Sophiris Bio (SPHS:NASDAQ) soared 27.64% on 2.7 million traded in August’s Stock Challenge. The markets have been on fire in August and the average returns of our members are proof of that.
Sophiris’ shares went vertical Thursday, nine days after reporting its Q2 results.
Randall Woods, president and CEO of Sophiris Bio, commented that,
“2016 is proving to be a transformational year for Sophiris.” He went on to state,“In the past quarter, we completed a Phase 2a proof of concept trial of topsalysin in localized prostate cancer in which topsalysin demonstrated the ability to ablate tumor cells in 50 percent of patients, including two men who experienced complete ablation of their targeted tumor with no evidence of any tumor remaining at 6 months post treatment…”
Click here to read the entire quote and press release.
Two members ride Sophiris higher in August Stock Challenge
Sophiris’ market cap finished the day at approximately $128.5 million. It will have to continue to rally if members ‘Kubota‘ and ‘IraM‘ want a chance of winning August’s Stock Challenge. Both members selected Sophiris for August’s Stock Challenge.
Kubota topped all members Thursday, rising 16.20%.
TSX Venture stocks fought back losses from Wednesday to close up 1.1% to 837.58.
Members ‘wtanchak’ with his 84.01% combined average return and ‘silverandgold’s 80.68% return are leading the month.
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