Bio-Matrix Scientific Group Inc. (BMSN) Stock Falls Friday as Traders Pocket Profits
Shares of Bio-Matrix Scientific Group Inc. (PINK: BMSN), a biotechnology company engaged in the development of regenerative medicine therapies and tools to treat lung, heart, circulatory system and other internal organs, fell sharply in Friday’s trading session.
The penny stock of BMSN ended the day 18.27% lower at $0.0085, with volume up from daily average of 8.30 million to 43.95 million. Despite the sharp decline on Friday, BMSN gained more than 226% in the last three trading sessions.
Bio-Matrix Scientific shares rose sharply last week after the company announced that its subsidiary, Regen BioPharma executed an option agreement to license stem cell intellectual property.
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Posted by Andrea Anderson
on Monday, June 11th, 2012. Filed under Internet, Technology.
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