Why Mainz Biomed (MYNZ) Stock Is Getting Hammered


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Mainz Biomed NV (NASDAQ:MYNZ) shares are trading lower by 46% to $1.21 during Monday's session has entered a securities purchase agreement with institutional investors to raise $5 million through a registered direct offering.

The agreement involves the sale of ordinary shares (or pre-funded warrants) and warrants, with an effective purchase price of $1.20 per share.

The offering, managed by Titan Partners Group, a division of American Capital Partners, is set to close around November 15, contingent upon meeting customary closing conditions.

See Also: What's Going On With Plug Power Stock?

According to data from Benzinga Pro, MYNZ has a 52-week high of $9.61 and a 52-week low of $1.16.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsPenny Stockswhy it's moving