Penny Stocks To Buy [or ignore] #2: Opgen Inc.
Another penny stock that has begun to turn things around after a huge drop in 2019 was Opgen Inc. (OPGN – Free Report). The company’s stock hit all-time lows of $0.92 in November. But, since then, shares have slowly started to claw their way back. After hitting highs of $2.13 on Friday, OPGN stock finished the week at $1.91; up over 100% from its all-time low.
Keep in mind that this could be a very high-risk penny stock. I say this because taking into account previous reverse splits, shares would have traded above $500 per share. Considering that its just under $2 right now, it would seem that dilution risk is alive and well with this stock.
If you can get beyond that fact, on the other hand, shares are climbing right now and might garner a bit more attention this month. In a January 15 filing, we can quickly see that the company has requested a special shareholder meeting. Its purpose is to approve a deal between OpGen and Dutch company, Curetis N.V. There has been several amendments to the initial notice over the last few months.
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However, should the deal receive approval, it could see OpGen add valuable assets to its portfolio. The Curetis Group develops, manufactures and commercializes innovative solutions for molecular microbiology. These include platforms for comprehensive and rapid diagnosis of severe infectious diseases in hospitalized patients. In addition, Curetis has a comprehensive database of the genetics of antimicrobial resistance.
