Read more from the company website here.
And as I mentioned previously, NMTC has 5 must-see potential driver indicators right now:
No. 1 NMTC Potential Driver Indicator - Low Float Volatility Could Grab Hold
According to the Yahoo Finance website, NMTC has a low float.
The website reports this profile to have approximately 12.27Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
With so few shares available for trading, other potential catalysts (like big news) could spark a vertical move in the short-term.
No. 2 NMTC Potential Driver Indicator - Accelerated Milestone Payment Accomplishes Multiple Objectives (Huge News)
NeuroOne® Announces $3.5Mn Accelerated Milestone Payment from Zimmer Biomet for Evo® sEEG Electrode
Amendment provides Zimmer Biomet with 350k warrants with exercise price of $3.00 per share
EDEN PRAIRIE, Minn., Aug. 3, 2022 /PRNewswire/ -- NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) ("NeuroOne" or the "Company"), a medical technology company focused on improving surgical care options and outcomes for patients suffering from neurological disorders, today announced that the Company entered into an amendment to its Exclusive Development and Distribution Agreement with Zimmer Biomet, Inc. ("Zimmer") that will provide the Company with a $3.5Mn accelerated payment within 10 business days which relates to certain milestone payments. In addition, Zimmer Biomet will receive a Warrant to purchase 350k shares of the Company's common st-ock, with an exercise price of $3.00 per share.
Read the full article here.
No. 3 NMTC Potential Driver Indicator - Triggered Technicals Could Signal A Near Term Vertical Chart Move
I'm telling you right now... Don't discount NMTC's technical indicator.
Right now, NMTC has several bullish technical indicators across the short, medium, and long term.
Barchart is reporting these technical indicators as triggered (at close Friday):
Short Term Indicators
- 20 Day Moving Average
- 20 - 50 Day MACD Oscillator
- 20 - 100 Day MACD Oscillator
Medium Term Indicators
Long Term Indicators
- 100 Day Moving Average
- 150 Day Moving Average
- 200 Day Moving Average
On top of that, Barchart is signaling that its composite "TrendSpotter" indicator is triggered too.
Could this be a signal that things are starting to heat up?
No. 4 NMTC Potential Driver Indicator - Another Game-Changing Milestone With First Evo sEEG Electrode Clinical Case
NeuroOne® Announces First Clinical Case Using Evo® sEEG Electrode
Case performed at Emory University for intraoperative brain mapping
EDEN PRAIRIE, Minn., July 12, 2022 /PRNewswire/ -- NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) ("NeuroOne" or the "Company"), a medical technology company focused on improving surgical care options and outcomes for patients suffering from neurological disorders, today announced the first clinical case using the Evo sEEG electrode was performed by Dr. Robert Gross at Emory University. Dr. Gross selected the Evo sEEG electrode for intraoperative brain mapping at the subsurface level of the brain.
Dave Rosa, Chief Executive Officer of NeuroOne, states, "This first clinical case use represents a major milestone achievement of one of our primary objectives for the Company. We are grateful to Dr. Gross and his staff and were excited to hear of the positive experience he had using the electrode. We look forward to continuing to gain clinical experience with the electrode as we prepare to submit a special 510(k) to FDA in August for clearance to commercialize the product for less than 30 days use."
Read the full article here.
No. 5 NMTC Potential Driver Indicator - A Chart History Of Explosive Short Term Runs
Over the past year, NMTC has displayed the ability to make strong intraday/short term moves on multiple occasions.
Just take a look at its chart yourself: