SciSparc Ltd. SPRC shares are trading higher Wednesday. The company issued a press release highlighting recent results for MitoCareX Bio Ltd. with its drug discovery platform.
The Details:
SciSparc had previously announced that MitoCareX Bio achieved its second milestone with the development of its laboratory capabilities by establishing a variety of small-molecule screening platforms.
SciSparc is investing an additional $600,000 into MitoCareX fulfilling the condition of an additional investment into the joint venture within 30 days of the date the second milestone being achieved.
Following this investment, SciSparc will hold 50.1% of the issued and outstanding share capital of MitoCare X Bio.
SciSparc shares are moving on heavy trading volume Wednesday. According to data from Benzinga Pro, more than 4 million shares have already been traded in the session, surpassing the stock's 100-day average of less than 2 million shares.
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SPRC Price Action: According to Benzinga Pro, SciSparc shares are up by 22% at $6.02 at the time of publication.
Image: Pete Linforth from Pixabay
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