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Shares of low-float stock Mangoceuticals Inc (NASDAQ:MGRX) are trading higher by 161.86% to $2.45 Friday afternoon on abnormally high volume despite a lack of company-specific news to justify the price action.
The company announced on Thursday that it's featured on Webull Corporate Communications services platform.
What Happened Thursday?
Mangoceuticals says the MangoRx portal on the Webull platform will help provide the company with a direct line of communication with its shareholders.
"We're very excited to be participating in Webull's Corporate Communication services platform, a leading mobile-first brokerage platform with a unique community-driven experience," said MangoRx's co-founder and CEO, Jacob Cohen.
"The Webull platform will enable MangoRx to take advantage of a convenient and efficient digital communications channel to reach the platform's active investors while also allowing us to easily share content with them in real-time."
According to data from Benzinga Pro, MGRX has a 52-week high of $4.37 and a 52-week low of $0.86.
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