In our topsy-turvy times we could all use a little mental wellbeing. You’ve got to keep your mind just as sharp as your body.
One Aussie microcap is hoping to turn this need into a major business. And today they’ve attracted some serious attention that has seen their stock soar.
Think different, think well
Total Brain Ltd [ASX:TTB] is making waves today with a major partnership that has put them on traders radars. At time of writing, the Total Brain share price is up 58.3%, but peaked as high as 83%.
With a market cap of $18.6 million, this kind of move isn’t unexpected. Especially with the news they shared this morning…
Total Brain has managed to impress and tie the knot with IBM [NYSE:IBM]. Their neuroscience-based platform will now be integrated with IBM technology to create GRIT. A new app that is designed for veterans and current soldiers to improve their mental health.
It’ll be the first big test for Total Brain’s technology and a daunting one at that. After all, they’ll be trying to mend and repair some of society’s the most damaged minds.
Should they succeed though, not only will it be telling but extremely noble. As Total Brain CEO, Louis Gagnon comments:
‘We are thrilled to partner with IBM to address the health and well-being of the VA [Veteran Affairs] community with easy-to-use, ubiquitous and adaptive technology that recognizes the importance of both individual and social determinants. The very concept of well-being is a holistic one; hence, its improvement must come from a holistic solution. Furthermore, we cannot think of a more deserving community’.
Where to next for Total Brain?
Thoughts for all involved will now inevitably turn to what comes next. For Total Brain, it’ll be something of a waiting game.
In the short term, they’ll have some more positive to look forward to. They note that ‘financial terms’ for the partnership are yet to be decided but will occur this quarter.
However, with GRIT set to undergo field tests in November, I suspect that investors could be waiting a little longer for any big developments. Still, should everything go well, it will no doubt be a defining moment for Total Brain.
Today though, the soaring share price will certainly be keeping investors pleased. A fantastic example of the lucrative potential that can be found in microcaps and penny stocks.
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For Money Morning