STOCKS TELEGRAPH

Author: ST Staff

  • How Did The Firma (FRMA) Stock Rise Almost 80%?

    How Did The Firma (FRMA) Stock Rise Almost 80%?

    Firma Holdings Corp [OTC: FRMA] stock soared 79.75% at the close on Monday with a recent price of $0.0719. Firma stock price ranged between $0.0033 and $0.1950 over the last 52 weeks. In the aftermath of an acquisition deal signed by one of its subsidiaries, FRMA stock remained active on the day with 23.15M in volume.

    What acquisition did FRMA make?

    Firma Holdings specializes in emerging and middle-market domestic and international investments. As a qualified company in the consumer and industrial products industries, including qualified CBD products, FRMA evaluates the possibility of acquiring other interests, joint ventures, and licensing agreements. FRMA has been active in the mining, packaging, and food manufacturing industries.

    Firma Holdings yesterday announced the signing of an acquisition agreement by its wholly-owned subsidiary Firm Advanced Carbon Materials Inc.

    • The agreement involves acquiring 51% of the existing shares of NorthStar Sustainable Energy LLC.
    • A Kentucky-based company, NorthStar Sustainable operates the state-of-the-art Huff Plant, which is a Carbon Enhancement facility that can clean up to 450 tons per hour of coarse coal.
    • This transaction is subject to a standard 60-day due diligence period.

    What motivated FRMA for the acquisition?

    The acquisition of this company is intended to provide investors with an opportunity to invest in a company that is already positioned for success on its own. At the appropriate time, Firma (FRMA) will distribute the shares of the acquired company to its shareholders. FRMA will use its resources to continue assisting the acquired company to grow and develop.

  • How Does The BoxVn (VCEX) Stock Price Increase By 75%?

    How Does The BoxVn (VCEX) Stock Price Increase By 75%?

    Shares of the emerging leader in the fast-growing Driver and Light Commercial Vehicle (LCV) supply segment of the logistics industry BoxVn Limited (OTCPink: VCEX) saw its share price jump 75.00% to conclude the previous session at $0.0700.

    BoxVn stock gained 133.33% over the last week, versus a monthly loss of -22.22%. Since the VCEX stock increased in the absence of current news, there may be some reason to think that recent developments will provide additional insights into the VCEX.

    How has the recent past been?

    BoxVN formerly known as Vaccex Inc began as a small recruitment firm and quickly expanded into a light commercial vehicle (LCV) and driver supply business. VCEX is a company that offers flexible and long-term LCV supply to logistics businesses. BoxVn is tailored to logistics businesses and drivers with a non-traditional approach that provides premium service at a low price point.

    Providing dependable and integral services to one of the most rapidly growing sectors of the world, VCEX provides its customers with a variety of services that are so unique; they have revolutionized flexible vehicle supply, unemployment, and driver recruitment.

    Press release regarding trading activity in BoxVn shares was recently published. VCEX issued the release due to the SEC’s 10-trading-day suspension order, until December 31, 2021, due to concerns about the quality and accuracy of information in the marketplace about the company. Having retained securities attorneys, VCEX will contact the SEC and will provide the marketplace with additional information to support its claims and actions.

    VCEX’s business continuity plan:

    BoxVn (VCEX) is exploring other opportunities to list on recognized exchanges, in a timely manner, in order to get the liquidity and profile that such a listing brings. Management at VCEX is working quickly to resolve this situation and urged shareholders to be patient during this process.

  • Wesdome (WDOFF) Stock Rose 16%. How Did That Happen?

    Wesdome (WDOFF) Stock Rose 16%. How Did That Happen?

    Wesdome Gold Mines Ltd. (OTCPINK: WDOFF) closed its last trading day up 16.60 percent at $9.41 and has been trading in a $8.22 to $9.55 range. This month, Wesdome stock surged over 2.79%; the average volume was 81.86K shares for the month. An increase in WDOFF stock followed the discovery of a new high-grade footwall zone.

    What has WDOFF found out?

    Wesdome is a 100% Canadian gold mining company which has operated continuous gold mining operations in Canada for over 30 years. A key objective of WDOFF is to develop two gold mines between Ontario and Quebec, producing 200,000+ ounces of gold.

    Gold production at the Eagle River Complex in Wawa, Ontario has increased recently due to the high-grade Eagle River Underground Mine. The WDOFF Kiena Complex in Val d’Or, Quebec, is being actively explored for brownfields opportunities. A 930-meter shaft and a 2,000 tonnes-per-day mill at the Kiena Complex are part of a fully permitted former mine.

    Wesdome announced yesterday that drilling results from its 100%-owned Kiena Mine Complex in Val d’Or, Quebec, had confirmed a high-grade gold discovery in the footwall of the Kiena Deep A Zone.

    A 50-meter wide corridor adjacent to the footwall of the A2 Zone defines WDOFF’s Footwall Zone, which contains new intersections of gold mineralization. Mineralization is associated with quartz veins containing visible gold, and the veins are spatially associated with amphibolitized komatiite and basaltic komatiite units.

    What does WDOFF anticipate?

    There are several benefits to this new discovery of Wesdome (WDOFF), including the update of the mineral resource estimate, the number of ounces per vertical meter, and the global economic characteristics of the project. In addition, WDOFF is still confirming that a high-grade corridor exists in the footwall leading into the A Zone.

  • Did Anything Boost Samsara (SAML) Stock Last Session?

    Did Anything Boost Samsara (SAML) Stock Last Session?

    Stock price of maker of tech-forward travel products, Samsara Luggage, Inc. (OTCPK: SAML) closed up 27.22% to $2.01 in the past session. Samsara stock price ranged from $1.60 to $2.25 during the session, while 107,535 shares changed hands. After posting impressive quarterly revenue growth, SAML stock surged.

    What factors contributed to quarterly revenue growth?

    Samsara, a global smart luggage and smart travel company, is committed to making travel less of a hassle and more of an effortless experience. The SAML brand is dedicated to transforming the travel industry with its products by combining smart features, including IoT technology, innovative design, and quality materials. During CES 2020, Samsara announced its Next Generation smart carry-on.

    Quarterly report released this week by Samsara showed that revenue increased 275% over the previous year in the first quarter of 2021.

    • Growth in SAML’s newest vertical, Sarah & Sam, an online fashion and lifestyle retailer launched in the fall of 2020, also contributed to its results.
    • Because of the lethal Corona virus, SAML Luggage was able to provide more consumer items through its existing resources and supply chain capabilities.
    • During the quarter ended March 31, 2021, sales generated by Sarah & Sam increased by 67.3%.

    What’s next at SAML?

    A Next-Gen smart carry-on suitcase from Samsara (SAML) is expected to be released as travel activity picks up again. In addition to providing access to a secure global network, the SAML Next Gen line also features GPS tracking, Bluetooth 5.1, wireless charging dock functionality, and a USB-C charging port.

  • How Did The Quisitive (QUISF) Stock Rise Nearly 8%?

    Quisitive Technology Solutions, Inc. (OTCPk: QUISF) closed at a price of $1.2204 an increase of 7.69%. Quisitive stock volume amounted to 118.747K, compared with its average weekly volume of 29.48K. As a result of the company’s announcement of an accelerated warrant expiry date in Canada, QUISF stock surged.

    How QUISF will be accelerating warrants expiration?

    Microsoft’s premier global partner, Quisitive delivers Microsoft solutions along with complementary technologies for enterprises, including custom solutions and first-party offerings. The Cloud Solutions business of QUISF provides enterprises with support in moving to, operating in, and leveraging the three Microsoft cloud platforms.

    In addition to LedgerPay product suite, QUISF’s Payments Solutions business uses the Azure cloud to transform the payment processing industry into a smarts consumer platform that improves customer engagement and loyalty. QUISF has ten employee hubs worldwide to serve clients globally.

    Quisitive announced this week that it would accelerate the expiration of its common share purchase warrants in Canada, which are scheduled to expire on June 26, 2020.

    • Under the warrant agreement in place between Computershare Trust Co. of Canada and Quisitive, the warrants were issued by QUISF on June 26, 2020.
    • A Notice of Acceleration will be delivered to holders of warrants informing them of the QUISF’s decision to accelerate the expiration date of the warrants to June 16, 2021.
    • After the Accelerated Expiry Date, the Warrants will be delisted from the TSXV under the ticker QUIS.WT.

    QUISF financial results:

    Quisitive (QUISF) is also set to be announcing the financial results for the first quarter ended March 31, 2021, in a press release on Tuesday, May 25. The QUISF press release will be followed by a conference call at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) on the day to discuss those results.

  • Do You Know Why MRCWF Stock Spiked 10.89% Last Session?

    Stock of the blank check company Mercer Park Brand Acquisition Corp. (OTCPk: MRCWF) was up 10.89% to $2.75 at the previous close. During the day trading on Wednesday, Mercer Park stock price ranged between $2.6545 and $2.8985 as a total of 45,189 shares changed hands. MRCWF stock 52-week range was reported $0.70 – $2.938. With the equity investment from its parent company, MRCWF stock gained traction.

    Who provided equity investment to MRCWF?

    Mercer Park has been incorporated under provincial laws of British Columbia as a special purpose acquisition corporation (SPAC).  MRCWF was formed in order to complete a Qualifying Transaction. In May 2019, MRCWF launched to build the leading cannabis brand in the United States.

    According to Mercer Park Brand latest disclosure, it’s previously announced equity private placement has been upsized to include a proposed investment commitment of US$50 million from TPCO Holdings Corp (“The Parent Company”).

    • A definitive agreement was recently signed between MRCWF and GH Group, California’s largest fully integrated CBD company.
    • A total of $135 million of private placement capital has been raised by MRCWF, including the investment by The Parent Company.
    • It is expected to close contemporaneously with the completion of the Glass House Group Transaction, which is subject to customary approvals and conditions.

    What’s in GH deal for MRCWF?

    For the next 10 years, MRCWF will supply Glass House with its branded products, as well as to have branded products in Glass House retail shops in years to come. Through this announcement, Mercer Park (MRCWF) and Glass House have formed the first-ever partnership of this magnitude in the California cannabis industry.

  • What Drove MBHCF Stock Up 21%?

    Stock of MBH Corporation PLC (OTCQX: MBHCF) gained 21.50% or $0.069 in Wednesday’s trading session, closing the day at $0.39 a share. MBH stock 52-week low has now moved to $0.281 with the MBHCF stock 52-week high at $0.722 per share. Recent developments in MBH may shed light on the company, since MBHCF stock rose despite a lack of recent news.

    Is there anything new that happened recently?

    MBH Corporation is a publicly listed investment company, both on the Frankfurt and Düsseldorf stock exchanges. MBHCF acquires well-established, profitable, and highly scalable small-to-medium enterprises in a number of geographical areas and sectors. By pursuing the Agglomeration strategy, MBHCF is able to create substantial shareholder value through the acquisition of exceptional companies.

    MBH Corporation announced its latest acquisition of Intercity Taxis this month, which becomes the fourth company in its transportation vertical.

    • There are over 150 drivers for Intercity’s fleet of 120 taxis and the company has been in business for over 40 years.
    • A large portion of the company’s business comes from Staffordshire County Council, and the company also provides school run services to several other local authorities.
    • Although Intercity Taxis has a long history, it has continued to innovate and recently embraced the iCabbi mobile app, web booker and interactive voice response systems to provide customers the ability to book a taxi quickly in many different ways.
    • The year ending 31 May 2020 saw revenue of GBP 2.1 million and normalized EBIT of GBP 0.5 million for Intercity Taxis.

    How MBHCF will settle the deal?

    It is estimated that the acquisition of Intercity will cost approximately GBP 3-4m, mostly in the form of an MBHCF listed bond. The bond will be issued with 5-year of maturity period with Principal to be paid at the end of tenor and semiannual payment at the coupon rate of 5% per annum. MBHCF acquired Intercity Taxis as a tactical acquisition and will merge it with Take Me (formerly ADT Taxis) as part of their transportation vertical.

  • Has EV Biologics (YECO) Stock Risen Last Session For A Reason?

    EV Biologics, Inc. (OTCPink-YECO) stock remained stable as it recorded rise of just 0.63% to close the last session at $4.81. EV Biologics stock performance over the last week was -8.95% versus its monthly performance of 16.02%. A management update upon the company’s name change submission sent YECO stock soaring.

    What prompted YECO to release an update?

    EV Biologics is a Wyoming, USA-based Biotechnology company. It was previously known as Yulong Eco-Materials Limited. A team of scientists at YECO is developing products derived from human mesenchymal stem cells and other cells that are being used in cosmetics and biopharmaceuticals.

    Initial trials will be conducted with university and physician-researchers and will be specific to the international clinical research community, with a targeted approach to the aesthetic and regenerative medicine markets.

    EV Biologics updated its investors yesterday of the status of its name change application to the Financial Industry Regulatory Authority.

    • YECO noted that such applications require notarized documents, and is a lengthy and complicated process.
    • The Wyoming Secretary of State received YECO’s Articles of Continuance filed on April 12, 2019, updating YECO’s jurisdiction from the Cayman Islands to Wyoming.
    • Upon completion of the filing in 2019, YECO became a domestic issuer in the United States and no longer a foreign issuer.
    • The Wyoming Secretary of State notified YECO on May 7 that the Articles of Continuation had been accepted and file accordingly by the State of Wyoming.
    • As a result of the filing with the Wyoming Secretary of State, YECO has become subject to U.S. jurisdiction.

    How does YECO plan to move forward?

    This move took place on July 31, 2020, after which YECO changed its name to EV Biologics Corp. Since then, YECO has been operating legally under its new name in the United States and around the world. EV Biologics (YECO) will receive a new trading symbol from FINRA upon completion of the review process.

  • Azimut (AZMTF) Stock Skyrocketed 32%, Why?

    Stock price of the mineral exploration company Azimut Exploration Inc. (OTCPink: AZMTF) rose 36.83% to $1.06 at the yesterdays close. Volume for the Azimut stock was 139.33K in contrast with its Average Weekly volume of 9.15K. AZMTF stock rose on news to continue intersecting wide, high-grade gold intervals.

    What were those intersections?

    The core business of Azimut is generating leads and developing partnerships. An active exploration program is underway at AZMTF’s 100%-owned Elmer Property in the James Bay region, where the Patwon gold discovery has been made. AZMTF creates a powerful big data analytics approach based on its AZtechMine expert system, augmented with extensive exploration experience.

    Azimut announced in a press release yesterday that the Patwon discovery on the Company’s 100% owned Elmer Project in the James Bay region of Quebec continues to intersect wide, high-grade gold intervals.

    There are 60 holes in the current 15,000 meter diamond drilling program at Elmer, and AZMTF has completed 35 of those holes so far drilling 10,149 meters; two others are in progress.

    The drilling program is intended to:

    • Add 10,000 meters in the Patwon discovery with 30 holes.
    • Test 10 high-quality targets near Patwon with 30 holes spread over 5,000 meters.
    • The most significant results from the first 10 holes at Patwon include 4.08g/t to 39.81g/t Au over multiple depths from 142.8 m to 429.1 m.

    AZMTF’s further plans:

    AZMTF is drilling a second rig comprise of 5,000 meters (30 holes) in a priority corridor that is 8 kilometers long by 3 kilometers wide, in order to test 10 high-quality targets. According to Azimut (AZMTF)’s management, an excellent chance exists of making a new discovery in Patwon’s vicinity, based on several factors.

  • On What Basis Did Augmedix (AUGX) Stock Rise Nearly 38%?

    Shares of the leading provider of remote medical documentation and live clinical support, Augmedix, Inc. (OTCQX: AUGX) shares rose by 37.59% during the trading session on Wednesday, touching the low of $3.50 and the high of $4.00. There were 8,130 shares of Augmedix stock traded in the session, representing an increase of 245% over the average volume of 2,356 shares.

    During its last trading session, AUGX stock ended trading at $3.99. Although AUGX stock grew in the absence of current news, recently its quarterly results have been published, so we can refer to these financial data in order to better understand the AUGX stock.

    How did things go recently?

    Using Augmedix, clinicians can focus on patient care by converting natural clinician-patient conversations into medical documentation and receiving live patient support including referrals, orders, and reminders. AUGX is compatible with more than 37 specialty domains.

    Augmedix proprietary automation modules and human specialists work together to deliver accurate, comprehensive, and timely medical documentation in HIPAA-secure settings. Over a dozen American health systems rely on AUGX services to support medical offices, clinics, hospitals and telemedicine.

    In the last week Augmedix reported financial results for the first quarter of 2021 that ended March 31, 2021.

    First Quarter 2021 Financial and Operational Highlights:

    • AUGX generated $4.8 million in revenue, an increase of 21% compared to $4.0 million.
    • The dollar-based retention rate for AUGX’s Health Enterprise customers was 113%, up from 108% in 4Q20.
    • Compared to 35%, GAAP Gross Margin of AUGX increased by 960 basis points to 44%.
    • In GAAP terms, AUGX’s operating expenses were $6.5 million as opposed to $5.6 million.
    • There was a net loss of $4.90 million for AUGX in the reported quarter compared with $4.70 million.
    • EBITDA losses of AUGX increased from $4.1 million to $4.3 million.
    • Cash and restricted funds available with Augmedix (AUGX) were $19.3 million as of March 31, 2021.