Stock Mover of The Day: Biostar Pharmaceuticals Inc Stock Is Rising Now

Stock Mover of The Day: Biostar Pharmaceuticals Inc Stock Is Rising Now

The stock of Biostar Pharmaceuticals Inc (NASDAQ:BSPM) is a huge mover today! About 790,542 shares traded hands. Biostar Pharmaceuticals Inc (NASDAQ:BSPM) has risen 97.71% since April 11, 2016 and is uptrending. It has outperformed by 91.57% the S&P500.
The move comes after 9 months positive chart setup for the $10.35M company. It was reported on Nov, 11 by Barchart.com. We have $9.83 PT which if reached, will make NASDAQ:BSPM worth $19.67M more.

According to Zacks Investment Research, “BioStar Pharmaceuticals, Inc., through its wholly-owned subsidiary, Shaanxi Aoxing Pharmaceutical Co., Ltd., develops, manufactures and markets pharmaceutical and medical nutrient products for a variety of diseases and conditions. The Company’s most popular product is its Xin Ao Xing Oleanolic Acid Capsule, an over-the-counter medicine for chronic hepatitis B, a disease affecting approximately 10% of the Chinese population. In addition to its hepatitis product, Biostar manufactures two broad-based over-the-counter products, two prescription-based pharmaceuticals and ten nutrients. The Company has adopted international standards and is in the process of applying for three patents. It also operates an herbal medicine planting base which provides it with many of its needed materials at a significantly lower cost than purchasing from third parties, and eliminates most needs for transportation.”

More recent Biostar Pharmaceuticals Inc (NASDAQ:BSPM) news were published by: Prnewswire.com which released: “Biostar Pharmaceuticals Completes Previously Announced Registered Direct Financing” on October 18, 2016. Also Prnewswire.com published the news titled: “Biostar Pharmaceuticals, Inc. Announces Its Quarterly Results for Three Months …” on August 22, 2016. Benzinga.com‘s news article titled: “Crazy Stock Move Of The Day: Biostar Pharmaceuticals” with publication date: June 08, 2016 was also an interesting one.

BSPM Company Profile

Biostar Pharmaceuticals, Inc. (Biostar), incorporated on March 27, 2007, is a holding company. The Company, through its subsidiary, Shaanxi Biostar Biotech, Ltd. (Shaanxi Biostar), and its variable interest entities (VIEs), Shaanxi Aoxing Pharmaceutical Co., Ltd. (Aoxing Pharmaceutical) and Shaanxi Weinan Huaren Pharmaceuticals Ltd. (Shaanxi Weinan), develops, makes and markets pharmaceutical products for various diseases and conditions in the People’s Republic of China (PRC or China). The Firm offers over-the-counter (OTC) products and prescription pharmaceuticals. The Company’s products are derived from medicinal herbs that are either grown at its own facility or purchased from its suppliers. The Company’s products are sold in approximately 30 provinces in the PRC through a network of over 60 distributors and through approximately 230 sales people.

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