Why Is Lightwave Logic (LWLG) stock Up 1400% So Far in 2021?
There have been many stocks which have managed to record considerable gains over the course of the years so far and one of the more notable gainers is the Lightwave Logic (OTCMKTS:LWLG) stock. The stock has been in the middle of a remarkable run in 2021 and has clocked gains of 1375% so far. However, that is not all.
The Lightwave Logic stock has also performed strongly in recent days and has delivered gains of 550% over the course of the past month. The company, which is involved in deploying its patented electro-optic polymers for transmitting data at a higher speed but with less consumption of power, announced last week that it was awarded a new United State patent.
The latest patent relates to a new breakthrough device that helps in mass volume manufacturing if it is inserted into advanced integrated photonic platforms. It is a major new development for Lightwave Logic considering the fact that the product packs some very interesting features. It not only improves reliability but also helps in enhancing optical mode control and brings down by consumption.
The patent, which is titled “Direct drive region-less polymer modulator methods of fabricating and materials therefor”, is expected to pave the way for electro-optic polymers that consume lower amounts of power. The latest announcement from the company is perhaps another reason for the continued rally in the Lightwave Logic stock and it is going to be interesting to see if the stock can continue to hold on to its momentum in the coming days.
Western Sierra Resource (WSRC) Stock Makes a Massive Move: Will it Hit $1?
Over the course of the past two weeks, the Western Sierra Resource Corporation (OTCMKTS:WSRC) stock has emerged as one of the biggest gainers from among small caps and the upward trend in the stock continued on Wednesday.
As investors continued to pile on to the stock on Wednesday, the Western Sierra stock soared by as much as 48% and took its gains over the past two weeks to a staggering 1200%. In light of such massive gains, it might be a good time for investors to look into the company’s business a bit more closely. Yesterday, the stock surged after the company announced that it completed the agreement in relation to the acquisition of 70% of the common shares in Silver State Mining Group Inc.
The acquisition has been made for a payment of $10 million and the money is going to be immediately deployed towards the preliminary development of Sage Hen Mining Claims located in the western part of Nevada. It is a major development for the company and one of the reasons for the rally in the Western Sierra stock over the past two weeks had been in anticipation of this deal.
In this regard, it is also necessary to point out that the $10 million payment has been made by the directors and officers at Western Sierra. This reflects that the management is highly confident about the prospects of this project. Additionally, the management took this step in order to ensure that they did not have to dilute the company’s stock.