STOCKS TELEGRAPH

Author: ST Staff

  • What GoGold (GLGDF) Stock To Climb 12%?

    What GoGold (GLGDF) Stock To Climb 12%?

    GoGold Resources Inc (GLGDF) closed up 12.06 percent at $2.23 on Monday. The price of GoGold stock fluctuated between $2.02 and $2.28 on the day. Over the past three months, the GLGDF stock has increased by 16.21% with an average monthly volume exceeding 183.65K shares. While there is little current news about GLGDF stock, the company released its quarterly results recently, which may provide useful information for this stock.

    How did the quarterly results turn out?

    Silver and gold mining company GoGold is based in Canada specializing in operating, developing, exploring and acquiring projects throughout Mexico. In addition to operating the Parral Tailings mine in the state of Chihuahua, GLGDF has two exploration projects, Los Ricos South and Los Ricos North, in Jalisco. GLGDF is well-positioned to generate low-cost, high-margin projects managing from its headquarter based in Halifax, Nova Scotia.

    GoGold released its financial results last week, reporting revenues of $13.2 million from sales of 541,608 silver equivalent ounces with cash from operations of $3.3 million.

    Quarterly financial highlights of the period ending March 31, 2021:

    • Parral generated a free cash flow of $6.3 million for GLGDF in the first three months of this year.
    • Before working capital, GLGDF’s cash flow from operations was $4.9 million; after working capital, it was $3.3 million.
    • A net income of $2.7 million or $0.01 per share was recorded by GLGDF.
    • The sale of 541,608 silver equivalent ounces generated revenue of $13.2 million at a realized price of $24.43 per ounce for GLGDF.
    • Before financing, $54.7 million in cash was available with GLGDF.
    • In terms of silver equivalent ounces, 551,207 silver ounces were produced by GLGDF of which 302,933 were silver ounces, 3,208 were gold ounces, and 86 tonnes of copper.

    Moreover,

    A recently announced bought deal financing valued at $28.75 million was close on May 7, 2021, to strengthen the balance sheet of GoGold (GLGDF) and de-risk future development of the Los Ricos South mine.

  • What Happened In Last Session To Make XEBEF Stock Rise 13%?

    As of Monday’s close, stock of global provider of clean energy solutions Xebec Adsorption Inc (OTCQX: XEBEF) was up 12.96 percent at $3.4000 and had been trading in a day range of $2.9650 to $3.4000.

    Over the past 12 months, Xebec stock has gained over 49.56 percent, reaching a high of $9.0000 with a market cap of $483.75M. Although XEBEF stock was upbeat without any recent news, it recently announced quarterly results.

    Quarterly performance in brief:

    In the energy, mobility, and industrial sectors, Xebec offers clean, renewable energy solutions. In addition to deploying proprietary technologies for hydrogen production, XEBEF also provides solutions for renewable natural gas, oxygen production, and nitrogen production.

    Last week, Xebec released its first quarter results for 2021, highlighting the following:

    • XEBEF recorded an increase of $8.4 million in posting quarterly revenue of $20.6 million which was $12.2 million in the same period of the last year.
    • In the three-month period ended March 31, 2021, XEBEF generated an adjusted EBITDA of ($5.8) million, compared with $0.7 million in the year-ago quarter.
    • For the three months ended March 31, 2021, XEBEF had a net loss of $9.2 million or ($0.06) per share compared to a loss of $0.7 million or ($0.01) per share the year before.
    • XEBEF’s working capital of $129.4 million on March 31, 2021, has a current ratio of 3.6:1. On December 31, 2020, working capital was $171.1 million and a current ratio of 4.1:1.
    • For fiscal 2021, XEBEF management expects revenues of approximately $110.0 to $130.0 million and adjusted EBITDA margins between 3.0% and 4.0%.
    • Xebec (XEBEF) had $108.5 million of cash as of March 31, 2021, compared to $168.6 million at December 31, 2020.
  • Is This Why The NexTech (NEXCF) Stock Rose 13%?

    Is This Why The NexTech (NEXCF) Stock Rose 13%?

    On Monday, NexTech AR Solutions Corp (OTCQB: NEXCF) closed at $1.9910 per share after rising 13.13% and bringing its total market capitalization to $161.58M. NexTech stock traded 166.72K shares last session, which is less than its average daily volume of 313.25K. The outstanding shares of NEXCF stock are 81.16 million compared to the float of 61.82 million. A strategic partnership led to an increase in NEXCF stock price.

    What was that collaboration?

    NexTech develops and operates augmented reality platforms that enable users to experience 3D product visualizations, human holograms, and 360-degree immersive experiences. These platforms are applied to alter e-commerce, digital advertising, hybrid virtual events, and training practices. NEXCF creates AR solutions but the vast majority of its revenues are derived from three online shopping platforms:

    • com (“VCM”),
    • com (“IPL”), and
    • com (“TruLyfe”).

    On Friday, NexTech announced it was designated as a preferred vendor by Visit Tampa Bay. NEXCF can now effectively connect to conferences held in the City of Tampa Bay through this partnership. A major goal of NEXCF is to establish strategic partnerships with destination marketing organizations around the world and to assist them in reaching more travelers through virtual and hybrid events.

    What will it look like?

    NexTech (NEXCF)’s hybrid and virtual event platform will engage attendees at Tampa Bay events with stunning virtual conferences, tradeshows, meetings, and augmented reality experiences. Conference organizers, sponsors, and meeting attendees will all benefit from NEXCF’s platform in Tampa Bay.

  • What Drove Cannonau (CNNC) Stock Up 13%?

    What Drove Cannonau (CNNC) Stock Up 13%?

    The stock of Cannonau Corp. (OTCPink-CNNC) rose significantly and reached $2.3000 at the previous close, an increase of 13.30%. The Cannonau stock price fell -30.30% last week versus its monthly drop of -20.69%. After CNNC stock risen in the absence of current news, the new developments that occurred recently help us better understand CNNC.

    How did things go recently?

    For the health-conscious consumer, Cannonau offers an array of Full-Spectrum Hemp-CBD products. As a company, CNNC’s mission is to offer high-quality, pure, and all-natural cannabidiol (CBD) products.

    CNNC stands behind its pure full-spectrum products from beginning to end with complete transparency. The many therapeutic qualities of CBD are recognized by CNNC, which seeks to make people aware of them and improve their lives.

    A new distribution agreement between Cannonau and Virtual Medical International, Inc. has extended the CNNC’s distribution channels.

    Virtual Medical recently transitioned to a multi-channel business model derived by earning revenue from the sale of products through company-owned retail locations, franchise locations, domestic distributorships, and third-party contract manufacturing, as well as e-commerce and strategic alliances. QEBR’s business model, which is to provide high-quality CBD-centric products and partner with complementary product acquisitions, focuses to improve consumer health.

    How CNNC will be benefited?

    The agreement, that kicked in on April 30, 2021, will entitle Virtual Medical to distribute or resell Cannonau (CNNC)’s Full-Spectrum CBD products to the general public, both online and in retail outlets. CNNC will be able to strengthen its presence on the CBD market through Virtual Medical International’s network.

  • How Did The Argo Blockchain (ARBKF) Stock Fell Nearly 7%?

    As of the previous close, Argo Blockchain plc [OTCQX: ARBKF] stock was down -6.91% to $2.0200. A volume of 1.25M was recorded against a 30-day average of 1.24M for Argo stock. ARBKF stock price has fluctuated between $0.1670 and $4.6500 over the past 52 weeks. Following a gain of more than 10% in prior session after making a green initiative, ARBKF stock has been affected by profit-taking on the day.

    The partnership was for what?

    Argo Blockchain has one of the world’s largest and most efficient operations that run on clean energy, making it a global leader in cryptocurrency mining. This past weekend ARBKF and DMG Blockchain Solutions Inc. (OTCQB: DMGGF) announced a partnership with the Crypto Climate Accord (CCA).

    • This partnership was established in order to promote decarbonization of the cryptocurrency industry.
    • A new working group has been established by ARBKF and DMG in conjunction with the CCA to outline the accord’s objectives as well as implement technologies that improve transparency in crypto mining with regard to solar and wind energy sources.
    • As far as ARBKF and DMG are concerned, the CCA’s objectives will contribute significantly to reducing overall emissions across the crypto industry.
    • Their goals and objectives reflected a commitment to environmental stewardship, demonstrating how they were aligned with the CCA.
    • It is estimated that Bitcoin miners use around 0.5% of the world’s electrical power.
    • It is crucial to reduce the carbon footprint of that growing energy consumption in this industry.
    • A private sector initiative, the Crypto Climate Accord, committed to powering the cryptocurrency industry with 100% renewable energy in April.

    ARBKF’s commitment:

    A crypto climate accord helps instill real, tangible actions to address the environment’s impact of Bitcoin mining, according to Peter Wall, CEO of Argo Blockchain (ARBKF). The CEO of ARBKF reiterated ARGO’s readiness and determination to support the green initiatives of CCA Supporters and Signatories.

  • Do You Know Why Filo Mining (FLMMF) Stock Jumped 24%?

    Do You Know Why Filo Mining (FLMMF) Stock Jumped 24%?

    In the past session, Filo Mining Corp (OTCQX: FLMMF) stock gained 24.60% to conclude at $7.80. A total of 164.84K shares of Filo Mining stock traded hands during the session, ranging from $6.2063 to $7.9000. A development at its mining facility led to a rise in FLMMF stock.

    What was the development?

    A Canadian exploration and development company, Filo Mining specializes in mineral exploration. Located in Chile’s Region III in addition to adjacent San Juan Province, Argentina, FLMMF is focused on the development of its 100% owned Filo Del Sol copper-gold-silver deposit. The FLMMF belongs to the Lundin Group of Companies.

    Recent reports reveal that Filo Mining has discovered a high-grade zone of copper, gold and silver mineralization at Filo Del Sol.

    Here are a few highlights:

    • One of the feeder zones to the high-sulfide epithermal (HSE) mineralization found in FLMMF’s FSDH041 has generated the longest high-grade intersection to date.
    • In the same interval of 858m at 1.80% CuEq from 188m, FSDH041 returned 5.43% CuEq at 780m.
    • There was mineralization in the final 20m of the hole, averaging 1.19 %CuEq while the FLMMF’s FSDH037 hole returned 500m of 0.75% CuEq at 380m.
    • Mineralization across the 870m gap between FLMMF’s previously released holes FSDH032 and FSDH043 has been found in FSDH041 and FSDH037.
    • North of FSDH043 the deposit remains open.
    • South of FSDH032, the deposit extends over 2km.
    • In other words, the intersections reported by FLMMF are not be part of the current mine resource.

    FLMMF going further:

    It is the first game-changing hole in the Filo Del Sol project and the best hole drilled to date. This hole will be one of the best drilled around the world this year, according to Filo Mining (FLMMF). For the first time at this location, FLMMF found a long-sought-after feeder zone for high-sulfidation mineralization. The FLMMF’s expectations of that project have been reset by these results.

  • What Propelled BKDKP 24% Higher?

    What Propelled BKDKP 24% Higher?

    A share of Stanley Black & Decker, Inc (OTCPink: BKDKP) closed 24.79 percent higher on Monday at $1400.0. A strong performance of Stanley Black & Decker stock over the last month led to a share price spike of 5.66%. Volumes of BKDKP stock for the month registered over 23.49K shares. Following the reaffirmation of 2021 guidance, BKDKP stock rose.

    What does the guidance say?

    The $14.5 billion global diversified industrial Stanley Black & Decker, an S&P 500 company, employs 53,000 people worldwide. The BKDKP group is the world’s largest tools company, and the second largest commercial electronic security company. In addition to its engineered fastening and infrastructure businesses, BKDKP offers highly engineered solutions.

    A virtual summit with investors was held by Stanley Black & Decker recently. As part of the event, BKDKP leadership team explained how the Company’s margin resiliency initiative and growth catalysts are essential to its long-term vision.

    Highlights of the day included:

    • A number of key market trends have been amplified and accelerated by the pandemic, resulting in BKDKP achieving excellent growth and margin expansion.
    • BKDKP analyzed several revenue growth catalysts in order to capitalize on the growth trends.
    • BKDKP Management is also considering acquiring the remaining 80% of MTD, an option available for acquisition in July.

    What else?

    Announcing its margin resiliency plan, Stanley Black & Decker (BKDKP) updated its technology-enabled transformation program, which is expected to generate $300 – $500 million in savings over three years. A more explicit discussion of CSR was made at BKDKP, with an emphasis on how it benefits society and the Company’s performance.

  • What Caused The Interlapse (INLAF) Stock Rise 548%?

    What Caused The Interlapse (INLAF) Stock Rise 548%?

    Interlapse Technologies Corp (OTCQB: INLAF) closed yesterday with a gain of 548.72% to $4.00. Interlapse stock saw a volume of 14.82K shares versus its average weekly volume of 4.04K shares. After the company begin trading in the United States on the OTC venture market, INLAF stock rose.

    What actually happened?

    Interlapse Technologies is a financial technology company that is leading the adoption of virtual currencies around the world. Coincurve, INLAF’s flagship product, enables anyone to buy, sell, exchange, and spend digital currencies, including Bitcoin, Ethereum, Litecoin & Bitcoin Cash, instantly on the web.

    INLAF added a number of features to Coincurve to accelerate growth of new customers and monetize existing ones. Coincurve will launch in Australia/New Zealand soon as Interlapse has been evaluating new jurisdictions. Interlapse as a technology issuer can also capitalize on complementary and/or revolutionary M&A opportunities identified by INLAF.

    It was announced last week that Interlapse has begun trading on the OTCQB Venture Market in the United States. As an emerging company both in Canada and now in the US, INLAF now enjoys access to a larger investor base.

    How does it affect INLAF?

    Interlapse (INLAF) platforms will be leveraging the power of the blockchain to develop new products in the real world, taking advantage of the opportunities presented by this shift in delivery. INLAF’s stockholders in the United States will also benefit from the listing in the United States.

  • Why Is HPIL Stock Increasing Today?

    Why Is HPIL Stock Increasing Today?

    Shares of HPIL Holding (OTCPink: HPIL) are up nearly 5% in early trades today buoying at $0.0024. In Friday’s trading, HPIL stock gained 27.78 percent to close at $0.0023. HPIL stock exchanged hands in a day range of $0.0024 to $0.0017.

    Over the last 12 months, the HPIL stock has experienced a 2200.00% increase in price, reaching a high of $0.0038 with a $20.56M market cap. As a result of the name change approval from FINRA, HPIL stock jumped.

    Why name change?

    HPIL focuses on investing in public and private enterprises in various business segments in the U.S. and abroad. Health, energy, food, real estate, communications, arts, and culture are among HPIL’s plans for investment. In addition to acquiring intellectual property and technologies, HPIL stock intends to invest in the healthcare and environmental quality sectors.

    According to an announcement made on Friday, FINRA has approved the name change of HPIL to Cybernetic Technologies Ltd.

    In an effort to further squash any misconceptions and rumors, HPIL stock will host a Q & A session on the 28th, according to Stephen Brown, CEO.

    Impact of name change:

    • HPIL’s digital transformation plans a futuristic world where Cybernetic Technologies can be viewed as capturing the human element.
    • HPIL will be advanced by a futuristic mind, advocating and predicting human enhancement through a philosophical movement.
    • In order to accomplish that, HPIL will be developing advanced and widely accessible technologies that will greatly improve longevity, mood, and cognitive abilities.

  • What Led The Mass Megawatts (MMMW) Stock To Increase 33%?

    On Friday, Mass Megawatts Wind Power Inc (OTCPink:MMMW) closed at $0.0695, up 33.65 percent on the day. MMMW stock has been trading between $0.0900 and $0.0570. Mass Megawatts stock fell more than -244.40% in the last month and more than -76.28% over the quarter. After announcing an improved cash position, MMMW stock surged.

    How MMMW stock improved cash?

    A leader in developing low-cost, clean energy systems, MMMW stock develops eco-friendly technologies to meet global energy needs. This includes MMMW’s patent-pending innovations that provide an affordable alternative to solar power for commercial and residential users.

    Friday, Mass Megawatts announced that it had ample cash to fund new product development and other corporate expansion strategies.

    • More cash has been made available to the MMMW stock recently, particularly during the past few months.
    • In addition to fulfilling the MMMW’s goals, launching the solar tracker into the marketplace gives the group a new sense of optimism.
    • MMMW also intends to use some of the funds to become an SEC reporting company and to maintain the expenses necessary for continuing to do so.
    • Solar trackers are MMMW’s primary product and allow solar power projects to become more productive.

    MMMW’s strategy moving ahead:

    In 2021 and 2022 Mass Megawatts (MMMW) will only reach a very small part of global energy demand, but solar trackers’ market potential is estimated to exceed $3 billion by 2025, growing from the current market value of $2 billion. In this fast-growing solar tracker market, MMMW stock sees an opportunity to compete by offering a cost-effective alternative.