February 24, 2024

Virax Biolabs and Cosmos Holdings Inc. (NASDAQ: COSM) trading higher on Distribution Agreement

(24/7 MARKET NEWS) – Virax Biolabs Group Limited (NASDAQ:VRAX) and Cosmos Holdings Inc. (NASDAQ:COSM) are both in the green after they announced a new exclusive distribution agreement.

We first covered Virax on Tuesday and it’s now trading at $3.51, 47 cents higher (+15.46%), on 2.08 million shares traded in the premarket. This one doesn’t have a buy-and-hold feel about it, as it’s well off its recent IPO high of $29.00, but, if it can break through Tuesdays $3.76 high, on strong volume, it could try to challenge its early September price levels.

Cosmos is at $0.30, up 7 cents (+32.57%), on 1.35 million premarket shares. It’s near the lows of its 52-week range of $0.2222 to $6.00 and has resistance at the 35 and 40 cent levels.

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