{"id":2488,"date":"2013-09-10T15:14:59","date_gmt":"2013-09-10T15:14:59","guid":{"rendered":"\/?p=2488"},"modified":"2013-09-10T15:15:39","modified_gmt":"2013-09-10T15:15:39","slug":"nanoviricides-inc-otcmktsnnvc-receives-boost-from-attempt-at-european-drug-markets","status":"publish","type":"post","link":"\/articles\/nanoviricides-inc-otcmktsnnvc-receives-boost-from-attempt-at-european-drug-markets\/","title":{"rendered":"NanoViricides, Inc. (OTCMKTS:NNVC) Receives Boost from Attempt at European Drug Markets"},"content":{"rendered":"<p> The love continues pouring in for NanoViricides, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=NNVC\">NNVC<\/a>) and although Friday was more tame compared to previous days of extremely high volumes, the ticker managed to stand at $1.45 after adding more than 9$ on volumes of $2.4 million. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/NNVC0909.png\" border=\"0\" alt=\"NNVC0909.png\" title=\"NNVC0909.png\" width=\"400\" height=\"178\" \/> <\/p>\n<p>The boost in the past couple of days happened after <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=NNVC\">NNVC<\/a> announced it had started a procedure with the European drug authorities to accept its dengue fever treatment and review it for orphan drug status. This would translate into a smoother review procedure as well as tax benefits for treating a rare disease that does not promise mass sales and high revenues.<img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/NVLX0909.png\" border=\"0\" alt=\"NVLX0909.png\" title=\"NVLX0909.png\" width=\"350\" height=\"156\" \/><\/p>\n<p>So far, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=NNVC\">NNVC<\/a> holds:<\/p>\n<ul>\n<li>$15.4 million cash <\/li>\n<\/ul>\n<ul>\n<li>$17.8 million total assets <\/li>\n<\/ul>\n<ul>\n<li>$7.7 million total liabilities <\/li>\n<\/ul>\n<ul>\n<li>$3.6 million quarterly net loss <\/li>\n<\/ul>\n<ul>\n<li>$36 million loss for 96 months <\/li>\n<\/ul>\n<p>And the new week opened on an upward bidding note, with prices as high as $1.58. This is achieved even without a boost of promoters, who last called in on July 18th. But even if <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=NNVC\">NNVC<\/a> has longer-term potential, there are disparate opinions on message boards, though skepticism prevails and <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=NNVC\">NNVC<\/a> is seen as a day-trading opportunity, rather than a biopharmaceutical darling that could rely on stable volumes for longer.<\/p>\n<p>Nuvilex, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=NVLX\">NVLX<\/a>) shows what happens when a ticker loses steam after a run-up. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=NVLX\">NVLX<\/a> is trying to recover, suggesting that it may receive approval for one of its drugs, but so far based on how the process developed for another company.<img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/TTNP0909.png\" border=\"0\" alt=\"TTNP0909.png\" title=\"TTNP0909.png\" width=\"350\" height=\"156\" \/><\/p>\n<p>In that sector, bigger companies have fallen. The case of Titan Pharmaceuticals, Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TTNP\">TTNP<\/a>) is very indicative, showing how a lack of drug approval could lead to an extremely deep correction within a day, an a very slow recovery.<\/p>\n<p>With or without news, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=NNVC\">NNVC<\/a> is currently hanging at a rather precarious place, a high price for a biotech small cap. The climb in the past month is nearly 50%, which while not phenomenal puts the ticker at a risk for a deep correction to the customary levels below a dollar.<\/p>\n<p>So if you still are on the positive side about <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=NNVC\">NNVC<\/a>, it is best to explore the company on your own and not take up positions unless you can also afford a break in the very positive trend of the past days.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The love continues pouring in for NanoViricides, Inc. (OTCMKTS:NNVC) and although Friday was more tame compared to previous days of extremely high volumes, the ticker managed to stand at $1.45 after adding more than&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[695,606,11],"class_list":["post-2488","post","type-post","status-publish","format-standard","hentry","category-news","tag-nnvc","tag-nvlx","tag-ttnp"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=2488"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2488\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}