Intelligent Bio Solutions Inc. (INBS) shares jumped 187.68%, trading at $11.80, up $7.70, after the company announced a new manufacturing partnership aimed at strengthening global production capabilities and improving margins.
The stock rallied sharply following news that Intelligent Bio Solutions has entered into a strategic agreement with a manufacturing partner to expand capacity, enhance operational efficiency, and support global supply chain execution for its biologics and vaccine products.
On the day of the announcement, INBS opened near $4.10, rallied to an intraday high above $12.00, and reached a low of $4.05, compared to its previous close of $4.10. The stock trades on the Nasdaq.
Trading volume was far exceeding the stock's average daily volume, reflecting strong investor response tied to the partnership news.
Intelligent Bio Solutions' 52-week range is approximately $1.50 - $13.10, highlighting significant volatility tied to company developments and strategic news flow.
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