Autonomix Medical Inc. (NASDAQ:AMIX) shares climbed 54.36% to $4.24 after the bell on Tuesday.
The rally in the late trading session follows an intraday decline of 1.43%, with the stock closing at $2.75, according to Benzinga Pro data.
Volume Surges Past 24 Times Average
The stock of the Texas-based medical device company experienced an exceptionally elevated trading session on Tuesday. Volume reached 10.60 million shares, more than 24.14 times the stock’s average daily volume of 439,140 shares. Short interest stands at 3.1%.
On Tuesday, Autonomix Medical, through a Securities and Exchange Commission filing, announced registering 857,462 shares for resale upon exercise of Series D common stock purchase warrants with an exercise price of $5.75 per share. The registration covers a maximum aggregate offering price of $3.72 million.
