STOCKS TELEGRAPH

Author: ST Staff

  • How Did MLLOF Stock Stay Nearly Stable Last Session?

    How Did MLLOF Stock Stay Nearly Stable Last Session?

    At yesterday’s close, Medallion Resources Ltd (OTCQB: MLLOF) was almost stable with a slight decline of -0.10% to $0.2897. The average weekly volume of Medallion stock is 152.36K, while its trading volume on the day was 54.73K. A successful rare earth element separation product led to stabilization in MLLOF stock.

    What were those updates?

    In order to produce rare-earth elements (REEs) at a low cost, near-term, Medallion has developed a proprietary process and related business model. Mineral sands are widely used to produce monazite, a rare-earth phosphate mineral that is a by-product of the mining process. Additionally, MLLOF recently licensed from Purdue University an innovative REE separation technology that can be utilized by Medallion and sublicensed by MLLOF to third party REE producers.

    In a recent press release, Medallion Resources announced the successful separation and purification of the magnetic rare-earth elements (REE) neodymium (Nd) and praseodymium (Pr), from sand mined in the United States.

    • As a result of the exclusive license, MLLOF has a unique chance to drive value-add through its Ligand Assisted Displacement (LAD) Chromatography technology and underlying patents.
    • The MLLOF is developing technologies that will allow extraction of REEs from monazite to be transferrable and scalable.
    • Inefficient processes and long-distance transport of raw materials cause heavy CO2 emissions from REE production.
    • By locating these technologies in economically and environmentally suitable locations, they reduce CO2 emissions from REE production.
    • Life Cycle Assessment has been used by MLLOF to make sure decisions are made with the fewest possible ecological impacts.

    How MLLOF is disrupting the technology?

    LAD Chromatography technology is exclusively licensed by Medallion (MLLOF) to treat all raw materials other than coal. Separation testing is being discussed among MLLOF and third-party companies. MLLOF is happy to hear from parties interested in further information.

  • Did Anything Hurt ManifestSeven (MNFSF) Stock Last Trading?

    Did Anything Hurt ManifestSeven (MNFSF) Stock Last Trading?

    Shares of California’s first integrated omnichannel platform for legal cannabis, ManifestSeven Holdings Corporation (OTCPINK: MNFSF) lost some grounds at the previous close as it plummet -1.69% to $0.1696. ManifestSeven stock recorded Volume of 169.66K against the 30-day Average Volume of 18.89K.  Since its annual general meeting, MNFSF stock has steadily fallen.

    What was MNFSF’s takeaway from the meeting?

    In California, ManifestSeven disrupts cannabis distribution, retail, and delivery by seamlessly integrating proprietary operations into a statewide platform. A MNFSF platform assists cannabis businesses and consumers with efficient and compliant commerce.

    As part of its announcement this week, ManifestSeven shared the results of its annual general meeting that took place on June 3, 2021 and an update on its management team.

    • During the regular business session of the meeting, all nominees for director positions were elected to the Board of Directors of MNFSF.
    • In addition, they approved all the other agenda items as outlined in the MNFSF meeting notice and management information circular dated March 12, 2021.
    • The MNFSF Board of Directors has also named Scott Wessler its Chairman.
    • MNFSF president Urban Smedeby has stepped down but remains a member of the board of directors.
    • Kasmani will continue serving as MNFSF’s Chief Legal Officer while also serving as the organization’s President.

    As MNFSF moves forward:

    By launching the state’s first integrated omnichannel platform for cannabis distribution, ManifestSeven (MNFSF) is building on its success and preparing for the future of cannabis distribution and delivery. As President, Kasmani will build upon the progress MNFSF has made in securing its leadership position in the cannabis industry in California. Urban has played a major role in MNFSF’s success.

  • Do You Know Why CDBMF Stock Dropped 10%?

    Do You Know Why CDBMF Stock Dropped 10%?

    Over the past trading session, Cordoba Minerals (OTCQB: CDBMF) shares declined -10.05% to $0.7184.During the session, Cordoba Minerals stock price remained at 0.7184, while 500 shares were traded. CDBMF stock remains volatile after closing of first tranche of non-brokered private placement.

    How did that private placement work?

    A mining exploration company, Cordoba Minerals explores, develops, and acquires copper and gold projects. San Matias Copper Gold Silver Project, owned 100% by CDBMF, includes the Alacran Deposit as well as satellite deposits in Cambia and Montiel in Colombia’s Department of Cordoba. Similarly, CDBMF holds a 25% stake in the Perseverance Copper Project in Arizona, USA, which is under exploration through a joint venture and earn-in agreement.

    Cordoba Minerals Inc. announced that its non-brokered private placement has closed its first tranche of the previously announced non-brokered placement by Sarah Armstrong-Montoya, President and Chief Executive Officer.

    • Ivanhoe Electric Inc., CDBMF’s majority shareholder, received 1,823,685 common shares of CDBMF upon the close of this tranche of the Offering.
    • Approximately $2,006,053.50 in gross proceeds were generated from CDBMF’s offering of Common Shares at a price of $1.10.
    • JCHX Mining Management Co., Ltd., CDBMF’s second largest shareholder, intends to purchase Common Shares that will increase the company’s stake to 19.99% on an undiluted basis.
    • Early June 2021 is anticipated as the closing date for the JCHX tranche.

    How CDBMF will use proceeds:

    The net proceeds from the Offering will be used by CDBMF to supervise the project’s Pre-Feasibility Study and to conduct regular operations tasks. A four month and one day hold period expires on October 3, 2021, in connection with the Common Shares being offered by Cordoba Minerals (CDBMF) pursuant to exemptions from prospectus requirements.

  • Amesite Inc. (AMST) stock soars during premarket session. Here’s to know why?

    Amesite Inc. (AMST) stock gained by 25.34% at last close while the AMST stock price shows a rise during the pre-market session by 150.18%. Amesite is an ed-tech, SaaS Company that offers the industry’s most powerful artificially intelligent online learning platform, as well as content development and best-in-class infrastructure for the multi-billion-dollar online learning sectors in industry and academia.

    Upcoming Important Event

    AMST has confirmed that it will be giving a virtual presentation at the LD Micro Invitational XI on Wednesday, June 9th. The presentation will be given by Dr. Ann Marie Sastry, the Founder and CEO of Amesite.

    Dr. Sastry said,

    At the LD Micro Invitational XI, he is looking forward to telling their story to the micro-cap investing community. Demand for people with STEM skills is fast rising, and businesses are trying to locate qualified employees and upskill those they already have. Amesite, now a Microsoft Partner, is ideally positioned to produce revenue in the $350 billion online learning industry in the United States with their technological solution.

    Recent Past Development

    Amesite has revealed the debut of its Azure services. Amesite is highly capable to accelerate digital transformation and upskill experts across markets, as it runs on Azure and collaborates with institutions.

    The worldwide online education industry is expected to reach $319 billion by 2025, as per Knowledge Sourcing Intelligence, with a CAGR of 9.23% from 2020 to 2025. The workplace is evolving at a breakneck pace. Universities may implement the essential learning programs to keep people upskilled, swiftly and efficiently, in collaboration with Amesite. These learning programs may accelerate digitalization and affect markets at an exponentially higher scale with Amesite on Azure.

    Amesite Founder and CEO Dr. Ann Marie Sastry stated,

    As a Partner of Microsoft, AMST was able to participate in the Azure FastTrack for ISV program, which allowed them to work with top developers to design a completely cloud-native solution. Through Microsoft Azure’s links to institutions and businesses around the country, they can access a large network of experts through the Partner Program. That’s great news for folks looking for specific courses to help them better their professions.

  • SeaChange International Inc. (SEAC) stock declines during after-hour. Lets’ see why?

    SeaChange International Inc. (SEAC) stock declines during after-hour. Lets’ see why?

    SeaChange International Inc. (SEAC) stock gained by 4.24% at the last close while the SEAC stock price plunged by 9.76% in the after-hours trading session after SEAC announced its fiscal Q1 2022 financial results. SeaChange International provides live TV and video on demand (VOD) to millions of end consumers globally through hundreds of cloud and on-premises services.

    Financial Highlights

    Yesterday, SeaChange International released its first quarter fiscal 2022 financial results. The financial outcomes of SEAC are stated below:

    • In the first quarter of fiscal 2022, total revenue was $5.1 million, compared to $5.1 million in Q4 fiscal 2021. Product revenue increased to $1.6 million in Q1 fiscal 2022, up from $1.4 million in the fourth quarter fiscal 2021. Service revenue was $3.4 million in the first quarter of fiscal 2022, down from $3.7 million in the Q4 fiscal 2021.
    • At $20.1 million, revenue backlog remained solid at the conclusion of the quarter.
    • In the first quarter of fiscal 2022, net profit was $2.8 million, relative to $2.8 million in the fourth quarter of fiscal 2021.
    • Total operational expenditures fell to $6.6 million in the first quarter of fiscal 2022, down from $7.3 million in the Q4 fiscal 2021.
    • The GAAP loss from operations was $3.8 million, a decrease from the $4.4 million loss from operations in the Q4 of fiscal 2021.
    • GAAP net loss for the first quarter of fiscal 2022 was $4.1 million, or $(0.10) per basic share, down from $4.4 million, or $(0.12) per basic share, in the fourth quarter of fiscal 2022.
    • Non-GAAP loss calculated from operations for the first quarter of fiscal 2022 was $2.8 million, down from $3.5 million, in the fourth quarter of fiscal 2021.

    Robert Pons, SeaChange’s Executive Chairman stated,

    SeaChange is at the heart of the video industry’s shift to OTT video streaming services and distribution to billions of end consumers across the world. SEAC’s strong competitive position, market dynamics, and past success give them the reason to believe fiscal 2022 will be a year of growth and development. Longer term, they anticipate that the effective implementation of their strategic roadmap will result in sustained growth and profitability in the coming years.

  • How Has The Versarien (VRSRF) Stock Plummeted 8% In The Last Session?

    How Has The Versarien (VRSRF) Stock Plummeted 8% In The Last Session?

    On Wednesday, stock of the advanced materials engineering group, Versarien Plc (OTCPink: VRSRF) closed down -8.26 percent at $0.5330, trading in a day range of $0.5330 to $0.5750.

    Versarien stock has surged over 4.51% in the last month; with an average volume for the month over 10.74K shares. Since VRSRF stock was down-trending despite no current news, recent developments might reveal more about the VRSRF.

    Have there been any recent developments at VRSRF?

    Versarien is a leading engineering materials company that provides solutions in a variety of industry sectors in North America, Europe, and the United Kingdom. There are two segments within VRSRF, Graphene and Plastic Products and Hard Wear and Metallic Products.

    In recent news, Versarien announced agreements with Graphene Lab Co Ltd, a South Korean company specializing in chemical vapor deposition (“CVD”) graphemes.

    • VRSRF and Graphene Lab have signed agreements to advance their proposed activities in Korea. These agreements include sensors, OLEDs, and transparent flexible touch panels.
    • As announced on 22 December 2020, VRSRF acquired certain graphene production assets and intellectual property from South Korean-based Hanwha Aerospace Co Ltd.
    • VRSRF also received a strategic investment of £1.93 million from Graphene Lab.
    • VRSRF has subscribed for 4,280,000 new ordinary shares at a price of 45 pence per share to make the investment.
    • A 12-month lock-in period will apply to the Subscription Shares, which are equal to 2.2% of the enlarged share capital of VRSRF.

    The Agreement further states that:

    Graphene Lab has entered into the Agreement with Versarien Korea Ltd (“Versarien Korea”), Versarien (VRSRF)’s wholly-owned subsidiary based in South Korea. In the Agreement, VRSRF and Graphene Lab declare that they will cooperate in South Korea on a number of matters. VRSRF will have in issue 194,149,790 ordinary shares of 1 pence each as a result of the issue of Subscription Shares.

  • How Did The Monarca (ORAGF) Stock Rocket 21% Last Session?

    How Did The Monarca (ORAGF) Stock Rocket 21% Last Session?

    Monarca Minerals Inc (OTCPk: ORAGF) closed up 20.78 percent on Wednesday at $0.0872. Monarca stock has gained over 172.50% in the past year, reaching a high of $0.2029 with a market capitalization of $10.48M. ORAGF stock rose on news of annual general and special meeting following a more than 7% hit on Tuesday.

    When is the meeting scheduled?

    Monarca An exploration and development company focused on silver projects along a highly productive belt of mineral deposits in Mexico, Monarca is headquartered in Toronto. At its Tejamen deposit in Durango, Mexico, ORAGF has an inferred mineral resource of 19.8 million tonnes at 45.0 g/t Ag (28.7 million ounces of contained silver).

    On June 22, 2021, at 10:00 AM (Toronto time), Monarca plans to hold its Annual General and Special Meeting of Shareholders for the following purposes:

    • Review of the ORAGF’s audited consolidated financial statements for the years ended November 30, 2020, and 2019 and the auditor’s report;
    • The election of ORAGF’s directors;
    • Re-appoint McGovern Hurley LLP, Chartered Accountants, as auditors of ORAGF and authorize the board to fix the compensation of its directors;
    • Approve the new long-term incentive plan for ORAGF in compliance with TSX Venture Exchange policies; and
    • To determine whether any further or other business should be brought before the meeting or any postponement or postponements thereof.

    ORAGF guidelines for voting:

    In light of COVID-19 restrictions and related health concerns generally, Monarca (ORAGF) encourages shareholders not to attend the meeting in person but to vote in advance by completing and submitting their proxy according to the instructions included with the proxy sent to registered shareholders. ORAGF also directed brokerage firms and other intermediaries, through whom beneficial shareholders hold shares, to provide shareholders with voting instructions forms.

  • What Happened To Make Telkonet (TKOI) Stock Drop?

    What Happened To Make Telkonet (TKOI) Stock Drop?

    During the last trading session, creator of the EcoSmart platform of intelligent automation solutions designed to optimize comfort, energy efficiency and operational analytics for commercial markets, Telkonet Inc (OTCQB: TKOI) saw its shares fell by 16.61 percent to $0.0472.

    Telkonet stock has 136.31M outstanding shares vs 107.78M float on pink sheets. Recent developments may provide insight into TKOI stock despite the lack of current news.

    How did TKOI recently fare?

    Telkonet is a global provider of cutting-edge telematics platforms for Internet of Things (IoT). TKOI’s EcoSmart intelligent automation platform supports a full suite of IoT-connected devices to help commercial audiences better manage operational costs. Building operators can reduce energy costs by using TKOI’s devices, which provide detailed information and analysis on their energy usage.

    Recently, Telkonet announced the release of the innovative EcoSmart line of thermostat products so that it can work with LG Air Conditioning Technologies’ HVAC systems.

    TKOI/LG’s solution integrates with Building Management Systems (BMS) and Property Management Systems (PMS) in order to optimize each individual space based on resident requirements. A building’s onboard sensors, such as light, PIR, temperature, and occupancy, can deliver a truly intelligent experience to its occupants without affecting their comfort or performance.

    As TKOI moves forward:

    Telkonet (TKOI)’s EcoCentral SaaS platform provides advanced analytics and reporting as well as an event-based maintenance tool that allows operators to maximize productivity while minimizing resources. Using LG’s native integration is an example of the great partnerships TKOI is building with industry leaders to provide best-in-class solutions for its partners and customers.

  • Why Did Minnova (AGRDF) Stock Gain Nearly 4%?

    Why Did Minnova (AGRDF) Stock Gain Nearly 4%?

    A rise of 3.88% helped Minnova Corp. (OTCPK: AGRDF) close at $0.2493 in the last session. With the rise in Minnova stock price, the market cap of the company rose to $10.86. AGRDF stock price has risen despite the lack of current news however assay results for its visible gold discovery were recently released.

    How were the assay results for AGRDF?

    As an exploration and advanced development stage gold company, Minnova is focusing on  expanding and restarting PL Gold Mine, which is owned 100% by the company. It has been concluded that AGRDF’s positive feasibility study supports the restart of the PL Mine at an average annual production rate of 46,493 ounces over a mining lifespan of at least five years. Further exploration of the resource on the surface is anticipated, in order to expand resource production.

    Late last month, Minnova announced its results from its latest assays and its most recent efforts on site.

    • The AGRDF’s technical team reviewed and compiled the Winter 2021 drill program and planned a 642 meter follow-up drilling program containing 4 holes.
    • AGRDF has implemented a program on the main PL Deposit targeting a south east trending mineralization vector.
    • On the PL North Upper and Lower Zones, shallow infill holes were also targeted by AGRDF to define mineralized structures before an open pit / bulk sample was planned.
    • In that review, the AGRDF also drilled a down-dip hole to test the mineralized trend of the PL North at depth.

    AGRDF’s assessments:

    The assay results have confirmed bonanza grades associated with visible gold in hole M-21-048x observed by Minnova (AGRDF). The exceptional grade and location of this intercept confirm that AGRDF’s PL Mine has plenty of exploration potential and resource expansion potential. A large area beneath the PL mill remains untested, so AGRDF thinks that further drilling is needed to infill it.

  • What Drove The Sibannac (SNNC) Stock Up 8% During Last Trading?

    What Drove The Sibannac (SNNC) Stock Up 8% During Last Trading?

    The share price of Sibannac Inc (OTCPk: SNNC) rose by 8.00% to $0.2700 at the previous close. In the past week, Sibannac stock gained 42.11 percent, compared to a monthly gain of 63.64%. With the SNNC stock rising in the absence of current news, we can then point to recent developments to gain an in-depth understanding of the company.

    Has SNNC been doing well lately?

    Sibannac is a Nevada corporation located in Scottsdale, Arizona, founded in 1999. As part of their portfolio, SNNC markets premium next-generation wellness products made with Cannabidiol (CBD), Kratom, and Delta-8 THC derived from hemp. Food-grade, FDA-registered SNNC facilities follow all cGMP requirements. All SNNC business areas, from product design and manufacturing to sales and marketing, are vertically integrated.

    Recently, Sibannac launched the Campus Co. to help start-up companies and emerging lifestyle brands.

    • SNNC’s Campus Community will serve as the gateway for all consumer and commercial relationships in the future.
    • Furthermore, the Campus will focus on recruitment, incubation, and brand development pertaining to health, fitness, and sports, with an emphasis on nutraceuticals and functional foods.
    • SNNC’s platform will be managed by Eric Stoll and the Lifetime Branding team, which will facilitate collaborations between the brands and resources, giving them the Campus’ “big company” capabilities.
    • Choosing core branding partners will be a highly selective process, and products offering real innovation or diversity will only be added to the platform’s portfolio.

    What further plans does SNNC have?

    SNNC will eventually acquire Lifetime Branding’s equity stakes in two brands when they are acquired by Sibannac (FBNC). It is expected that Campus will continue to cultivate these brands until SNNC acquires controlling interests in the company or sells them by way of a “spin-out”.