Enzolytics Inc (ENZC) Stock Continues to Move ina Range: What Next?

The Enzolytics Inc (OTCMKTS:ENZC) stock has been in the news one way or another for quite some time and that has had an effect on its stock as well. Yesterday, the company made another announcement and this one was with regards to the discovery of immutable sites in the HTLV-1 virus.

Now that the company has made the discovery, Enzolytics is going to work towards the development of monoclonal antibodies that are going to target those sites.

It is a significant development for the company and opens up a new avenue of opportunity. However, the reaction in the markets was not as enthusiastic as one might have expected and the stock in fact slumped by 3% after the announcement from Enzolytics. It is not going to be interesting to watch if the stock can make a recovery over the course of the coming days. The Enzolytics stock is likely to be on the radars of investors following yesterday’s announcement.