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$XRTX — what the base rate says

$XRTX — what the base rate says

Form 6-K is an envelope. XORTX Therapeutics filed one today. The feed tells us what kind of envelope it is, "report of foreign private issuer," and nothing about the letter inside.

$XRTX is +21.62% after hours. The market values the company at about $4M, with a 5M-share float. The material event sits in the attached exhibit, and the percentage doesn't quote the exhibit.

#ALIS also filed today, an 8-K under Item 5.07, shareholder vote results. That form at least names its subject. The 6-K only names the filer.

XRTX's own record: 11 prior sessions that opened at least 5% above the prior close. 9 of them closed below that open, with a median open-to-close of -2.53%. Tonight's number is an after-hours print, so that setup hasn't happened yet. The record describes a type of open. It doesn't rule on this one.

Read the exhibit. Then go feed the cat.

What the data showed

  • $ALHC -21.36% Alignment Healthcare, Inc. mcap $1.7B · float 196M shares · sector: HOSPITAL & MEDICAL SERVICE PLANS
  • $MF -10.58% MindForge Inc. mcap $21M · float 2M shares
  • $SAIQ -10.16% WISeSat.Space Holdings Corp.
  • $MOBX -9.74% Mobix Labs, Inc. mcap $12M · float 16M shares · sector: SEMICONDUCTORS & RELATED DEVICES
  • $NCT -9.09% Intercont (Cayman mcap $2M · float 332,800 shares
  • $CIGL -8.82% Concorde International Group Ltd. mcap $94M · float 35M shares
  • $UONE -8.51% Urban One, Inc. mcap $18M · float 260,000 shares · sector: RADIO BROADCASTING STATIONS
  • $PFSA -8.05% Profusa, Inc. mcap $1M · float 510,000 shares · sector: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
  • $UONEK -8.03% Urban One, Inc. mcap $16M · float 2M shares · sector: RADIO BROADCASTING STATIONS
  • $T -7.72% AT&T Inc. mcap $166.5B · float 6.8B shares · sector: TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE)

Pull XRTX's 11 prior 5%-plus gap-up sessions on FILTRIX.net and check how each one closed against its own open. Do that before an unread exhibit does your thinking.

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