What's Going On With PainReform (PRFX) Stock?

PainReform, Ltd. PRFX shares are volatile on Friday and trading of PRFX has been halted multiple times. The company announced the pricing of a $2.7 million concurrent registered direct offering and private placement on Wednesday.

What To Know:

PRFX shares are moving higher Friday after the stock fell earlier in the week following the announcement of direct offering and private placement. PainReform shares are trading on very heavy volume with more than 22 million shares traded, far exceeding the stock's 100-day average of 280.17 thousand shares.

Retail investors have shown interest in PRFX on social media, and the stock is currently the top trending ticker on StockTwits.

PainRelief stock has a small float and a recent history of volatility. According to data from Benzinga Pro, the float is 729.388 thousand shares and PRFX spiked to a high of $26.40 on Monday.  

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PRFX Price Action: According to Benzinga Pro, PainRelief shares are trading 127.7% higher at $13.09 at the time of publication.

Image: MLbay from Pixabay