STOCKS TELEGRAPH

Author: ST Staff

  • PTIX Stock Showing Volatility. Here’s Why

    Protagenic Therapeutics Inc. (PTIX) stock saw a loss of 11.50% in its share price, and as a result, the price was hovering around $2.00 in the current market.

    Pricing of Public Offerings

    On the 27th of April, the company announced the pricing of an underwritten public offering of 3.18 million units, at a public offering price of $4.15, from which, the company expected to achieve the aggregate gross proceeds of about $13.2 million. One unit consists of one share of common stock, and apart from that, one warrant to purchase one share of common stock The Company said in its statement that each of the warrants could be exercised at a rate of $4.98 per share, and it would expire five years after its issuance. Two days later, on the 29th of April, the company announced the closure of the offering.

    Appointment as Principal Investigator

    In mid of December 2020, the company announced that Dr. Maurizio Fava, a Director of Division of Clinical research of Massachusetts General Hospital (MGH) research institute, and Psychiatrist-in-Chief at MGH, would serve as the Principal Investigator in the upcoming clinical trial related to testing PT00114 in the patients having anxiety, depression, PTSD, as well as within some healthy volunteers. PT00114 is Protagenic’s leading drug compound, relating to the regulation of stress response in the brain.  PT00114 has a unique mechanism of action, with robust effects in preclinical studies, said Dr. Fava. Besides, the company also announced the completion of a two-species GLP toxicology study, which the company said could aid in Investigational New Drug (IND) application filing with the Federal Drug Administration (FDA).

    Completion of Convertible note financing

    In September last year, the company announced the completion of convertible note financing, and as a result, it has raised its target amount of $2 million. This capital of $2 million would be used to finance the IND application filing of PT00114, with the FDA, as announced by the company. These steps have reinforced our optimism that our product has the potential to alleviate many stress relate disorders, said by Executive Chairman of the company, Garo H. Armen.

    COVID-19 pandemic effect upon the company

    COVID pandemic didn’t affect the business activities of the company, because of the fact that having origins in the biotechnological industry, the company’s business did not face any major hurdles from government-imposed restrictions, hence, any major effect upon the company was not marked during peak pandemic times. With ease in government restrictions, it is hoped that the company could generate start operating in a normal manner, hence, positively impacting its business performance.

    What’s in Waiting for PTIX stock?

    Looking ahead, Protagenic Therapeutics Inc. has the potential to become one of the giants of the biotechnology industry, because its domain is an emerging one, like stress and anxiety-related issues. Once the IND application gets approved by FDA, the company would be truly on a path to attain success within the near future. These developments would directly impact PTIX stock. So, potential buyers should keep a close watch on PTIX stock.

  • What Should You Look For When Buying New Coins?

    What Should You Look For When Buying New Coins?

    Everyday many new tokens and coins are launched and a lot of these are nothing scams. From a list of hundreds and thousands of coins, what are the factors and what should you look for? This article is going to help you with that.

    Look and Study About The Team

    Coins and tokens that have amazing development teams are generally the ones that attract the holders. When looking for new coins to invest especially the ones that have been launched new, look for the team and their leadership. Is the developer team good and with good knowledge? Is the CEO credible and reputable or has worked in reputable companies? If not, then it is definitely a coin that has a shady look to it. You can look at their research community such as Github to see what the devs are up to.

    Whitepaper

    Whitepaper is probably one of the most essential part of any crypto project. The purpose of the whitepaper is to rewrite the technical details in such a way that they can understood by a normal person, someone who doesn’t have knowledge about the blockchain network. If the project doesn’t have a whitepaper or in case it does have it but its poorly written, then it’s something that you should be vary of.

    Website and Community

    Whenever you learn about certain coins what is the first thing that most people do? The visit website and their community pages. Some coins like $LUNA have amazing websites that grabs attention the moment you open it. Websites should be attractive with enough details that can grab the reader’s attention. Their community pages like Twitter, Discord, and Telegram Channels should be active with no spamming and only necessary details about the projects.

    How are they Marketing?

    Sometimes you open a tweet and see certain people spamming the whole community with coins. A lot of this is paid marketing, the main purpose is to grab the attention of as many people as possible. A marketing technique that kind of makes me mad as useful information is just lost in this whole scenario. Go through their communities. Are the people shilling those coins credible or not?

    Which platforms have listed the coin

    Is the coin listed on credible exchanges or not? It’s not necessary that the coin has to be listed on major exchanges in order to be a good coin but you should take notes as to what kind of platforms are they aiming for. How many holders are there? After the launch of De-Fi apps, many coins started getting listed there and a lot of those were fakes and copies of a real and legitimate coins but with the same name in order to trick the investors. So the best way is to look at the contract addresses of the coins. 

    Look at Audit and Roadmap

    Crypto projects that haven’t been audited are a no-go zone for me personally. Look for the statements of the Auditors like Certik about how the project has performed on their scale. Look at their roadmaps and what are their future plans in store. Are they working on new updates? Are they looking for new listings? Are the devs collaborating?

    What are they bringing to the Community?

    A lot of these newly listed scam tokens and coins are nothing more than copy paste codes that is available on several websites. You should look for the basic fundamentals and technical of the coins. What are they bringing in the market? Is it something revolutionary? Do they have backers? These questions hold weightage.

    You should never recklessly invest in anything, it is your capital and you should always confirm about which coins are you going to invest in. If the project is fundamentally sound then its going to work its way into adoption and the more its adopted the more it is going to soar high.

  • Terra (LUNA) coin and Stable Economics

    Terra (LUNA) coin and Stable Economics

    If I was to say what TERRA is, then I am going to use the word “Beast” to define them. Luna can be called a financial institution of the crypto world. It has stable coins as compared to fiat in real life. The customers can earn rewards on it. Their token LUNA is the emblem what the company does.

    TERRA was launched in 2018 and LUNA was launched in 2019. Luna is a governance token that supports the whole network. From the stable coins to the processing of transactions, LUNA is the back for the whole system.

    Terra has a number of stable coins. Stable Coins are the coins that have their values pegged to the real life and commonly used asset or currency. Most famous of these is the UST, a coin that has its value pinged to US Dollar. These stable coins are very popular and in high use because since their values don’t fluctuate as the other coins. These coins can be used to operate as stable assets.

    How are Terra’s stable coins different than others?

    Terra stable coins are very different to the other coins. Most famous stable coin is Tether, an off chain collateralized coin. That means it should be backed by the fiat currency. This is a reason that the coin is always the subject of controversy whether they have the reserves or not. Yesterday (9th August) Tether had released a statement that their coins were backed by fiat currency, but a lot of speculations are there about whether the statement was true or not. On the other hand, TERRA stable coins are backed by Luna itself. The algorithm works in such a way that if the price rises up above $1, it would use Luna to mint more UST, and if the other side triggers, UST would be swapped for Luna. This algorithm removes the need for fiat currency.

    How secure is Terra (LUNA)?

    The network is secured by Proof of Stake Consensus, where the holders’ stake to validate transactions and receive rewards on the amount of Luna they hold. They have been audited by Certik in 2019 and had positive results. The network has recently collaborated with Solana, Binance Smart Chain, and Ethereum with the launch of Wormhole. A cross-chain messaging protocol.

    Terra (LUNA) and the current market

    Luna has a total of 413,099,515 coins in circulation. The coin made its ATH on 21st March 2021, with a price of $21.98. At the time of writing the token is currently being traded at a price of $13.97. The price has had a change of 3.88% in the last 24 hours and a 16.76% rise in a week.  With new positive news released, we can be sure that the fundamentals are totally in their favor. Luna and other stable coins are available on all leading block chain networks and exchanges and the team is working hard to bring them on even more. The coin is currently ranked # 26 on CoinMarketCap

    Is Terra (LUNA) coin a good investment?

    With the world moving towards decentralization, we can hope to see Terra to being used as a medium of exchange with on a small portion of the fee. We can also hope to see many new dApps being built to create new stable economics. In the near future I am hoping to see them rollout new projects that is going to bring a change in the community itself. LUNA is definitely going to bring more usability to the whole market.

  • APDN Stock Burgeoning. Here’s Why

    Applied DNA Sciences, Inc. (APDN), a DNA based technology provider, saw an increase of 3.66% in its share price on Friday, as a result of which, the share price soared up to $6.80. In the current market, the company’s shares price is rising further. Up till now, it has gained 0.44% and stands at $6.83.

    Contract for COVID-19 testing

    On the 3rd of August, the company announced that its subsidiary, ADCL, was awarded a COVID-19 testing contract by the Board of Trustees of the City University of New York. The contract was awarded to serve the purpose of facilitation in the reopening of the University, which is scheduled to happen in the fall season. According to the contract, the company is asked to provide weekly asymptomatic COVID-19 screening of unvaccinated students, faculty, and other staff present at the campus.

    Availability of identification thread technology

    In early June, Applied DNA Sciences announced the availability of A&E’s advanced identification thread technology for the ECO100 recycled sewing thread line.  This latest thread technology provides a brand new and innovative solution to different brands to serve the authentication and validation of their products. This identification thread could authenticate the products via the aid of Beacon Technology, or with qPCR test.

    Announcement of study results over COVID vaccine

    On 7th of June, the company announced the study results of sera, evaluating the company’s COVID vaccines in the felines. The results show that the company’s vaccines against the COVID-19 have the potential of providing high levels of protection against the current as well as future variants of the COVID-19 pandemic, said James A. Hayward, CEO, and President of Applied DNA Sciences Inc.

    APDN Q2 financial results

    In early May, the company announced the financial results for the second quarter of fiscal 2021, which ended March 31st. The revenue reported by the company stands at $2.7 million, as compared to $552 thousand earned during the equivalent period of 2020, an increase of 384%. During the first quarter of fiscal 2021, the company generated revenue of $1.6 million. The massive increase in revenue during the second quarter of 2021 is primarily due to the increase in services and product revenue, which was mainly brought in due to increased demand for the company’s COVID-19 related services and products. The net loss per share was $0.21, as compared to a net loss of $0.79 during the equivalent period of 2020.

    First six months financial results

    Along with quarterly results, the company also announced the financial results for six months period of the fiscal year 2021. According to them, the company revenue during the six months period stands at $4.3 million, as compared to $1.2 million during the equivalent period of 2020. Apart from that, the net loss per share stood at $1 per share, as compared to a net loss of $1.76 per share for an equivalent period of 2020.

    What lies ahead for APDN stock?

    Looking ahead, the time seems perfect for the Applied DNA Sciences business to thrive. According to analyst estimates, the company’s expected revenue for next year could be $18.76 million, while the earning per share for next could increase about 67.40%. As far as APDN stock performance is concerned, short-term investments could face volatility. The long-term investors could yield a handsome profit from APDN stock in the near future.

  • What are FUDs and How they have impacted the crypto Market

    FUD is an acronym for “Fear, Uncertainty, and Doubt”. FUD generally means any news that impacts the market in a negative way. This is a strategy to create a certain opinion about a specific coin or the market overall. These usually encompass false or fake information that creates fear and doubts in the mindset of the investors whether the coin will hold a promising future or not. In the past, different FUDs have become really famous and damaged the market to a lot of extent especially in the case of BTC. Crypto enthusiasts use the term FUDsters to refer to the people who spread false information about the market. There are certain topics that the FUDsters like to talk about for example:

    • Crypto Market is a bubble and its crash is inevitable.
    • Crypto Market has led to the increase of cybercrimes.
    • Crypto mining requires a huge amount of energy and it is harming the environment.
    • Governments and countries are banning crypto markets.

    Crypto traders have taken up the internet many times and have tried to tell the community how these naysayers are wrong and there is nothing like this in the crypto market. Whenever the market is dipping and if unfortunately, it has dipped to a significant level, these FUDsters come out of their holes and start spreading misleading information that becomes even more harmful for the community.

    HOW, you ask?

    What happens is that if some credible websites and influential people somehow talk about that FUD, the retailers would sell those coins associated with the news and get out of the market because they think that the negative news is going to damage their portfolios. When they take out their investments out, it results in even more damage to the market. On the other hand, the smart people who have been in the market for a long time and understand the nature of the news consider it as a buying opportunity and buy those dips. Diamond hands always make more profit than the weak hands.

    How FUDS and Negative news have collaborated to the Fall of BTC and the market.

    Negative news results in tension and fear in the market. Here is a few recent negative news that has damaged the market

    TESLA to stop accepting BTC as a mode of payment

    Elon Musk tweeted about the news that TESLA is no longer accepting BTC as a form of payment over the concern that BTC uses high energy and its damaging the environment. This news resulted in a lot of retailers selling their BTC and damaged the market. But Musk said that the company has not sold any of its BTC holdings and used the term “Diamond Hands”. Later according to Musk he had dig deeper and said that TESLA might resume its transactions using BTC in the future.

    CHINA to Crack Down on the business

    China has long opposed the crypto market. Quite a surprise as major mining of the BTC happens in China. This news also damaged the market. It might be good news for the future as the mining of bitcoin won’t be concentrated in a single place anymore.

    INDIA Crackdown on Crypto Market

    News about India banning crypto also impacted the crypto market. Amidst the government regulations now the RBI and the Government is looking for a middle path as the crypto market has gained a lot of attention during the past months.

    Crack Down on Binance

    Crackdown also started on Binance regarding its regulation regarding alleged illegal working. Thailand has also filed a case against the company regarding the illegal operation without a license.

    “HOPE IS A GOOD THING”

    As where all the FUDs have damaged the market, EL Salvador presented the legal tender bill to adopt BTC, which got accepted. All the residents of El Salvador are to be given $30 in BTC. The country is also started its volcano-powered mining rig for the BTC.

    Several negative news has impacted a lot but the market has sustained the damages and is on its way to recovery. We can believe that in the midst of all the fear, the market would once again move on to its way towards adoption.

  • Chiliz (CHZ) coin and how its changing the Entertainment Industry

    Chiliz (CHZ) coin and how its changing the Entertainment Industry

    After the blockchain came into existence, a lot of new companies started developing their own networks and targeted different fields. The main purpose was to shift everything to the blockchain network as it was easy to track and provided more security in terms of investments. One of such industry is Sports and Entertainment. This field was targeted by a company known as Chiliz (CHZ). Based in Malta they have brought a change in the entertainment and sports industry.

    Chiliz (CHZ) Coin and its progress

    Chiliz (CHZ) is a Fintech company that is providing its services to the sports and entertainment industry. In 2019 they formed Socios.com, a website that allowed fans to get involved in tokenized voting for their favorite teams. With a total of 19 official partners, the company has plans to get even more involved in the field of football. Teams like FC Barcelona, Paris Saint German, Atletico Madrid, Juventus and AS Roma are some of the prime partners for the company that has allowed its fans to get involved in polls and have rewarded a huge community on the basis of that. The organization has plans to bring in even more partners for their network. According to the recent news Leeds United have recently launched their own token $LUFC with CHZ.

    The native token is CHZ, on the ERC network. The token has a total supply of 8,888,888,888 CHZ. With the current marketcap of $1.8B, the coin is listed on rank # 56 at CoinMarketCap with a market dominance of 0.10%. A total of 66% total supply is currently in the market. Currently there are 101,678 Holders of the token.

    Where to Buy CHZ

    The token is listed on some of the biggest crypto exchanges like Binance, OKEx, Huobi Global and KuCoin. CHZ can also be traded on De-Fi platform (UniSwap). CHZ has also been burning its token with the most recent burn of 11M tokens burned on 5th January 2021. The tokens can be held in different exchanges and wallets as well. The officials have recommended ZenGo and Trust Wallet for the storage of the tokens.

    Has the coin showed substantial growth?

    CHZ has shown progressive growth overall. CHZ went to its All Time High on 12th May 2021 where it had a price of 0.9440 USDT and is currently moving with a price of 0.31274 USDT. CHZ has its community on Medium and Twitter where they keep their holders updated with the new feats.

    IS CHILIZ (CHZ) Coin a good investment?

     

    Chiliz has a number of big partnerships. Traders have a sweet liking for the coin as well. It can be seen that the coin has performed well and is gaining more traction from the people as well, as new holders continue to arise. It can be said that the coin has huge growth potential. 

  • Calyxt, Inc. (CLXT) Stock Enjoying Success. Here’s Why

    Calyxt, Inc. (CLXT), a food and agriculture-related company; saw a surge within its share price on Friday, after CLXT stock released its financial results for second quarter. CLXT gained some 7.38%, and hence, the company’s share price soared up to $3.93. Currently, in the aftermarket, the company’s share price stands at $3.70, after decreasing some 5.85%.

    CLXT stock Q2 financial results

    On Friday, CLXT stock released the financial results for the second quarter of fiscal year 2021ended 30th June 2021. According to those results, the company generated revenue of $11.9 million during the quarter; an increase of 415% when compared with the equivalent period of 2020. The increase was due to the higher number of products sold during the quarter. Apart from that, the cost of goods sold during the quarter stood at $11.5, an increase of 117% when compared with the equivalent period of 2020. That increased cost of goods was generally due to the increase in commodity market prices. The net loss during the quarter was $4.8 million, as compared to $6.1 million during the second quarter of 2020. Net loss per share during the quarter was $0.20

    Change in Top leadership

    In mid-July, CLXT stock announced the appointment of Michael A. Carr as its President, effective from 27th July 2021. Michael Carr has experience of over 20 years in the fields of business, finance, and operational leadership.  Before joining Calyxt, he was the Vice President of M&A, strategy, and innovation at Darling Ingredients Inc. Apart from that, on the first of May, Sarah Reiter was promoted to the post of Chief Business Officer (CBO), a newly created post by CLXT stock. Being a CBO, she would be responsible for corporate communications, product marketing as well as development and commercialization of products.

    Expansion of hemp breeding platform

    On the 8th of July, CLXT stock announced the expansion in its Hemp breeding platform. This expansion would come alongside the addition of Triploid breeding technology in the pursuit to create seedless hemps. This and other related developments depict the leadership of the company in modernizing the crop yield, said Chief Business Officer. Numerous advantages could be obtained from the seedless hemps in crop management and harvesting. Tripoid hemp could upgrade both the quality and yield of crops, said Chief Technology Officer, Travis Frey.

    CLXT stock Q1 financial results

    In early May, Calyxt announced the financial results for the first quarter of fiscal 2021, which ended March 31st, 2021. CLXT stock generated a revenue of $4.4 million during the quarter, which is an increase of 85% when compared with the first quarter of 2020. The cost of goods sold during quarter was $6.7 million, an increase 74% when compared with the cost of goods sold during first quarter of 2020. Apart from that, the net loss during the quarter stood at $10 million, an improvement of 9% when compared with the first quarter of 2020.

    Future outlook for Catlyx

    It seems that company would keep gaining its momentum during near future as well, which was badly hit due to COVID crisis. Due to the prevalence of COVID, CLXT stock financial conditions deteriorated, as evident from the financial results of all the first two quarters of 2020. But, as the government restrictions are coming to an end, the company’s business in again on track to achieve the success.

  • What is Hedera Hashgraph (HBAR) coin and why it has underperformed

    What is Hedera Hashgraph (HBAR) coin and why it has underperformed

    HBAR coin is an acronym for the Hedera Hashgraph. A cryptocoin that is built on its own blockchain using Hashgraph consensus. This coin has proved to be very undervalued in terms of its practical application. Considered as the 3rd generation of blockchain, Hedera Hashgraph (HBAR) offers huge updates as compared to the previous generations i.e. Bitcoin and Ethereum. With benefits regarding a transaction, fee, energy use, and confirmation Hedera leads all the major blockchain networks.

    Hedera Hashgraph (HBAR) coin over BTC and ETH

    Currently being used and backed by some of the biggest organizations, Hedera is far superior as compared to older used blockchain networks. With ETH major gas fee problems and Bitcoins requirements of the huge amount of energy for the confirmation. HBAR coin solves these problems with ease.

    HBAR Coin Technical Analysis

    Since generally it can be seen that all of the coins follow BTC, we can see that when it dropped HBAR also showed a drop in its price and came down from its ATH. After the pump from 29K in BTC, HBAR coin also showed an upward movement. As compared to other coins that had bled really hard like TRIAS and TEL, HBAR showed strong support at different zones. At the time BTC was at 64k, HBAR was at around 41c. This zone has strong resistance to HBAR and it has tested it a total of 6 times in its history. Currently ranging around 21c HBAR coin struggling to break above 23c. Overall HBAR has shown a bearish trend on a daily timeframe but held at around 13c at the current bottom and showed a trend reversal.

    HBAR Support& Resistance

    HBAR coin broke its trend line on 4 Hour Time Frame when it broke down from 21.74c. The current major resistance is at around 21.7c and the nearest support is at 20.8c. Break it and chances are we go down to 20.4c. If it breaks 21.7c we can hope to see it test 23c. RSI is nearly oversold that has shown a trend reversal.

    Underperformance

    As compared to other coins HBAR coin hasn’t shown any strength in its rally as well. People have showed a sigh on social media platforms as why a coin that is so promising hasn’t shown any strength with the recent movement with BTC. On the other hand, the second group of people have defended the coin with saying that is to be HODL. Short-term price action shouldn’t be bothering you.

    Overall the market has shown volatility for some time. A lot of people have been sitting on the sidelines waiting for a clear direction as to what the market is going to do. People who FOMO’edat the end of this green wave are currently not happy and probably wishing that they can see the coin at sub 20c.

  • Shineco, Inc. (TYHT) and its Volatility, Here’s What You Should Know

    Shineco, Inc. (TYHT) and its Volatility, Here’s What You Should Know

    Shineco, Inc. (TYHT) stock is currently being traded at a price of $4.18 after an increase of $0.29 (7.46%) in the premarket after closing at $3.89. With a market capitalization of 30.659M, it has an average volume of 1.763M. TYHT stock has shown an overall decrease of 34.18% in the month. The stock has continued to make lower lows and is currently showing a bearish trend on DTF.

    Why TYHT Stock has shown Volatility?

    TYHT stock has shown a huge amount of volatility with gaps during the run. The chart shows candles with huge wicks which is an additional confluence of how the stock is currently reacting. 21st April 2021, the stock started showing a parabolic movement towards the upside from the accumulation zone and made its ATH at $19.40. The stock started showing a change in market direction from bullish to bearish on 24th May 2021, when it failed to create a Higher High resulting in BOS (Break of Structure) from the Supply/ Distribution Zone. After that, the stock printed a red candle on a DTF that brought the price back to the accumulation zone. The stock has been going down since.

    Risk analysis shows that the company’s earnings have reduced by 66.7% in the last 5 years. A total of 11 shareholders holds 26.42% of the company with ShanchunHaung owning 9.9% of the shares.

    TYHT’s Statement and other plans.

    On 11th June, regarding this volatility, the company issued a response that they are unaware of the reason why the stock was moving too much. After discussing with its office bearers and stakeholders they announced that there isn’t any corporate development related to its business that they have not announced.

    On May 4th the company had also proposed to acquire 51% equity Interests in Mayah Biological Holdings Limited; a British Virgin Island biotechnological company that focuses on the development of chemical and biomedicine with its headquarter located in Taiwan.

    About the Company

    Shineco, Inc. (TYHT) creates and sells plant-based health and other products through the help of its subsidiaries in China. These include herbal medicine, trees, organic fruits and vegetables, health supplements, textiles, and fabrics as well. The company was formerly known as Beijing Tenet Jove Technological Development Co., Ltd and changed its name to Shineco, Inc. (TYHT) in 2005.

  • SilverSun Technologies, Inc. (SSNT) Stock and it’s Amazing Bull Run

    SilverSun Technologies, Inc. (SSNT) Stock and it’s Amazing Bull Run

    SilverSun Technologies, Inc. (SSNT) stock is currently being traded at $8.27 with a $0.57 (7.4%) increase in the premarket after it closed at $7.7 yesterday. The stock has a trading volume of 113.765K. The price dropped by 13.39% yesterday but the stock is showing a bullish sign with no news to point for the activity.

    SilverSun Technologies (SSNT) released its Q1 report on 11 May 2021. According to the report:

    • The revenue generated was $10,879,468, compared with $10,079,524, a total increase of 7.9% was observed.
    • Software sales were recorded as $2,004,011, compared with $1,769,171, an increase of 13.3% was seen in comparison.
    • Services revenues totaled $8,875,457, compared with $8,310,353, an increase of 6.8%.
    • A total of Gross profit was $4,746,537 seen, compared with $3,852,210, an increase of 23.2%

    According to the Chairman SSNT has had an excellent run in the first quarter. He goes on to say that customers feel confident about their economy both in the short term and long term vision. He hopes that they would see rapid growth in the business in a few years.

    The stock soared and made its ATH on 6 July 2021 by reaching a price of $14.87 before closing at $14.09 on the day. This price increase was observed after the Company announced Cash Dividends on June 22, 2021. According to the press release the record date was to be July 9, 2021, and the payment date was due on July 16, 2021. This isn’t the first time that the stock has increased its value after dividends were announced. An increase of 14.24% was also observed in December 2020 when the company announced its stock dividends.

    How SSNT Stock kept itself busy

    The company has had an amazing run this year with a lot of bullish sentiments. Fundamentals were good that resulted in the rise of the stock price. SSNT has been busy acquiring new companies. SilverSun has acquired Praire Technology Solutions. They have also signed to acquire the Human Capital Management Division of PeopleSense and C-T Solutions as well. Currently, the company has a total of 7 subsidiaries.SSNT’s subsidiary SWK Technologies Inc. has also established an IT security and Compliance division. This new move is going to help their more than 5000 customers in achieving compliance.

    Being Headed from Denver, they provide solutions to business management and technological developments. They are also providing consulting services to small and medium-sized companies. The company has a growing business in CANADA and the USA with a major concentration in New York, Chicago, Arizona, California, and Washington.