IGC Pharma Inc ( IGC ) witnessed a surge of 69.40%  in its stock value during after-hours trading on Wednesday.

What Happened: The stock of IGC Pharma ( IGC ), a company involved in the development of cannabinoid-based therapies for Alzheimer‘s disease, rose by 69.40% to $0.62. This surge followed the closing price of $0.37 on Wednesday.

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IGC Pharma’s stock has been on a rollercoaster ride recently. The company’s stock value had dropped to $0.32 on Tuesday, but it has now rebounded in after-hours trading.

Why It Matters: IGC Pharma ( IGC ) has been making significant strides in its field. In June, the company highlighted its fiscal year 2025 with clinical progress and Alzheimer’s drug development advances. This included the presentation of a scientific poster titled “Genetic Toxicity Evaluation Of Melatonin In The Bacterial Reverse Mutation Assay,” at the 2025 Genetic Toxicology Association Annual Meeting.

IGC Pharma ( IGC ) also beat analyst estimates in its fourth-quarter earnings, reporting an earnings per share of $(0.01) and sales of $330 million, which beat the $305 million estimate. 

Earlier in July, IGC Pharma ( IGC ) was also listed among the top health care stocks that were moving in the after-market session. This indicates that the company has been attracting investor attention.

Price Action: IGC Pharma ( IGC ) shares closed the Wednesday market session 14.02% higher at $0.37 per share- Benzinga Pro Data

Benzinga Edge Stock Rankings shows IGC stock has Momentum in the 20th percentile. Additional performance details are available here.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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