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Micro-Cap Biotech Stocks Soar: WOK, JZXN & TNFA Lead Record Rally

NYSE | NASDAQ
September 24, 2025 | 9:00pm

Daily Market Recap – September 24, 2025

The U.S. equity market witnessed a broad rally in small‐ and micro‐cap names on September 24, as speculative biotech and technology issues led gains. Heavy volume accompanied steep price advances, reflecting renewed risk appetite among traders. Below is a summary of today’s most active tickers by notable price movements and trading volumes.

Intraday Snapshot

TickerATTN PriceCurrent PriceVolumePrice Change %
SHFS4.706.7416,238,99743.37%
CLPT15.1219.548,712,75329.26%
RCT1.081.5944,004,90347.86%
YAAS0.0590.0892317,349,68650.57%
JZXN0.461.0828,117,843135.64%
AQMS4.425.857,537,09832.39%
TNFA2.264.8039,866,701112.86%
LAC4.645.87180,563,44326.51%
IDAI1.943.1815,510,22864.16%
DBGI4.506.652,845,02547.78%
WOK0.0140.114365,756,685721.83%
FCHL0.450.69555,686,07454.52%
WOR48.5053.29641,4879.79%
RAYA0.030.054383,597,77083.89%
LXEO4.636.52973,432,23540.90%

Market Trend Analysis

Today’s session was characterized by a pronounced rotation into small‐cap biotechnology and technology stocks. A handful of names more than doubled, as traders chased high‐beta opportunities. The broad market indices rose modestly, but performance was heavily skewed toward these aggressive movers rather than large‐cap benchmarks.

Volume patterns underscored the focus on speculative plays. WOK Medical Technology Group saw over 65 million shares trade hands—its highest daily volume on record—while RCT and TNFA each traded north of 39 million shares. In contrast, more established securities like WOR experienced relatively muted activity.

Biotech Rally

Biotech Rally by Joseph Chan

Notable Movers

JIUZI Holdings (JZXN) led the pack with a 135.6% surge after renewed investor interest in its franchised electric‐vehicle network. TNF Pharmaceuticals (TNFA) rallied 112.9% amid fresh data readouts and partnership news, while WORK Medical (WOK) reversed earlier weakness with a staggering 721.8% bounce. Biometric‐services provider T Stamp (IDAI) added 64.2%, fueled by contract wins and industry conferences.

Elsewhere, shares of RAYA Power (RAYA) climbed 83.9% on reports of a registered direct offering, and Remote Communications Tech (RCT) jumped 47.9% as volume eclipsed 44 million shares.

TL;DR

  • Micro‐ and small‐cap names outperformed, leading a risk‐on rally.
  • WOK, JZXN and TNFA were the top percentage gainers, each with triple‐digit advances.
  • Record volumes in WOK, RCT and TNFA highlighted speculative interest.
  • Broader indices saw modest gains, driven by concentrated strength in biotech and tech microcaps.
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