Aquinox Pharma was just $1.76 a share on Thursday. So you can afford some no matter who you are, except it’s hard to buy because trading in Aquinox stock keeps getting halted. Why? Because the little known pharmaceutical company keeps rising so high so fast that it’s hitting the auto-stop threshold that requires shares halt. On Friday Aquinox was up over 400% on the day. When trading stopped for the fifth time Monday the stock was up more than 4000% since Thursday.
Why the gold rush? Because Aquinox (AQXP) announced positive results from its “Phase 2 LEADERSHIP trial with AQX-1125 in patients with bladder pain syndrome/interstitial cystitis.” Aquinox trades on the NASDAQ.