BGMS is trading at 6.4% up now at $1.17, extending a sharp multi-day surge from below $0.70 as speculative trading remains elevated around its capital structure.
Recent coverage highlights that BGMS saw a strong rally tied to interest in its preferred stock and a declared $0.15 quarterly cash dividend on its 6% Convertible Exchangeable Preferred Stock, followed by profit-taking and a pullback, with today’s move reflecting continued volatility around that theme.