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Wajeeh Khan

This Penny Stock Gained 460% on Friday. Should You Chase the Rally Here?

VERO Venus Venus Concept

Venus Concept (VERO) shares gained nearly 460% on Jan. 16 after Madryn Asset Management disclosed a 91% ownership stake in the medical aesthetic technology company. 

The announcement arrives shortly after Madryn discussed potential cost reduction strategies with Venus’s leadership, including the possibility of delisting the firm and deregistering its stock. 

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