U.S. Micro Cap Space on Columbus Day; Safer Shot, Inc. (OTCMKTS:SAFSD), Progressive Care Inc (OTCMKTS:RXMD), Biodel Inc (NASDAQ:BIOD)

The U.S. stock-index did not expect to see much trading on Columbus Day because investors seem to be on a hiatus after the previous week’s impressive gains. A bounce in most Asian markets raised European equities in early trade, however, this hope died away as indexes came out lower following the opening bell. Most banks, federal institutions and U.S. bond markets are closed because of the Columbus Day holiday so volumes were expected to be thin. Let’s see how well the micro cap space has been performing on this holiday.

Safer Shot, Inc. (OTCMKTS:SAFSD) is a company that has manufactures a line of non-lethal weapons which in the end seek to lower the potential for both deaths and injuries. The company had a strong trading volume of 1,110,707,511 at 9:55 a.m. on Columbus Day. It’s previous close on Friday was at $0.0001. On Monday, just within the first half-hour of trading, SAFSD saw a 300% rise to a high of $0.0003. Over the last 90 days, Safer Shot, Inc. (OTCMKTS:SAFSD) has seen lows of $0.0001 and a 144900% difference to highs of $0.145.

Biodel Inc (NASDAQ:BIOD) announced on Columbus Day at 7:00 a.m. that the FDA got rid of the clinical hold for Biodel’s Phase 2b Study 3-250. This was a group study in patients with type 2 diabetes treated with insulin. The two drugs studied were the use of BIOD-531 to Humalog® Mix 75/25. By 10:15 a.m., Biodel Inc (NASDAQ:BIOD) was trading with a volume of 1,335,491. As a result, BIOD opened at $0.499, up 19.87% from its previous close on Friday of $0.4163. Over the last three months, BIOD has seen a low of $0.39 and a 188.5% difference to a high of $1.1252.

Progressive Care Inc (OTCMKTS:RXMD) works out of South Florida and provides pharmaceuticals that specialize in health practice risk management. Over the last ninety days, RXMD has seen lows of $0.0048 and has seen a 200% difference with highs of $0.0144. This does not come off as a surprise considering that Progressive Care Inc (OTCMKTS:RXMD) has reported record breaking sales for three months. In May, 13,800 prescriptions were filled out. In July, they filled 16,000 prescriptions and generated around $1 million in revenues. In August, the company filled over 16,500 prescriptions and generated approximately $1.17 million in revenues.

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