A Chicago-based micro cap just secured a major investment from Ault Global Holdings Inc. Shares of Cosmos Holdings Inc. (OTCQX:COSM) rallied on the $5-million investment announcement.
Cosmos Holdings Inc. is engaged in the research, development, and commercialization of pharmaceutical products and medicines across the European Union member states. It offers over-the-counter drugs and branded and generic medicines. The company’s focus will be on Branded Pharmaceuticals, Over-the-Counter medicines, and Generic Pharmaceuticals. It provides its products to wholesale drug distributors, and wholesalers and retail healthcare providers.
Traders were optimistic on the news as shares rallied up to $4.48/share (+6.41%) at the session high. This move could be an indication of things to come if the near-term support within the trading range can be broken.