Pharmagreen Biotech Inc (OTCMKTS:PHBI) Stock Soars 55% in a Week: Here is Why

Those who are currently on the lookout for biotech stocks which have recorded considerable gains could do well to consider tracking the Pharmagreen Biotech Inc (OTCMKTS:PHBI) stock.

Over the course of the past week, the stock has made a strong move and gone up by as much as 55%. As a matter of fact, the Pharmagreen stock was in the middle of a strong move yesterday as well and clocked gains of 14% as investors continue to pile on to it. That being said, there has been no news about the company this month at all and the last time any news emerged about it was back on August 23.

However, it was a significant announcement and could have had a bearing on the recent rally. The company announced that it inked a television commercial package by way of which as many as 1200 commercials of Pharmagreen Biotech are going to be aired. The commercials started airing on television from September 2021 and the contract is for a period of 12 months. The televised commercials are going to be made available on some of the most popular networks like ESPN, Fox News, MSNBC, CNBC, Newsmax TV and Fox Business Network.

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