STOCKS TELEGRAPH

Author: ST Staff

  • ReTo Eco-Solutions, Inc. (RETO) Stock Skyrockets Ahead of Announcement of New Hainan Project

    ReTo Eco-Solutions, Inc. (RETO) stock prices were up by a massive 29.24% as of the market opening on June 23rd, 2021, bringing the price per share up to USD$1.51 early on in the trading day.

    Hainan Province Project

    June 23rd, 2021 saw the company announce a new iron tailings project in the Hainan Province. The project has a 3 million ton treatment capacity and is expected to generate almost USD$43.7 million in annual sales once production commences. RETO has been tasked with designing, building, and managing the facility, which will be responsible for the largest volume of iron tailings in Hainan.

    Merit of RETO

    The company was selected for the project based on its patented technology, ability to implement and manage secondary sorting of iron tailings, as well as the selection and use of iron ore. RETO’s expertise in recycling leftover ore and processing it into ecologically friendly building materials also supported the case for it to be granted the project. The project is expected to generate almost USD$20.4 million in gross profit for the company.

    Basis for Project

    RETO uses cutting-edge and reliable technologies for production by implementing various systems such as three-stage crushing, two-stage screening, sand making, and beneficiation. Leftovers from production are use as an aggregate to produce building materials. Iron ore tailings are one such leftover, as one of the most common solid waste in the world. They are a byproduct of the beneficiation process of iron ore concentrate.

    Scope of Project

    Because of China’s rapid economical growth and expansion of its iron and steel industries over recent years, the volume of iron ore tailings has skyrocketed. This leads to a substantial environmental and economic cost arising from massive land occupation and ecological damage, which, in turn, results in safety hazards. Because of the increasingly alarming proliferation of the waste, effective waste management systems and solutions are more needed than ever.

    Benefits of Project

    The project will help diminish the cumulative adverse effects of the existing waste problem. Concurrently, the project will also serve to help recover valuable iron resources for reuse that would otherwise have been lost. Furthermore, the project has the potential to be an excellent platform to showcase the company’s proprietary one-stop comprehensive solid waste utilization.

    Future Outlook for RETO

    Armed with such a lucrative project in the works RETO is poised to continue its trajectory of success. The company is keen to capitalize on the opportunities afforded to it from the project. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • Is KBH Stock Set to Rise Today?

    At the last check, KB Home (KBH) was up 2.06% to $44.12 in premarket trading today. A share of KB Home stock rose nearly 0.42% to close the day at $43.23, up from $43.05 the previous day. The volume of KBH stock traded was 1.43 million, which is in line with the volume average for the past three months of 1.33 million.

    KBH stock fluctuated between $42.45 and $43.35 during the trading session. KBH stock increased despite a lack of current news, so current developments will help explain KBH’s rise.

    What has been happening at KBH lately?

    KB Home has been building quality homes for over 60 years and is one of the largest and most recognized homebuilders in the United States. Currently, KBH serves a variety of buyer groups in 45 markets from eight states. The unique thing about KBH is that it gives customers the ability to personalize their homes from the site to the floorplan, from the cabinets to the countertops, at a price that fits their budget. As the first builder who offers ENERGY STAR-certified homes, KBH is a pioneer in this field.

    KB A new single-family home community has recently been announced by KB Home in Menifee called Indigo at Shadow Mountain.

    • KBH’s new development features four unique one-story floor plans, each with their own unique design.
    • A dedicated home office is also available at Indigo at Shadow Mountain, which buyers can customize to fit their needs.
    • KBH offers exceptional choice and control to its customers, which sets it apart from other homebuilders.
    • Offering a wide variety of homes at an affordable price is the first step for KB Home.
    • In the building process, a buyer can choose the floor plan, exterior elevation, design options, and the location of the home.
    • Each step of the way, the team at KB Home works closely with the homeowner so they have a true partner.
    • The Environmental Protection Agency’s (EPA) indoor airPLUS standards guide the design of new KB homes to deliver an enhanced indoor environment.
    • KBH’s homes include high-performance ventilation systems, low- or zero-VOC products and other features.

    KBH’s marketing strategy:

    Visitors may tour the KB Home (KBH)’s Indigo at Shadow Mountain sales office and model homes by appointment with a sales associate, and they are also welcome to stop by without an appointment. KBH also made a sales counselor available to arrange a live video tour for homebuyers. Like its other communities, Indigo at Shadow Mountain by KB Home (KBH) offers home shoppers the option to create a home that fits their lifestyle and meets their individual needs.

  • Why Has The BBKCF Stock Stabilized Recently?

    At the previous close, BIGG Digital Assets Inc [OTCQX: BBKCF] gained just 0.76% to conclude the trading $1.3300. Volume for BIGG stock was 2.71M shares, compared to a 30-day average volume of 1.62M shares. BBKCF stock value ranged from $0.0550 to $4.0070 over the last 52 weeks. Recent developments can provide insight into the BBKCF potential as BBKCF stock has been stabilized without any recent news.

    Are there any recent developments at BBKCF?

    BIGG believes crypto will flourish if the environment is safe, compliant, and regulated. As part of its commitment to this vision, BIGG invests in companies and products. Netcoins and Blockchain Intelligence Group are the two operating companies owned by BBKCF. The Blockchain Intelligence Group (BIG) at BBKCF has generated an analytics and search engine, QLUETM, that enables Law Enforcement, RegTech and Regulators to track, trace, log, and monitor cryptocurrency transactions. BBKCF’s Netcoins develops trading software and brokerage services that make cryptocurrency transactions easy and safe for anyone to buy and sell.

    BIGG’s Blockchain Intelligence Group (“BIG”) announced a new partnership with Blockchain Foundry.

    • BBKCF partnered with BCF to provide the most comprehensive stablecoin compliance solution available.
    • BCF has developed its proprietary blockchain technology to utilize the Syscoin protocol, and has also developed substantial proprietary technology that leverages the Syscoin blockchain.
    • With Blockchain Foundry and BBKCF partnering, stablecoins will gain scale, security, and transparency.
    • A wallet-to-wallet monitoring solution and on-chain compliance solution will be integrated with BitRank Verified and QLUE.
    • Stablecoin operators are able to mitigate risk in real-time with these capabilities.
    • Security tokens require additional rules and checks, and the combined offering will unlock the blockchain’s potential to be widely adopted by bringing trust and compliance to it.
    • Due to the fact that stablecoins are centrally issued and regular checks are required by regulatory authorities, entities can now track exchanges at a transaction level through this new solution.

    BBKCF’s other achievements:

    BIGG In addition, BIGG (BBKCF) announced that May 2021 monthly revenues for its subsidiary Netcoins, reached $1.95 million, a new all-time high. According to Netcoins, the following key metrics have been achieved during the month of May:

    • Monthly revenues reached $1.95 million, up by 22% over the same period last month
    • Individual transact/trade volume was up by 23%
    • Monthly Average User Growth of 20%
    • Trading margins remain above 1%

  • What Has Been Hurting AUUD Stock In Premarket Trades?

    The stock of Auddia Inc. (AUUD) was trading at $2.86 in premarket trading, down 5.30%. The last session, Auddia closed at $3.02, an increase of 9.03% or $0.25. AUUD stock fluctuated between $2.71 and $3.90 during trading. Shares exchanged amounted to 10.0 million, significantly above the company’s average daily volume of 54K over the last 50 days.

    AUUD stock grew by 11.44% over the past five days, and it decreased by -1.95% over the past three months. So far this year, the AUUD stock has returned -9.58%. On the heels of yesterday’s AI technological advancements milestones, AUUD stock has been consolidating after gaining yesterday.

    What were those technological advancements?

    Through the development of a proprietary AI audio platform and innovative podcasting technologies, Auddia is reinventing how consumers engage with audio. There are two firsts for the industry offerings by AUUD. One of AUUD’s offerings is the option to listen to live radio with added customized content and no commercial interruptions.

    The other service provided by AUUD offers podcasts an interactive digital feed that encourages deeper storytelling and generates revenue for podcasters. Both AUUD’s offerings are targeted at large, rapidly growing audiences with high purchasing intent.

    It is within Auddia’s proprietary Artificial Intelligence engine that the company yesterday announced a major leap forward.

    • By processing radio content with precise audio and metadata, AUUD lowers the cost of training and validating AI and simultaneously improves accuracy substantially.
    • It’s expected that AI-based data processing will begin to scale to thousands of stations, improving the platform’s performance and speeding up onboarding times by a factor of five as AUUD grows.
    • By understanding and using more data, AUUD can train its artificial intelligence engine faster and with a lower cost.
    • Content identification accuracy is far greater and faster with the new approach.
    • With the cost of over $2,100 per hard dollar, AUUD would need to go through this labor-intensive process over five days.
    • A more extensive dataset is always better for training AI, but AUUD would have had to spend over $40,000 to process the 1008 hours of radio audio previously.

    AUUD’s further plans:

    Auddia (AUUD) plans to use the new AI methodology in its trial with Lakes Media and Sonoma Media. As it prepares for its full launch in the second half of 2021, AUUD expects to see consumer interest from Lakes Media and Sonoma Media audiences as well as subscription pricing from both. The trials are scheduled to start soon after the July 4th holiday.

  • Loop Industries Inc. (LOOP) stock has surged in the premarket trading session; find out why

    In the premarket trading session, Loop Industries Inc. (LOOP) stock shares had surged by 2.73% to $13.55 in at last check. The session was previously closed for the LOOP stock at $13.19 gaining 4.93%. The LOOP stock volume traded 0.17 million shares. In the past year LOOP stock has jumped by 43.68% and in the past week moved up by 29.06%. In the past six months, the stock has gained 75.17%. Furthermore, Loop Industries Inc. is currently valued in the market at $512.30 million and has 42.39 million outstanding shares.

    Loop industry aims to promote circular economy by converting waste plastic into PET

    Loop Industries Inc. is a specialty chemicals company that specifically focuses on the production of plastics and polyester fibers. The plastics that company produces is known as polyethylene terepthalate (PET) plastics which are particularly sourced by waste plastic and the polyester fibers are used as base building blocks. The PET plastics are of virgin-quality that are used for food and beverage packing and containers as well as other consumer products. This makes food and beverage and consumer product packaging companies primary clients for the PET segment of LOOP stock. Furthermore, Loop industries Inc. also serves carpet, clothing and textile industries with the polyester fibers. Loop Industries is established in Terrebonne, Canada and is a major advocate for the circular economy movement for sustainable future.

    SK Group has taken an interest in Loop Industries by initiating a strategic partnership

    One of the biggest conglomerates of Asia, known as SK Group has a subsidiary named SK global chemical Co. ltd has announced the decision to acquire 10% of Loop Industries’ equity stake. This was done pursuant to a strategic partnership for promoting circular economy and through sustainable and circular plastics in the Asian market.

    This partnership is done because both companies are driven towards sustainable PET production from de-polymerization of useless waste PET plastic and polyester fiber, including plastic containers and wrappers, rugs and materials of any shape, even sea plastics that have been debased by the sun and salt, to its base structure blocks (monomers). SK Group gives different car and packaging items and solutions that clients and markets require. The company is strategizing to invest massively in R&D efforts and global expansion to evolve the global chemical company’s output into a technology-based innovative drive towards sustainability. SK worldwide is aiming to accomplish its vision, ‘Green for Better Life’, by setting up a plastics based circular economy by working together with different accomplices and partners. SK is intending to extend the arrangement of eco-accommodating items and will persistently reuse past the measure of plastics that is created to acknowledge and use the maintainability endeavors that will profit the planet.

    Details and potential of the Joint Venture between the two packaging companies

    This makes the joint venture between both companies very ideal. Asia, a region with 60% of the world’s population is an integral market for plastics. The venture will allow SK to own 51% and 49% by Loop along with royalties from every facility that will utilize Loop’s patented and proprietary technology. The partnership will materialize on the first half on 2022 when the first facility is expected to be prepared along with four facilities in Asia in the year 2030.

    The definitive agreement was pursued for strategic investment by SKGC in Loop for purchase of 4,714,813 shares at $12 per share price totaling at $56.5 million making 10% of the equity stake in Loop.

  • Why Did LWLG Stock Plummet In Last Trading?

    After falling -2.95% to $6.9000 last session, Lightwave Logic Inc (OTCQX: LWLG), a technology platform company leveraging its proprietary electro-optic polymers to transmit data at higher speeds with less power, has seen its market capitalization drop to $730.80M. Lightwave Logic stock traded 454.04K shares recently, greater than its average daily volume of 382.48K.

    Additionally, LWLG stock has traded between $6.7800 and $7.3700. There are 105.91M pink sheets shares outstanding, while 77.18M are float. Due to the lack of current news, LWLG stock plunged, so current developments may offer insight into LWLG.

    How did LWLG recently fare?

    Lightwave Logic is developing a platform that utilizes its proprietary engineered electro-optic (EO) polymers to transmit data faster and more efficiently. As a result of Lightwave Logic’s active and stable organic polymers, it can develop next-generation photonic electronics. Data from electrical signals is converted into optical signals using LWLG’s data conversion devices for applications in telecommunications and data communications.

    In a recent report, Lightwave Logic announced data rates achieved with new modulators designed in 2021, which exceeded initial bandwidth targets by three times when compared to existing competitors’ devices.

    • A silicon semiconductor platform was used to manufacture Lightwave logic’s unparalleled modulator devices.
    • With LWLG’s breakthrough new devices, measurements are close to the capabilities of Lightwave Logic’s state-of-the-art 110GHz test equipment, demonstrating 3dB electro-optical with electrical bandwidths exceeding 100GHz.
    • This achievement by LWLG represents roughly a tripling in fiber optic data rates.
    • As a result of LWLG’s advancement, internet traffic flow is expected to be affected profoundly.
    • Modern systems utilize optical modulators with optical bandwidths of 3dB around 30-40GHz, resulting in NRZs of 50Gbps, or PAM4s of 100Gbps.
    • The LWLG considers these speeds to be too slow and recommends that they be increased.
    • A 100GHz 3dB bandwidth means that LWLG devices are about three times faster than conventional devices, and a 150GBPS baud rate means 150GBPS for NRZ, or 300GBPS for PAM4.
    • Increased traffic can contribute greatly to the likelihood of users being able to use video platforms from home or off-site.

    What else reported LWLG?

    Earlier this month, Lightwave Logic announced that it will be included in the Solactive EPIC Core Photonics EUR Index NTR. It is an important point of recognition for Lightwave Logic (LWLG) shareholders to be included in the Solactive EPIC Core Photonics EUR Index, which is one of the most widely cited performance benchmarks. In addition to the index, there are public companies in the field of optoelectronics, photonics, and optical technologies generally ranging from component manufacturers, modules, and systems manufacturers.

  • Surgaline Holdings, Inc. (SRGA) Stock Exhibits Continued Volatility Ahead of Collaboration with Inteneural

    Surgaline Holdings, Inc. (SRGA) stock prices were down by a marginal 2.92% as of the market closing on June 22nd, 2021, bringing the price per share down to USD$1.33 at the end of the trading day. Subsequent pre-market fluctuations have seen the stock climb 4.51%, bringing it up to USD$1.39.

    Registered Direct Offering

    June 14th, 2021 saw the company announce the closing of its ongoing registered direct offering, wherein the company issued and sold a total aggregate of 28,985,508 million shares of its common stock at a purchase price of USD$1.725.. In addition to the shares, warrants were issued for the sale of the same number of shares of common stock, with the warrants also being priced the same as the shares. The warrants are exercisable immediately and will expire three years from the date they are issued. As pr Nasdaq rules, the registered direct offering was priced at-the-market.

    Purpose of Offering

    The gross proceeds generated from the offering came out to almost USD$50 million before the deduction of expenses related to the offering, such as placement agent fees. The company plans to allocate the capital from the offering towards working needs and general corporate purposes. This includes preparation for the approval, utilization, and ongoing development of its digital surgical guidance system.

    Collaboration with Inteneural

    Earlier on June 7th, 2021, the company had announced its strategic collaboration agreement with Inteneural Networks Inc. As per the agreement, the company would gain access to Inteneural’s proprietary technology, allowing for the evaluation of eventual integration within the Surgaline digital surgery portfolio. With the application of digital surgery in spine procedures being the company’s initial focus, it has a much broader vision of the potential it hopes to untap.

    Scope of Partnership

    The collaboration is built on a foundation of overwhelmingly positive feedback the company has garnered from spine surgeons, many of whom also specialize in neurosurgery. The feedback was based on SRGA’s demonstrations of its proprietary Holosurgical platform. The agreement has a period during which SRGA will evaluate its partner’s technology on an exclusive basis. The two will also discuss the feasibility of a more comprehensive collaboration.

    Future Outlook for SRGA

    Armed with the extra capital from its registered direct offering and a partnership that will significantly expand the company’s scope, SRGA is poised to continue its trajectory of success. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • Why Did TBA Stock Rise During Premarket Session Today?

    As of last check, Thoma Bravo Advantage (TBA) was trading at $10.39, up 4.11% in premarket trading. During Tuesday’s regular session, TBA stock gained 0.10%, closing at $9.98. Volume for TBA stock was 740 thousand shares, which was fewer than the average daily volume of 1.46 million over the last 50 days.

    Over the past week, TBA stock has dropped by -0.20%, and it has fallen by -4.50% over the last quarter. In addition, Thoma Bravo Advantage has a current market capitalization of $1.27 billion and has 127.40 million of its shares outstanding. As a result of the approval by shareholders of a merger, TBA stock is surging.

    Which business combination was that?

    Thoma was incorporated in the Cayman Islands as a blank check company. In order to accomplish its goals, TBA seeks to merge, exchange stocks, acquire assets, purchase shares, reorganize or combine forces with one or more businesses or entities. Aimed at enhancing the software and technology-based software services market, TBA is sponsored by Thoma Bravo Advantage Sponsor LLC, which was formed by affiliated individuals with Thoma Bravo. TBA was set up to conduct business combinations within the software sector.

    At its Extraordinary General Meeting held on June 22, 2021, shareholders of TBA approved the proposed business combination with ironSource, one of the leading app platforms.

    • In today’s App Economy, ironSource helps mobile content creators succeed.
    • IronSource’s technology helps app developers build successful and scalable businesses, allowing them to grow and engage their users, monetize their content, and analyze and optimize business performance for growth.
    • The business combination was approved by more than 96% of the voters at the TBA meeting.
    • The Extraordinary General Meeting was attended by approximately 86% of TBA’s issued and outstanding shares.
    • In accordance with prior announcements by TBA, ironSource Ltd. will remain the name of the combined company.
    • As of June 29, 2021, TBA expects the company to begin trading on the New York Stock Exchange under the new symbol “IS”.
    • That will be done after close of the business combination which TBA expects to be closing on June 28, 2021.
    • Despite their overwhelming support, TBA shareholders understand that ironSource offers different combinations of scale, profitability, and business growth.

    Why TBA shareholders approved the business combination?

    In addition to its technical expertise and operational experience, shareholders also recognize the value Thoma Bravo Advantage (TBA) delivers in the software sector. In addition, TBA has committed to continuing to support ironSource during the process of entering public markets and as it establishes itself as a leader in building and scaling businesses in the App Economy.

  • Alterity Therapeutics Ltd. (ATHE) stock surged in the premarket trading session; here’s why

    In the premarket trading session, Alterity Therapeutics Limited (ATHE) has advanced by 3.85% to the price of $1.35 at the last check. ATHE stock had previously closed the session gaining 1.56% at $1.30. ATHE stock’s share price had traded between $1.26 and $1.30. ATHE stock traded 86997.0 shares. In the past week, ATHE’s shares have shed by -5.11%, while in the last month the shares added 1.56%.

    Atlerity Therapeutics’ focuses on the treatment of Parkinson disease

    Alterity Therapeutics is a biotechnology firm that specifically focuses on the discovering, designing and developing of treatments and therapy for the unmet needs of the health market. Alterity specifically focuses on developing a platform for the treatment of Parkinsonian’s disease as well as other neurodegenerative diseases. The company operates in Australia and is established in Melbourne. Founded in 1997, Alterity Therapeutics Limited was known previously as Prana Biotechnology Limited until April 2019. The main investigational candidate of the company includes ATH434 – a treatment for Parkinson’s disease- which has passed the Phase I clinical trial tests. Furthermore, Alterity is also producing antimicrobial agents such as PBT2.

    The third quarter Fiscal year 2021 report for ATHE stock shows expected growth and progress

    The company’s profile is in-line with the company’s own as well as analyst’s expectations and predictions of its financial performances. Furthermore, the company is also on track with the progress and preparation in clinical study operational phases.

    During the quarter, Alterity has made significant advances in the phase II trial of the lead candidate drug known as ATH434 which is being developed for Multiple System Atrophy (MSA) patients. The company mainly focused its efforts the conduction of bioMUSE Natural History study that is being done on MSA patients. The study will be conducted at Vanderbilt university medical center and provide insight on the design and blueprint of the phase II study of ATH434which is planned to start in this year later. The investigation has now enlisted 80% of the first objective populace and the organization is assessing the plausibility to grow enlistment.

    The organization’s money position was $32.8M with operational money surges of $5M, in accordance with organization assumptions and reflecting continuous groundwork for the Phase 2 clinical preliminary for Alterity’s lead drug up-and-comer ATH434 in Multiple System Atrophy (MSA) patients.

    The company is strengthening its profile at investments and by regularly participating in scientific and clinical conferences. The largest health conference hosted by JP Morgan also became the point for presenting the company, in the satellite event known as Biotech Showcase. January and March were both months in which the CEO of Alterity David Stamler presented poster presentations to introduce their lead candidate in HC Wainwright. Stamler was appointed the CEO of the company in January. Furthermore, the company was granted US$495,000 by Michael J. Fox Foundation to assess the pharmacologic profile of ATH434 to decide the ideal dosage of the medication in future Parkinson’s illness clinical preliminaries. It was the second award the organization has gotten from the Michael J. Fox Foundation for ATH434.

  • How Did The WSRC Stock Skyrocket In The Last Session, Jumping 840%?

    Western Sierra Resource Corp (OTCPink: WSRC) surged up 840.75% to $0.2493 at the yesterday’s close. Western Sierra stock surpassed its Average Weekly Volume of 37.66M by trading 192.75M shares. WSRC stock surged due to its plans to acquire a majority stake in a gold mining company.

    What acquisition plan does WSRC have?

    Western Sierra is a Utah corporation founded in 1907. WSRC has been involved in mining gold and silver for many years and continues to own some historical resource deposits in Arizona today. The water rights acquisitions and associated infrastructure assets in Colorado in 2014 broadened WSRC’s view to include natural resources (renewable and non-renewable). As part of the acquisition, WSRC will irrigate and cultivate industrial hemp; process hemp for manufacturing various building products; and construct affordable homes using hemp-based materials.

    A total of 1,400,000 square feet of commercial, industrial, and agricultural land was recently acquired by WSRC for a price of $1,400,000, with additional farms and residential properties also being purchased for a nonrefundable $250,000 earnest money deposit. In addition to precious metals and water rights, WSRC intends to leverage its technological capabilities and assets to become a broad-based resource company.

    In a press release yesterday, Western Sierra announced it has entered into a binding agreement with Silver State Mining Group, Inc. (“SSMG”) to acquire 70% of its shares.

    • Sage Hen Mining holds 49% of 640 acre Nevada claims owned by WSRC.
    • Located in the Oreana Tend, the Sage Hen claims are adjacent to the Relief Canyon Mine.
    • Enhanced recovery system assays indicate platinum, palladium, and rhodium in addition to gold and silver.
    • A plan for 100 tons/day will be developed by WSRC and SSMG, followed by an immediate increase to 1,100 tons/day.
    • A 100-ton operation is projected to generate $269 million in net income each year, while a 1,100-ton operation would generate $3.2 billion in annual net income.
    • Details about WSRC’s progress will be provided by the company in a timely manner.

    Western Sierra recently announced that in cooperation with Global Hemp Group Inc, WSRC has acquired a second strategic piece of real estate that is specific to the development of Colorado’s Hemp Agro-Industrial Zone (HAIZ).

    In conjunction with the fully executed contract for the acquisition of approximately 175 acres of annexed, entitlement land, Western Sierra (WSRC) will begin its first phase of planned unit development (PUD) of environmentally friendly and eco-friendly homes. Industrial hemp will be grown using irrigated irrigation. In order to attract and present industrial hemp and other green, carbon-neutral building technologies to the world, WSRC has developed a “Master Plan”.