RushNet Inc (RSHN) Stock Jumps 170% in a Week: How Far Can it Go?
Over the past week, the RushNet Inc (OTCMKTS:RSHN) stock has emerged as major gainer and has managed to clock gains of as much as 170%. There have been certain developments which have brought legions of investors to this stock and it might be the right time for others to take a closer look at those developments.
Yesterday, the company, along with its merger target heliosDX announced that the proposed reverse split of the stock has been officially cancelled. In order to reflect this move, the company will submit a filing to the Colorado Secretary of State with regards to the cancellation.
In order to get a better idea about the current excitement around the RushNet stock, it might be a good move to get a good look at the company’s merger/acquisition target heliosDX. The company falls under the category of a National Independent Clinical Reference Laboratory and is known for offering a wide range of tests.
At this point in time, heliosDX has contracts in as many as 44 out of the 48 states in the country, however, the company is looking to expand its footprint further. Hence, it is not a surprise that the proposed merger with RushNet has resulted in optimism among investors.
The expansion plans are going in the right direction as well and earlier on in the week, it was announced that heliosDX signed a letter of intent with regards to the acquisition of a privately owned laboratory. The laboratory has the capability of processing 5000 tests every month in addition to as many as 12000 UDS tests.
At this point in time, it has annual revenues of $10,000,000, and hence, it could prove to be a major acquisition for heliosDX as it tries to further strengthen its capabilities. This expansion is not only expected to widen heliosDX’s footprint across the country but also reduce its costs of doing business.
Ozop Energy Solutions (OZSC) Stock Extends Rally: What’s Going On?
Over the course of the past week or so, the Ozop Energy Solutions (OTCMKTS:OZSC) stock has emerged as one of the major gainers and the rally in the stock continued yesterday.
On Wednesday, the stock soared by as much as 20% to take its gains over the past week to 20%. Considering the sort of gains that have been recorded by the stock it might be a good move for investors to look into Ozop Energy Solutions a bit more closely. Yesterday the company announced that its fully owned subsidiary company Ozop Energy Systems signed a letter of intent with a real estate investment fund which is part of the New York Stock Exchange.
This is a major development for the company and the reaction from investors yesterday reflects that as well. By way of this agreement, the two entities are going to involved in scouting property in two different locations in New York and one in New Jersey for the purpose of developing electric vehicle charging and batter storage stations.
However, that is not all. The two entities are also going to involved in conducting a viability study which is going to look implementing BrainBox AI’s artificial intelligence powered energy optimisation products in more than 200 properties.
The client is a well known equity real estate investment fund and owns commercial properties across a number of states in the United States. The deal that Ozop Energy Systems signed with BrainBox AI earlier on in the week is also an interesting one.
In the announcement made by Ozop Energy Solutions, it was noted that BrainBox AI is going to explore the possibility of using its self-adapting artificial intelligence-powered products in properties owned by Ozop’s customers in the New York metro area. This particular deal was welcomed with optimism by investors and had led to a rally in the stock.
Thai Airways (TAWNF) Stock Moves Back to 25 Cents: Now What?
The coronavirus pandemic had come as a wrecking ball for many businesses across the world and one of those was the airline industry. However, with rising vaccination numbers, the dangers are easing and COVID 19 restrictions are being eased.
In this situation, many airlines might see their stocks performing better and one airline stock that could be watched at this point is that of Thai Airways. Due to the pandemic, the stock had suffered from massive loss in business and eventually, it had to get financing from the Thai Government in order to remain afloat.
The Thai Government is now looking to loosen restrictions as vaccination figures rise. Experts believe that as and when restrictions are completely out of the way, Thai Airways (OTCMKTS:TAWNF) might see a considerable improvement in its financial performance.
At this point, the stock is quite popular among investors, if Google Trends data is anything to go by. In 2021, the Thai Airways stock has been searched more times than some of the leading investment related websites. At the end of 2021, Thai Airways operated a large number of routes to as many as 58 destinations spread over 30 nations.
On the other hand, it is also necessary to note that at this point the Thai Government has a 50% stake in Thai Airways. This is an indication that the company is not going to go out of business despite the difficulties that it has suffered from the COVID 19 restrictions.
Moreover, it might also be argued that the government might also have a strategic interest in the airline. In other words, the government would want the company to do well. It is expected that the number of flights being operated by Thai Airways is going to rise steadily through the course of the year. In that sort of a situation, it is perhaps understandable why there is rising interest in Thai Airways stock.
American Battery Metals (ABML) Stock Resumes The Uptrend: Will it Continue?
If you are currently looking into the possibility of investing in stocks that might have performed strongly over the course of the past week then you could consider the American Battery Metals Corporation (OTCMKTS:ABML) stock.
The stock was in focus yesterday as it jumped by 5% and took its gains for the month to as much as 40%. There was no fresh development with regards to American Battery Metals yesterday but it might be worthwhile to take a look at development from last week. The lithium-ion battery recycling technology company signed an escrow for a property situated at 695 E Sydney Drive in Storey County, Nevada.
The property spans across an area of 13.8 acres and is a part of the famed Tahoe Reno Industrial Park, which is widely known as the biggest industrial park in the planet. The acquisition of this parcel of land could prove to be a significant boost to the company’s business as well.
American Battery Metals is currently involved in supplying batter metals through its three separate business divisions. One of those is primary resources and the other two are from extraction technology and lithium ion battery recycling. Not too long ago, American Battery Metals had announced that the groundbreaking of its lithium ion battery recycling plant at Fernley in Nevada had also been done.
On the other hand, back in May, the company had made another announcement that could have resulted in considerable optimism among investors.
American Battery Metals announced that is submitted an application for the uplisting of its shares to the NASDAQ Stock Market. Considering the fact that Nasdaq is one of the biggest stock exchanges in the world, a possible listing could open up a world of new opportunities for the company. However, it should be noted that acceptance is not guaranteed and the company will need to meet a range of requirements before the stock can be listed.
Meme Socks Buzz: Clover Health (CLOV), GameStop (GME), AMC Stock
The meme stock mania has reared its head again and some of the favorites are back in play. At the end of the week, many of those meme stocks like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) had suffered from a bout of selling pressure.
However, this morning, the retail traders seem to have taken back control of the stocks. The meme stock phenomena have been the highlight of the year so far in the markets as many heavily shorted stocks soared due to concerted efforts from retail investors. The heavy buying usually leads to short sellers buying back their shares and thereby sending the stocks even higher.
AMC and GameStop are two of the more popular meme stocks at this point. This morning the theatre operator saw its stock soar by 16% and while the gains are substantial, it should be noted that the AMC stock has not hit the psychologically vital mark of $60 a share. That said, one should remember that the AMC stock has soared by 467% since the early days of May.
Whole AMC has continued on its merry ways this morning, the same has happened in case of GameStop as well. The stock, which is one of the most famous targets of the Reddit community WallStreetBets, has managed to clock gains of 11% so far this morning.
The GameStop stock has had one of the most remarkable runs in the market in 2021 and has managed to deliver gains of 1400% this year so far. The company currently commands a market cap of $19.4 billion.
In this regard, it is perhaps also necessary to point out that many of the investors who latched on to GameStop have also managed to show remarkable resilience and stuck with the stock through difficult times as well. Experts now believe that in this fresh rally in meme stocks like GameStop many of these investors might end up recording more gains. It might be interest to track these stocks this week.
Clover Health Investments Corp (NASDAQ:CLOV) is another buzzer among the forum traders as the stock soared a whopping 82% to $21.75. The stock made a new high today as well.
88 Energy Ltd (EEENF) Stock Attempts To Recover: What Next?
The 88 Energy Ltd (OTCMKTS:EEENF) stock was in considerable focus among investors on Monday and it is easy to see why. Yesterday, the company announced that it signed an agreement with Alaska Peregrine Development Company by way of which it is going to acquire 50% working interest in Project Peregrine.
The project is located in Alaska. Although the stock plummeted after the announcement was made initially, it ended the day with gains of 8%. Considering the movement in the stock over the course of Monday, it might be a good idea for investors to take a closer look at the deal.
In this regard, investors need to note that once this acquisition is formally completed, 88 Energy is going to have working interest of 100% in the project. In a statement, the company stated that this agreement is going to allow it to continue to explore for oil at some point in the next winter.
As per the terms of the agreement, 88 Energy will be paying $14 million in the form of shares. However, there are going to be certain stipulations in this regard. Overriding royalty interest to the tune of as much as 1.5% is going to be given to Alaska Peregrine Development Company and milestone cash payments of $10 million has also been agreed upon.
The move in the stock came about after it had been trading flat for several weeks. In this context, it should be noted that in back in April the 88 Energy stock suffered a massive single day decline after it emerged that there had been a power outage due to equipment failure at two of its highest prospect zones.
That had led to panic selling in the stock. However, another announcement some days later with regards to the update about 88 Energy’s drilling activities in Alaska had resulted in a mild recovery.
KYN Capital Group (KYNC) Stock Comes Back Strongly: How Should You React?
The crypto sector has grown by leaps and bounds over the course of the past few years and payments through cryptocurrencies are now a reality. This past Friday, the KYN Capital Group Inc (OTCMKTS:KYNC) stock was in considerable focus among investors after the company announced the launch of its contactless cryptocurrency payment gateway named Koinfoldpay.
The payment gateway is meant for businesses and will allow merchants to receive payments made online through some of the more popular cryptocurrencies like Litecoin, Bitcoin, Bitcoin Cash and Ethereum. It is a significant development for KYN Capital and the investors recognised that as well. The KYN Capital stock soared by as much as 22% on Friday.
It is likely to be on the radars of many investors this morning and hence, it could be a good idea to keep a close eye on the KYN Capital stock. This is a major step from the company and could help businesses in building a competitive advantage over their peers.
Moreover, it could also be used by freelancers who might want to accept online payments. It will allow these businesses to provide an additional payment option to their customers and such a move can help in considerably boosting the number of online payments.
In the years to come, crypto payments might become far more popular and hence, usage of Koinfoldpay might give businesses an important early adopter advantage. While this might have resulted in the latest rally in the stock, it might be a good idea for investors to take a look at a development from May.
On May 25, KYN Capital announced that it retired as many as 400 million unrestricted shares to its treasury. It is another important step for the company and the reduction in the number of shares might have been another factor behind the optimism about the stock among many investors. It remains to be seen if the KYN Capital stock can add to its gains this week.
Artificial Intelligence Technology (AITX) Stock Continues To Gain: A Strong Move?
Before trading starts today, it might be a good move from investors to possibly take a look at some of the stocks which recorded considerable gains last week. One such stock is that of Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX), which recorded gains of 10% last week and on Friday alone, it rallied by as much as 37%. In this situation, it is likely to be on the radars of many investors today.
The rally in the Artificial Intelligence Technology Solutions was kicked off by an announcement from the company with regards to fresh orders of ROSA units from its fully owned subsidiary company Robotic Assistance Devices.
The ROSA units produced by Robotic Assistance Devices have become quite popular in recent times and the two new orders have been placed since the last announcement regarding orders from Artificial Intelligence Technology Solutions not too long ago.
The identity of the clients was not revealed due to confidentiality clauses, however, it was indicated that one of the units was going to be set up at the offices of a national grocery distributor. The other ROSA unit was ordered by a well-known security firm that operates from out of the East Coast. It has been announced that the security firm is also going to become an authorized dealer of Robotic Assistance Devices products.
The popularity of the ROSA units also prompted Robotic Assistance Devices to come up with new variants of the product. Last month the company released a new product named ROSA270 which is the latest variant of the family of ROSA products.
The company had announced last month that it was going to start shipping the product from June 2021 and it is going to be interesting to see the response it gets from customers. It remains to be seen if ROSA270 manages to cash in on the popularity of this group of products.