Coronavirus Penny Stocks To Watch #3: Tonix Pharma
Tonix Pharma (TNXP Stock Report) is another one of the coronavirus stocks we’ve monitored this year. Similar to BLPH, Tonix stock has also had its share of ups and downs along the way. It hasn’t been the best long-term trade but as a result of its volatility, TNXP stock has managed to jump big in short time-frames.
Finishing out the week, Tonix is once again on the list of penny stocks to watch after a recent filing caught some attention. An 8K shows that the company will present information related to its TNX-1800. If you remember, this is a treatment that the company has used to target the coronavirus. Tonix presents to the World Health Organization on March 20th (today).
This could be an interesting and higher-risk scenario. First, if the presentation is received well, it could be a big win for the company. However, if the presented material fails to wow the WHO, it could act as a big hit to Tonix’s pipeline. Either way, it’s something to keep in mind if TNXP is on your list of penny stocks to watch.