wealth_bakery

LEXX -- Biotech play trading below just closed $5.25 financing

Long
NASDAQ:LEXX   Lexaria Bioscience Corp.
$13.2M mkt cap, 3.5M float. Freshly uplisted to NASDAQ. Closed $11M oversubscribed financing at $5.25 on January 14th and trading at discount at $4.40. Oversold on the daily (RSI @ 28). Accum/Dist is evening out after 3 days of selloff. Gap at 6.41. Cash + assets exceed current market cap.

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