Heading into the 1PM EST hour, stocks are posting higher levels. The details continue to emerge on the latest deal for Deutsche Bank. Shares of Deutsche Bank jumped 14 percent Friday following reports that the bank may be near a $5.4 billion settlement with the U.S. Department of Justice. These details have not been fully verified at this point, however. Regardless of the information, the buzz has sent markets into the green and heading into the afternoon, bullish sentiment is ringing. Companies like Cannabis Science Inc (OTCMKTS:CBIS), Iddriven Inc (OTCMKTS:IDDR), Nexus Biopharma Inc (OTCMKTS:NEXS), and Surna Inc (OTCMKTS:SRNA) have realized a boost in trading activity; now catching the attention of investors.
Cannabis Science Inc (OTCMKTS:CBIS) announced this week that it will be launching new medicinal product lines for self-medicating patients via legal dispensaries and delivery within the State of California. Since September 20 the stock has been climbing and on Friday September 30 shares of CBIS hit highs of $0.0168. This marked an intra-day move of 15% and a multi-week move of 23%. Friday’s trading activity marked the highest volume day that the stock has seen since early August.
Iddriven Inc (OTCMKTS:IDDR) has been the topic of conversation especially as of late. The company focuses on cyber security and identity access management. Amid the breaches of the Democratic National Committee and, of course, Yahoo’s latest revelation of a 2014 mega breach, many small and micro cap stocks have gained attention. In a recent article on GuruFocus, IdDriven was highlighted for its management’s previous successes with the sale of BHOLD to Microsoft (MSFT). Since September 1st, the stock has increased from $0.05 to as high as $0.1849 today (9/30). This has marked a total move up of 363%. IDDR has made new weekly highs for the last three consecutive trading sessions.
Nexus Biopharma Inc (OTCMKTS:NEXS) has also been on a steep uptrend since the beginning of September. The stock opened at $0.30 on September 1st and has managed to hit highs of $0.74 on Friday. This triple digit move has been aided by several announcements on the company’s latest business outlook update as well as the appointment of Helen Stefanovic as Director of Regulatory Affairs. The company appears to specialize in the development of a weight loss drug therapy.
And finally, Surna Inc (OTCMKTS:SRNA) hit the scanners of market momentum hunters today. The stock hit highs of $0.0123 Friday as share volume dwarfed that of Thursday. The stock has been in a holding pattern for the better part of September but has seen a large increase over the past 2 days. Since Monday SRNA is up more than 26%. The company is a technology company that engineers state-of-the art equipment for controlled environment agriculture (CEA) with special expertise in cannabis cultivation.