Algernon Pharmaceuticals stock is currently available to purchase as an over-the-counter (OTC) stock on the OTCQB. But many popular brokerages don't offer access to OTC stocks.
Algernon Pharmaceuticals has recently filed with the US Securities and Exchange Commission (SEC) to list its stock on the Nasdaq Capital Market. This will make it possible to buy the stock from any major stockbroker.
Algernon Pharmaceuticals filed a draft registration with the SEC to trade on the Nasdaq under the ticker symbol AGNP. If approved, this will make the stock more accessible to new investors.
As of on February 16, the stock cost $5.10 on the OTCQB, but that doesn't necessarily mean the price will be the same once it's available on a more popular exchange. There's no news yet about how much the stock will cost when it goes live on the Nasdaq. No date has been set for when the stock will be available on the Nasdaq.
Once Algernon Pharmaceuticals is available on Nasdaq Capital Market, you can buy shares using an account with any major brokerage. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy Algernon Pharmaceuticals stock.
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