top penny stocks to buy right now

Penny Stocks To Buy [or Sell] #5: Diffusion Pharmaceuticals

Finally, Diffusion Pharmaceuticals (DFFN – Download Report) has enjoyed a solid 3 day move so far. On February 28, DFFN stock had started to make a move that has continued into this week. On March 3, the penny stock hit highs of $0.52 during the morning session. This marked a 3-day move of 57% during that short period. So what happened to justify that jump?

That’s the interesting part. The company hasn’t released news since early-February. At the time, Diffusion had been granted a patent related to trans sodium crocetinate compositions. These are used along with radiation and chemo in patients. While the company focuses on cancer, the immune-therapy segment of biotech has received attention recently.

This comes as new concerns build about the spread of COVID-19 across the globe. Whether this is speculation or something else, DFFN stock has enjoyed a solid move so far in March. Something else to note is that filings from mid-February also show interest from the hedge fund community. Both Steven Boyd’s Armistice Capital and Bruce Winson’s Anson Funds show positions in the company.

penny stocks to buy Diffusion Pharamceuticals (DFFN)

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