares have fallen nearly 2% in the last three trading sessions.
BMSN shares are gaining after the company announced that its Regen BioPhama executed LOI to acquire issued U.S. patent covering cancer gene-silencing technology for use in treating breast cancer.
Shares of MMAX Media Inc. (OTC: MMAX), a developer and marketer of products that provide merchants and consumers with mobile marketing services, are seeing a huge rally in trading today.
At last check, MMAX shares were trading 533.33% higher at $0.0380 on above average volume of 3.08 million. The stock hit an intra-day high of $0.23 earlier today. MMAX shares have gained more than 616% in the last three trading sessions.
MMAX shares are surging despite there being no recent news or development related to the company. The gains therefore could be due to some stock promotion activity.