Penny Stocks To Buy [or ignore] #5: Clearside Biomedical Inc.
First, on this list of penny stocks, Clearside Biomedical Inc. (CLSD – Free Report) was one of the names we’ve continued to watch. Ever since early September, this has been one of the top penny stocks to watch. At the time we first discussed the company, Clearside stock traded around $0.65. Since then we’ve seen this biotech stock rally as high as $3.95 in December. Recently, shares have begun to recover after pulling back earlier this month. On Friday (1-17) CLSD stock closed at $2.84.
Last week the company presented at the J.P. Morgan Healthcare Conference. In our article, “10 Penny Stocks To Watch This Week Presenting Key Data,” we discussed how speculation may play a part last week. Specifically, how in late-Dember, the company announced plans to resubmit its drug delivery technology in Q2, 2020.
There hasn’t been any follow up to the conference yet but it will be interesting to see what information was actually discussed. In addition, it’s also important to note that the most recent SEC filing shows that the company is looking to raise some $6.8 million at $2.15 per share. Will this play a role during the weeks to come?
