When a stock gains momentum over several days, then it might be a good move for investors to start taking a closer look into the stock and the company. The Hunter Technology Corp. (OTCMKTS-HOILF) stock has been gaining considerable momentum in recent days and that might have been related to an updated shared by the company last week.
The company, which is involved in the development of global digital marketplaces focused on the worldwide energy trading industry, provided an update on the progress that it has made with regards to the development of its latest offering OilExchange. Hunter Technology also provided an update on the latest investor deck in relation to this product.
It is a highly innovative product and is meant to act as a platform that is going to help sovereign clients with oil supply chain intelligence solutions. However, that is not all. There are some other highly important features that ought to be pointed out.
The oil value chains can be highly complex but the OilExchange platform is capable of providing large oil producers and governments with the necessary transparency that is so necessary. The oil value chain is highly complex and OilExchange provides solutions starting from the stage of production to trade and storage.
The company announced that it is currently on course to come up with the first version of the product at some point in the third quarter of 2021. However, more importantly, the company revealed that it has engaged with regulatory agencies, governments and a range of selected potential customers in relation to OilExchange.
The interactions have proven that the product could have significant market potential when it is eventually launched. The oil industry is massive and oil trading is the bread and butter of some of the biggest oil companies in the world. Hence, it is a product that could bring a lot of value. Investors could do well to keep an eye on Hunter Technologies from now on.
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The cannabis sector had gone through considerably tough times for months before it made a recovery of sorts earlier on this year and many stocks have managed to come into prominence in a big way in recent weeks.
One of the cannabis stocks that could be worth looking into at this point is that of The Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) (TSE:TGOD). The Green Organic Dutchman stock has performed strongly over the past two weeks and managed to deliver gains of as much as 60%. The rally was triggered by the company’s performance in the fiscal first quarter.
In the first quarter that ended on March 31, 2021, The Green Organic Dutchman managed to generate revenues of $8.98 million and that reflected a year on year rise of as much as 194% from the prior year period. On the other hand, the company also managed to churn out a gross profit of $3.13 million in the first quarter.
The gross profit figure was 83% higher than what the company generated in the prior year period. The revenues generated by The Green Organic Dutchman were made out of $6.67 million in sales of cannabis product in the Canadian market and $2.31 worth of sales of hemp based products in Europe.
While the revenues soared on a year on year basis, it was actually lower than the revenues in the previous quarter. However, it should be noted that the revenues were on expected lines. The lower revenues was primarily a by product of the restrictions at stores and stay at home rules because of the coronavirus pandemic.
On the other hand, The Green Organic Dutchman continued to reap the benefits of controlling its expenses. The company’s G&A expenses for the quarter went down by as much as 53% year on year and this is a metric that is expected to be watched closely by investors going forward. At this point, it might be a good move to add The Green Organic Dutchman stock to the watch lists.