Ra Medical Systems is Gaining on Funding News

(24/7 MARKET NEWS) – Ra Medical Systems, Inc. (NYSE American: RMED) is gaining on funding news, trading at $7.74, up $2.29 (+42.02%), on volume of over 1 million premarket shares traded.

This morning’s move adds to yesterday’s gains, when it closed at $5.45, 53 cents higher (+10.77%), on volume of 4,095,652 shares. It also follows yesterday’s aftermarket announcement that it completed an at-the-market facility, raising gross proceeds of $7.6 million, by selling 1,072,246 shares of common stock at a weighted average price of $7.09 per share.

It’s trading above its recent resistance and, if it can eclipse the $11 range it has a shot of filling in the July gap to the $16 range. Its 52-week range of $4.85 to $174.50.

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