Why is PHI Group (OTCMKTS:PHIL) Stock So Volatile Over The Past Month?
One of things that needs to be kept in mind with regards to small cap stocks is the fact that these stocks may be volatile but those stocks can also deliver considerable gains.
One of the small cap stocks that could be worth tracking at this point in time is that of PHI Group (OTCMKTS:PHIL). Yesterday, the stock suffered a steep decline of 29% but that was primarily because of the fact that investors wanted to book some of their profits. Despite the fall in the stock on Wednesday, the PHI Group stock is still up by as much as 48% over the past week.
In recent times, the stock has attracted plenty of investors in recent months and has emerged as one of the more heavily accumulated small cap stocks. In addition to that, it is also necessary to point out that the PHI Group stock had also come to the attention of many retail investors who are active on social media platforms and bulletin boards.
Most of those traders are speculators and that has been another important factor behind the continued interest in the PHI Group stock.
While the rally in the stock has been quite fascinating, investors need to also remember that the involvement of a large number of speculators could also result in spikes in the PHI Group stock.
In recent times, it has emerged as one of the most popular stocks among penny stock traders from all across the world. Despite the drop yesterday, it is now going to be interesting to see if the stock can mount a recovery today.
PHI Group, Inc. provides merger and acquisition advisory, consulting, project financing, and capital market services to clients in North America and Asia. It also offers healthcare services and dietary supplements. The company was formerly known as Providential Holdings, Inc. and changed its name to PHI Group, Inc. in April 2009. PHI Group, Inc. was incorporated in 1982 and is headquartered in Irvine, California.
Fannie Mae (FNMA), Freddie Mac (FMCC) See Heavy Selling Pressure: A Good Opportunity?
For some time there had been hoping that the Supreme Court verdict was going to come as a major boost for the government-sponsored mortgaged companies Fannie Mae (OTCMKTS:FNMA) and Freddie Mac (OTCMKTS:FMCC).
However, things did not work out as expected and yesterday the Fannie Mae stock tanked by as much as 32% after the Supreme Court dismissed a case that had the potential of handing profits to the tune of many billions on to shareholders. After this development, the Freddie Mac stock declined as well.
In this regard, it is important for investors to take a closer look at Fannie Mae and the nature of its operations. The company is known for buying mortgage loans and then turning it into securities, which are then sold off to investors.
Fannie Mae buys these mortgages from some of the biggest commercial banks in the country. The financial crisis of 2008 naturally hit both these companies hard and they had to be bailed out by the United States government.
Eventually it came under government conservatorship. However, both companies have returned mountains of cash back to the treasury and have paid $300 billion in total.
The company’s shareholders believe that the two companies have paid $124 billion more than what was needed. The shareholders argued that the United States Treasury exceeded its authority as a conservatory, but the Supreme Court threw out the case. It had the potential of returning a massive pot of cash to Fannie Mae and Freddie Mac.
FNMAS stock ended lower by 32% to $2.52 on hefty volume. The stock has fallen about 70% so far this year. Over the past year, the stock has been moving within a range of $2.2700 – 7.1000.
FMCC stock ended lower by 36.77% to $1.41 on hefty volume. The stock has fallen about 70% so far this year. Over the past year, the stock has been moving within a range of $1.21-$3.08.
HCMC Stock: Healthier Choices Management Unable To Sustain At Higher Levels
When a stock is in a phase of consolidation, it is often a good idea for investors to analyse it since there is always the chance of a strong breakout.
Last week, the Healthier Choices Management Corp (OTCMKTS:HCMC) stock had been in the middle of a tough slump. The stock had in fact tanked by as much as 20%, but over the past couple of days, the stock has been in consolidation mode. In this situation, it might be worthwhile for investors to take a look at a key announcement from the company yesterday.
Healthier Choices announced yesterday that The Health Center that is based out of Colorado will launch the sale of Q-Cups, a product for which the company owns the patent. However, that is not the only thing to point out. The Health Center is going to fill the Q-Cups with concentrates made by the NUHI brand and then make them available for purchase at its dispensaries in Colorado.
The company is going to have a soft launch of the product over the course of the coming weeks. The full-scale launch is going to take place on July 10, 2021. After the full-scale launch, The Health Center is going to distribute Q-Cups on wholesale to licensed dispensaries located all over Colorado.
Another major factor that had been responsible for the drop in the stock price had been the announcement about the closing of the company’s rights offering last week. The rights offering had been a highly publicized event from the Healthier Choices Management Corp and the successful closing of the same had led to a bit of a selloff in the stock. However, at the same time, it should be noted that it does not seem to be a factor that is going to affect the stock for long. Investors could consider adding the stock to their watch lists at this point.
Atossa Therapeutics (ATOS) Stock Sees Huge Jump: Will It Hit $10?
The Atossa Therapeutics (NASDAQ:ATOS) stock has been one of the biggest movers in the market over the course of the past months and the rally continued in the stock on Tuesday.
Yesterday, the stock came into sharp focus among investors and managed to record gains of 51% for the week so far. More importantly, the rally took the gains recorded by the Atossa stock over the course of the past six months to as much as 680%. Considering the magnitude of the gains made by the stock this week, it might be a good idea to take a look at the major factors that were at play.
One of the more important milestones achieved by the company in recent times is that of being included in the Russell 3000 and Russell 2000 indexes. That might have been one of the factors why fund managers might have been acquiring the Atossa stock. However, that is not the only factor at play.
There is another group of investors, including those from the Reddit community, who are attempting to trigger a gamma squeeze in the Atossa stock. These traders have been picking up plenty of short-dated call options in the Atossa stock with the aim of forcing market makers to buy more of these shares.
If that happens then the price of the Atossa stock is going to go higher. While these may be some of the factors behind the latest rally, it should be noted by investors that these factors can only bring about a temporary rise in the stock price.
The long-term fate of the stock is going to be dependent on the company’s business. At this point in time, the company has two products in its pipeline. Not too long ago, Atossa had published the Phase 2 results in relation to its breast cancer medicine Endoxifen.
Is DarkPulse (DPLS) Stock A Good Buy After The Big Jump?
If you are looking into the stocks which have made considerable gains in the month of June so far then it might be difficult to look past the gains made by the DarkPulse Inc (OTCMKTS:DPLS) stock.
Over the course of the month so far, the stock has attracted plenty of investors and has delivered gains of as much as 250%. In light of such massive gains, it could be a good move for investors to take a long look at DarkPulse. The main trigger for the remarkable rally in the stock came about back on June 8 when the laser sensing systems company announced that it signed two letters of intent regarding the acquisition of controlling stakes in two different companies.
One of those companies is Remote Intelligence LLC and the other is Wildlife Specialists LLC. However, it is important to keep in mind that both those companies are involved in the same line of business.
The companies offer drone based 3D mapping services for industrial application and primarily work with the oil and gas industry. The acquisition of controlling stakes in these two companies is strategic in nature and Kenneth Davidson, the Chief Operating Officer stated that they represent a ‘key piece of the strategy’.
The acquisitions are expected to help DarkPulse in offering more services to its clients and that is possibly one of the major reasons why the stock has rallied this strongly in June.
However, at the same time, it remains to be seen how DarkPulse progresses once the acquisitions are closed. Last month the Chief Executive Officer of the company Dennis O’Leary joined a popular podcast and spoke about the current condition of the company. He stated that recent a recent press release about a bridge funding worth $850,000 is merely in the planning process. He went on to state that it is going to offer more notes in order to take care of the company’s toxic debts.
88 Energy (EEENF) Stock Comes Back Strong: Time to Buy Now?
After having been in consolidation mode for some time, the 88 Energy stock has sprung back to life this week and this morning the stock has continued to record strong gains. The oil and gas company has gone up by 30% so far this morning and perhaps it is now time for investors to take a closer look at 88 Energy (OTCMKTS:EEENF).
Yesterday, it emerged that the company had reached an agreement to sell its tax credits in a transaction worth as much as $18.7 million. It may not seem like a large amount for many companies but for 88 Energy it is a substantial amount.
The company is going to use the proceeds from this sale for paying off its debts that amount to $16.1 million at this point in time. The rest of the $2.6 million is going to be retained by the company and help in boosting its cash reserves. Considering the fact that the latest transaction is going to help 88 Energy in strengthening its balance sheet considerably, many investors seem to be quite optimistic about the company’s prospects going forward.
The strengthening of the cash position is also an important development. In recent times, many investors had started worrying about the financial situation at the company.
In addition to paying off its debts and strengthening its cash position, this move is also going to save the company as much as $1 million in the form of associated finance costs. The figures may not be big but it is necessary for investors to keep in mind that the 88 Energy commands a market cap of only $265 million and hence these amounts are substantial.
Leverage can affect different companies in different ways; however, for 88 Energy the lowering of leverage to such a degree has caused considerable optimism among investors. It remains to be seen if the stock can maintain its momentum or not.
Rolls-Royce Holding (RLLCF) Stock Consolidates After The Jump: What’s The Next Trigger?
More and more companies now have to adjust their businesses with the legitimate environmental concerns and the latest company to do so is the aircraft engine manufacturing behemoth Rolls-Royce Holding (OTCMKTS:RLLCF).
Last week the company announced that it is going to create products that are going to help the company become a zero net emissions entity by the end of the current decade. Over the course of the past month, the Rolls Royce stock has also gathered strong momentum and ended up clocking gains of as much as 200%. In this situation, it could be a good idea for investors to take a bit more interest in the company’s efforts to be environmentally responsible.
In its statement last week, the jet engine manufacturer stated that it has accelerated the plan to become a net-zero emissions company and went on to reveal that it has other goals as well which will have a major impact on the worldwide economy becoming zero net carbon by around 2050.
However, as far as its own products are concerned, the company is looking to come up with civil aeroplane engines which are going to be propelled entirely by sustainable fuels.
On the other hand, the company is also going to spend heavily on this front. Roll Royce has targeted to spend as much as 75% of its research and development budget towards zero net carbon technologies by 2025. Warren East, the Chief Executive Officer of Rolls Royce, stated that although the world is slowly emerging from the devastation of the COVID 19 pandemic, global economic growth can be achieved even though companies may wish to move towards a greener future.
It is a major move from the company considering the fact that it is one of the biggest names in the jet engine manufacturing industry. It remains to be seen if this announcement leads to similar announcements from its competitors.
Very Good Food Company (VRYYF) Stock Continue To See Selling Pressure: Now What?
The Very Good Food Company (OTCMKTS:VRYYF) has not had a particularly great time in recent weeks as investors have continued to exit the stock. Over the course of the past three weeks, the stock has slumped by as much as 25% and in this situation, it might be important for investors to figure out if this might be an opportunity to get into the stock.
The morning the company came into focus after it announced that it is going to host the annual general meeting and the special meeting with shareholders on June 29, 2021 at 11 a.m. It is going to be a virtual meeting and will be hosted through a webcast.
It goes without saying that the events from the meeting are going to be watched closely by market analysts as well as investors. While this is an important announcement, last week The Very Good Food Company announced a bought deal offering worth as much as $15 million.
The plant based food technology firm announced that is signed an agreement with Canaccord Genuity Corp by way of which the latter is going to act as the only book runner and the lead underwriter for the offering.
As per the provisions of the deal, Canaccord is going to buy as many as 4055000 units in The Very Good Food Company for $3.70 each and it is expected to raise gross proceeds of just a bit over $15 million.
One unit is going to be made up of one common share and half of a share warrant. A whole warrant will give the holder the right to exchange it for a common share in the company for an exercise price of $4.60 a share. It should be noted that the option can be exercised at any time within 18 months from the day of the closing.