CytoDyn Inc (CYDY) Stock Reaches Towards New Low: What’s The Buzz?
In recent times, CytoDyn Inc (OTCMKTS:CYDY) has not had a particularly great time in the markets and that has been reflected in its share pice as well. Over the course of the past week, the stock has tanked by as much as 14% and it is a situation in which, it is probably important for investors to figure out if this might be an opportunity to get into the CytoDyn stock.
A look at some of the latest developments with regards to the company might provide a better idea. Yesterday, the company announced that some of its highest-ranking executives included Nader Pourhassan, the President and Chief Executive Officer, are all set to host a webcast for the investment community on June 21, 2021.
At this particular webcast, the company’s management is going to have a discussion on the data from the long hauler’s COVID 19 trial. In addition to that, the management will also provide updates with regards to the COVID 19 trials that are going on in other countries. The company has come into prominence in recent times due to its product leronlimab, which has been presented as a potential cure for COVID 19 infection.
Earlier on this month, the company had announced that the Philippines company Chiral Pharma Corporation had placed the first purchase order for CytoDyn’s leronlimab.
The order had been placed by Chiral Pharma under the provisions of the Compassionate Special Permit which is meant for treating critically ill COVID 19 patients in the Philippines. It was also announced that once the order is fulfilled, the revenues in relation to this order are going to be realized by CytoDyn. It goes without saying that it is a major development for the company and it is going to be interesting to watch if CytoDyn manages to garner more orders in the coming months.
Reconnaissance Energy Africa (RECAF) Stock Hits Record Highs: More To Come?
Reconnaissance Energy Africa Ltd (OTCMKTS:RECAF) stock has been gaining a lot of momentum over the past few months and made a new high of $9.30 on Wednesday.
Over the course of the past week, the stock has clocked gains of as much as 22% to take its gains for the year to 475%. It might be difficult to put one’s head around it but it is easy to see why this has happened.
The company recently announced the execution of a Joint Operating Agreement (“JOA”) to develop the resource potential of the Kavango Sedimentary Basin, Northeast Namibia.
Under the agreement, the two companies will jointly pursue an ongoing petroleum exploration program in the Kavango East and Kavango West regions of Namibia, with ReconAfrica covering the full costs to commerciality. The two companies initially entered into a Petroleum Exploration Agreement with the Government of the Republic of Namibia in 2015, under which they acquired Petroleum Licence No. 73.
The JOA was officially executed on Friday, June 11, 2021, and signed by ReconAfrica CEO Scot Evans and NAMCOR Managing Director Immanuel Mulunga.
“We are delighted to have finalized the negotiations and signature of a Joint Operating Agreement (JOA) with ReconAfrica for Petroleum Exploration License No. 73. This Agreement will govern the relationship between NAMCOR and ReconAfrica; and we will collectively advance the search for oil in the Kavango Sedimentary Basin in accordance with the Laws of Namibia. We understand the hydrocarbon potential of the Kavango Basin; hence collaborating with an international company with both technical and financial capabilities such as ReconAfrica will unlock the discovery of commercially viable hydrocarbon reserves and thereby enhance economic development in the country,” said Immanuel Mulunga, Managing Director of NAMCOR.
Asia Broadband (AABB) Stock Pulls Back 40% From The Peak: A Good Opportunity?
The Asia Broadband Inc (OTCMKTS:AABB) stock has been in considerable focus among investors for most of the year and the stock has garnered strong gains as well. Although the Asia Broadband stock is still up by as much as 133% so far in 2021, it has corrected sharply and declined by 40% from its May-end high of 24 cents a share.
However, the latest correction might also prove to be an opportunity for new investors and hence, it could be a good move to take a look at recent developments. The company has moved into the crypto space recently with the launch of its gold-backed AABBG token.
On Tuesday, Asia Broadband announced that it has put plans in motion that is going to see the company expanding its foot print into Central America by pushing demand for its AABBG token. The company is going to start this project at El Salvador.
In order to achieve its objectives, Asia Broadband is going to work with some of the major retailers in the country. The aim is for those retailers in El Salvador to accept payments that are made by customers in AABBG tokens. Retailers are going to be offered handsome discount incentives and commissions if they do start accepting the AABBG token.
While this was an important announcement from the company, there was another key development that took place last month. On May 27, the company announced that the Board of Directors at Asia Broadband and the company’s management approved a move for retiring and returning as many as 107 million units of restricted common shares to the treasury.
The reduction in the number of shares to such a degree could be seen as a welcome move by many shareholders and could also lead to more optimism about the Asia Broadband stock from new investors.
Lightwave Logic (LWLG) Stock Continues to Rally: Up 400% in a Year
It is always a good idea for investors to take an interest in stocks that might have recorded strong gains over a period of several months. That brings us to the subject of the technology platform company Lightwave Logic Inc (OTCMKTS: LWLG) which has seen its stock soar over the course of the year so far.
Over the course of the past month, the stock has managed to deliver gains of as much as 240% and that has taken the gains for the year so far to a staggering 400%. In light of such gains, it could be important for investors to look into some of the recent developments.
The company is involved in using its unique electro optic polymers to send data at a much higher speed but with less power consumption. Earlier on in the month, Lightwave got a significant boost after it was announced that its stock was going to be included in the Solactive EPIC Core Photonics EUR Index NTR.
The addition is going to be made as part of the half-yearly additions. The index is made up of companies that generate at least 66% of their total revenues by way of photonic manufacturing. The addition of the Lightwave stock in a well-regarded photonics company performance benchmarks is a major development.
Back on May 18, the company announced its financial results for the first fiscal quarter and provided investors with some of the key highlights. Lightwave announced that the Polymers Plus platform continued to be aligned with use cases in some of the more important markets in terms of commercialization.
The company went on to add that the markets in question have grown into multibillion-dollar sectors and are going to need high-speed data transmission with low power consumption. It is an important update considering the fact that it indicates that there could be a lot more demand for the products and services offered by Lightwave.
HCMC Stock: Healthier Choices Management Stock Breakout Imminent?
The Healthier Choices Management Corp (OTCMKTS:HCMC) stock was back in action yesterday after the company announced the expiration of its rights offering. The announcement from the company resulted in greater interest in the Healthier Choices stock and it ended the day with gains of around 4%.
As per the announcement from the company about its rights offering in the past, investors were entitled to pick up common shares in the company for a subscription price of $0.0010 a share. They represented a 25% discount on the share price, but the rights are no longer exercisable as the offering expired yesterday.
However, it should be noted that the whole thing turned out to be a quite lucrative for Healthier Choices. The company announced that the total number of subscription rights that were actually exercises added up to around 27 billion shares.
That is a staggering figure and on top of that, initial estimates suggest that Healthier Choices is going to get gross proceeds of as much as $27 million from the right offering. It is necessary for investors to keep in mind that the final amount that is going to be received by the company from this offering is yet to be finalised and is going to be verified by the subscription agent.
The announcement of the closing of the rights offering was an important one for Healthier Choices since last month there had been some confusion with regards to the date. Some of the brokerage houses had offered dates which were earlier than the original closing date and eventually Healthier Choices had to extend the deadline.
In addition to that, even after the extension, the deadline set by different brokers continued to be different, and earlier this month, the company sent out a press release specifying the different deadline dates offered by different brokerage houses. However, the whole thing is now closed and it is going to be interesting to see if the Healthier Choices stock can add to its gains today or not.
Torchlight Energy (TRCH) Stock Is About To Hit New Highs: A Breakout?
Investors are often known to look for stocks that have managed to deliver strong gains over a reasonably long period of time and such an approach is understandable considering the short-term volatility in certain stocks.
By that token, it could be a good move for investors to start tracking the Torchlight Energy (NASDAQ:TRCH) stock, which has emerged as one of the major gainers in the past six months and clocked gains of 550% during that period. The stock has been on the move in the premarket trading period this morning and has gone up by as much as 33% at the time of writing.
The latest rally in the stock has been triggered by an announcement from the company about a special dividend after the closure of markets yesterday. The dividends are on Torchlight Energy’s Series A preferred shares which are related to its merger transaction with Metamaterial. The company also revealed that those who hold common shares in Torchlight as of June 24, 2021, will receive one Series A preferred share in the company.
The announcement led to a flurry of activity in the company’s stock and it was no surprise that the Torchlight stock jumped yesterday. It is also important to point out that the company expects its merger deal with Metamaterial to be closed before the end of June.
While the announcement might have been a trigger for the rally in the stock during premarket trading period this morning, it is also important to note that the stock seems to have caught the attention of retail traders on the social media platform Stocktwits.
In other words, the stock might have entered the group of ‘meme stocks’ that might now be the target of retail investors. Over the course of the past 24 hours, the stock had the third-highest number of mentions and was only behind AMC Entertainment and Ocugen, the two other noted ‘meme stocks’.
HUMBL (HMBL) Stock Retreats From The Peak: What’s The Buzz?
Earlier in the year, HUMBL Inc (OTCMKTS:HMBL) had emerged as one of the more popular companies for those who were interested in penny stocks. The stock delivered strongly as well.
However, in recent weeks, the situation has been a bit different for the HUMBL stock. Last month the stock had actually hit a new log but eventually, it managed to bounce back and rally by as much as 100%. However, last week the HUMBL stock had another disappointing run and ended the week with declines of 15%. There was no specific news about the company last week but it might be worthwhile to take a look at some of the important developments.
Earlier in the month the company announced that it had completed the acquisition of the Latin America-based ticketing platform Tickeri Inc. HUMBL completed the acquisition in a deal that was worth $20 million and it was facilitated in the form of both debts as well as stock. It gives HUMBL a gateway into providing Latin American customers with mobile pay services and peer-to-peer remittance services in addition to ticketing. The company will add its services to the Tickeri platform and eventually there are plans to look for international expansion.
While the acquisition of Tickeri is an important development for the company, it should be noted that HUMBL has been working on a range of fronts in recent times. Last month the company announced a move into the non-fungible token (NFT) space as well and that had created a fair amount of buzz as well.
The NFT space has grown at a breakneck pace in recent times and hence, HUMBL’s move to come up with an NFT gallery could also be seen as an important one. The NFTs are meant for creators by way of which they can protect their interests. It remains to be seen if the stock can recover this week.
Hertz Global Holdings (HTZGQ) Stock is Back In Action: A Good Opportunity?
Car rental company Hertz Global Holdings Inc (OTCMKTS:HTZGQ) was in considerable focus in the markets last week after the company announced that its plan of reorganization had been accepted by the Bankruptcy Court.
That was the main trigger that saw the stock deliver gains of as much as 10% last week. However, in this regard, it is also necessary to point out that the Hertz Global stock has performed well since April and up until now it has gained as much as 500%. The reorganization plan from Hertz has already been approved by as many as 97% of all its shareholders.
It is a major development for the company in a number of ways. The approval from the Bankruptcy Court has also paved the way for Hertz Global to come out of bankruptcy by the end of this month. More importantly, the restructuring of the company is also going to help in strengthening the balance sheet considerably.
In addition to that, the company is also going to have much more financial freedom than it had in the past. It is necessary for investors to keep in mind that Hertz Global’s finances had been in tatters after its business was wrecked by the coronavirus pandemic. That eventually forced the company to file for bankruptcy.
As per the provisions of the reorganization plan from Hertz Global, the company is going to pay off debts to the tune of $5 billion and that is also going to include the entirety of its European corporate debt. In addition to that, the plan is also going to provide $2.2 billion in the form of global liquidity.
The company has been in major focus for the past weeks since it had been the subject of a bidding war between two groups of investors who were looking to bring it out of bankruptcy. It was finally resolved last month and it now appears that Hertz Global is going full tilt towards a new chapter.