STOCKS TELEGRAPH

Author: ST Staff

  • Bionovate (BIIO) Stock Fell 11% Last Session, Why?

    Bionovate (BIIO) Stock Fell 11% Last Session, Why?

    As of Friday’s close, Bionovate Technologies Corp (OTCPink: BIIO) was down -10.83 to $1.0700. The volume of shares in Bionovate stock was 5.31K, compared to its average weekly volume of 4.96K. In the absence of current news, BIEO’s stock fell, so we can look to recent developments for a more complete understanding of this company.

    What has been happening at BIIO lately?

    Bionovate invests in and markets patents and licenses that allow healthcare and lifestyle diagnostics to be accessed from smartphones. BIIO is focusing on enabling digital transformation by creating a platform of medical devices and mobile applications with a strong emphasis on mobile user experiences based on health care data. BIIO sees the medical technology market as one of the most promising, high-growth segments in the world.

    Bionovate recently filed a formal application for listing on the NASDAQ Stock Exchange (“NASDAQ”). By total market capitalization, NASDAQ ranks second worldwide and is the home of many world-class technology companies.

    The United States Securities and Exchange Commission (SEC) has receive BIIO’s Form 20-F Registration Statement in connection with its application to list on NASDAQ. BIIO’s shares will only be listed on the NASDAQ Capital Market after the company meets the minimum listing requirements for that market, among other factors.

    What is BIIO trying to accomplish?

    BIIO intends to comply with all of the requirements for listing. With the listing, Bionovate (BIIO) enters a phase of rapid growth in the global market for medical devices.

  • Did Anything Boost Echelon (EGFHF) Stock Last Trading?

    Did Anything Boost Echelon (EGFHF) Stock Last Trading?

    The stock of Echelon Holdings Inc (OTCPINK: EGFHF) closed up 89.13% to $2.4020 in the last trading session. A total of 2.30K shares changed hands during the session, as Echelon stock fluctuated between $2.4020 and $2.8800. In reaction to reports that the annual meeting and special shareholder meeting would take place on a different date, EGFHF stock rose.

    When are the meetings scheduled?

    Echelon, which was founded in 1998, is a provider of personal and commercial lines insurance in Canada, exclusively through brokers. The Insurance Company of Prince Edward Island distributes insurance products on behalf of EGFHF. After receiving approval from shareholders on December 11, 2020, EGFHF changed its name from Echelon Financial Holdings Inc. to EFH Holdings Inc.

    Last week, Echelon announced that its annual general meeting and special shareholder meeting will take place on July 15, 2021 at 11:00 a.m. The EGFHF had originally planned to hold its annual general meeting on June 15, 2021.

    A special shareholder meeting is scheduled for EGFHF shareholders in order to consider whether to change the name of the organization from EFH Holdings Inc. to ICPEI Holdings Inc. EGFHF has set June 8, 2021 as the record date to determine which shareholders are entitled to receive notice of and to vote at the Meeting.

    How will EGFHF conduct the meeting?

    Echelon (EGFHF) will hold the Meeting in a virtual only format. EGFHF’s Management Information Circular and Notice of Meeting, which will be mailed to shareholders and filed on June 18, 2021, will include instructions for participating in the virtual Meeting.

  • How Did THC Farmaceuticals (CBDG) Stock Fall 32%?

    The share price of THC Farmaceuticals Inc (OTCPk: CBDG) fell by 31.60 percent on Thursday, closing at $0.2050. THC Farmaceuticals stock has fallen over -60% in three months, with an average daily volume of over 4,13K shares. In the last 12 months, CBDG stock has performed well with a gain of 36.67%, reaching a high of $0.8400 with a market cap of $3.41M. Despite a lack of current news, CBDG stock was downbeat.

    Has anything happened recently with CBDG?

    As a pharmaceutical start-up company focused on developing products based on Tetrahydrocannabinol (THC) and cannabidiol (CBD), THC Farmaceuticals through its subsidiary, CBDual Biotechnology Corp., is committed to developing high-performance products that are designed to heal the human body and mind.

    • Rubin’s Dental Anxiety Pills, as well as a line of premium CBD technology for oral health, are major products of CBDG.
    • Southern California is home to CBDG’s facility.
    • By using CBDual’s unique delivery technique, oral bioactive cannabinoids are delivered more effectively and promote overall oral health.
    • SBDG was founded in 2016 and has its headquarters in California, as well as R&D centers in the US and Israel.
    • CBDG offers patients easy access to clinical trials of new medical cannabis products, medications, and therapies.

    THC Farmaceuticals recently announced that it had reached a binding agreement to acquire a controlling ownership interest in G.K. Manufacturing from Cannabis Sativa, Inc.

    Is the acquisition beneficial to CBDG?

    With the acquisition of GK Manufacturing, CBDG is able to expand its product offerings to the domestic US market, which includes a line of dental care products. Further, THC Farmaceuticals (CBDG) gained access to the US market with established manufacturing and distribution platforms in addition to innovative CBD health and wellness brands.

  • Has FDMSF Stock Dropped Last Session For A Reason?

    On Thursday, Fandom Sports Media Corp. (OTCQB: FDMSF) finished trading at $0.2000, a slip-up of -0.50 percent. Over the past day, the Fandom Sports stock has traded between $0.2000 and $0. 2167. With a monthly volume average of over 239.71K shares, FDMSF stock fell nearly -4% last month. Despite enabling Valorant and 10 other leading titles, FDMSF stock fell.

    What titles have FDMSF added?

    Fans of Esports are being targeted by Fandom Sports by developing and deploying a web application that runs instantly on Android and iOS mobile devices. FDMSF’s Unified Information Access platform supports multilingual interfaces and operates in a private cloud.

    In addition to betting and predictions, Fandom’s platform aims to launch the global Esports prediction modeling and regulated betting platform globally. Using purpose-built data interaction, FDMSF delivers interactive Esports entertainment to Super Fans.

    Fandom Sports yesterday announced its Unified Information Access (“UIA”) platform will offer actionable wagers and predictions to several titles.

    The titles enabled by FDMSF include leading games like:

    • Valorant
    • Rainbow Six
    • Call of Duty
    • Warcraft 3
    • Rocket League
    • StarCraft 2
    • FIFA
    • StarCraft BroodWar
    • Overwatch
    • King of Glory
    • World of War Craft

    What FDMSF announcements have already been made?

    In a previous announcement, Fandom Sports announced that the API for League of Legends, DOTA 2, and CS: GO is complete. The FDMSF team can train the prediction models and pattern recognition needed to generate dynamic wagers and predictions as well as system-generated reconciliation based on the newly developed game titles. Machine learning in Fandom Sports (FDMSF) is a superior method over static predictions made by competing wagering and predictions platforms that depend on human judgment.

  • How Did The AZLOF Stock Surge In The Last Session, Jumping 17%?

    The market value of Azelio AB (OTCPink: AZLOF) increased by 17.44% to $896.87M after closing at $6.45 the previous day. After opening the session at $6.45, Azelio stock price remained unchanged throughout the day against its previous closing price of $5.49. Though there is no recent news to speak of, recent developments may prove useful to gain insight into the AZLOF stock.

    How did AZLOF’s recent activities go?

    In Sweden, the European Union, and internationally, Azelio is engaged in the research and development, production, and supply of Stirling engine-based renewable energy systems. An assembly line for Stirling engines is run by AZLOF. Based in Gothenburg, Sweden, AZLOF was launched in 2008.

    Swedish firm Industrisupport i Åmål AB recently ordered two TES.POD systems from Azelio.

    • In AZLOF’s TES.POD, excess energy from a rooftop solar PV system will be stored and supplied on demand, on a 24-hour basis.
    • It will increase the share of renewable energy by 24%, reducing annual CO2 emissions from energy use by 168 tonnes through AZLOF’s storage unit installation.
    • Being the company’s first commercial order in Sweden, this order represents strategic importance for AZLOF.
    • Energy storage solution by AZLOF is selected over li-ion battery alternatives for two TES.POD units on commercial terms.

    AZLOF’s role in that order?

    The TES.POD will be combined with solar PV already installed by Svea Solar, Sweden’s largest solar PV installer, and a current collaborator with Azelio (AZLOF) for joint projects. TES.POD from AZLOF will provide heat to Industrisupport i Åmål AB making the firm less dependent on the local heating network while making use of renewable energy sources for renewable baseload power.

  • What Happened Last Session That Made TKLS Stock Drop?

    What Happened Last Session That Made TKLS Stock Drop?

    Stock in Trutankless Inc [OTCPk: TKLS] slipped -9.57% to $0.1370 at the previous close. Volume on Trutankless stock amounted to 1.17K shares versus the 30-day average volume of 10.71K shares.

    TKLS stock fluctuated between $0.0801 and $0.3400 within the last 52 weeks. TKLS stock dropped in absence of recent news; therefore we are able to analyze recent developments to evaluate TKLS better.

    What was the latest at TKLS?

    Tech-driven, Trutankless specializes in home automation and energy efficiency solutions. The primary product line of TKLS is its electric tankless water heaters, which are much more efficient, reliable, and environmentally friendly than traditional tanks.

    A large number of plumbing wholesalers and dealers in the United States assist with the marketing of Trutankless products. Based in Scottsdale, Arizona, TKLS was established in 2008.

    Trutankless manufactures a line of award-winning electric water heaters. As part of the buildout of its new production lab and research and development facility, TKLS recently completed a number of important tasks.

    Located in Scottsdale, the newly renovated facility features state-of-the-art technology for product development. The TKLS has hired a prominent law firm to handle its patent applications, and has filed its first patent application.

    Further plans at TKLS:

    New products that Trutankless (TKLS) plans to introduce for today’s smart homes will be even more appealing to a broader customer base looking for solutions to problems like ruptured pipes, leaks, and wasted water in homes everywhere. TKLS will also announce upcoming launch dates for a suite of products that will boost the company’s environmental impact and generate additional revenues.

  • Why Has The MADI Stock Price Lost 18% In Last Session?

    Why Has The MADI Stock Price Lost 18% In Last Session?

    Madison Systems, Inc. (OTCPINK: MADI) closed the last session at $0.045 after losing -18.18%, bringing its market cap to $1.81M. Madison’s stock traded 18.8K shares with 40.16M shares outstanding and 7.10M of float. MADI stock rose when there was no recent news, so recent developments may give us additional information about MADI.

    How has MADI been recently?

    Madison is a provider of switching devices for network security. In addition to its firewall products, MADI offers products that prevent unauthorized entry into corporate and government computer networks. Canadian-based MADI has headquarters in Aurora.

    Madison and Stanmac Broadband Inc. (SBI) have recently provided an update on the future of the patented and proprietary broadband technology they are developing.

    • The association between MADI and Infinity Internet Solutions enables MADI to provide its patented technology that is six to eight years ahead of the industry.
    • The number of subscribers to MADI on the East Prairie project has continued to grow steadily which has changed their lives dramatically, and people are ecstatic.
    • Innovation, Science and Economic Development (ISED) of Canada has approved numerous licenses for MADI to extend its reach into communities that currently lack access to high-speed broadband.
    • MADI has had a reliance on high-speed internet that is unprecedented during the Covid-19 pandemic.

    Opportunity for MADI in unserved areas:

    There are millions of Canadians and Americans without access to basic internet services, creating a situation that gives MADI the opportunity to expand its reach and services. By partnering with strategic partners, acquiring multiple spectrum licenses, and developing unmatched patented technologies, Madison (MADI) can meet this extraordinary need for broadband and help bridge this digital divide.

  • How Has The HYDI Stock Appreciated 19% In The Last Session?

    How Has The HYDI Stock Appreciated 19% In The Last Session?

    The stock of Hydromer Inc (OTCPINK: HYDI) surged 18.82% to $1.01 at the previous close. In comparison with its monthly performance of -7.33%, the Hydromer stock has performed -0.98% over the last week. Following its selection as a major coatings supplier, HYDI stock price rose.

    What made HYDI the best choice?

    Hydromer provides innovative surface modification and coatings solutions around the globe. In addition to adding value to their clients’ products, HYDI solutions provide marketing support to help them stand out from the competition. HYDI is a customer-centric organization that strives to meet the needs of its clients innovatively.

    Hydromer announced recently that it had been selected by Avinger as a key coatings and services provider. HMDI was selected to provide coating for Avinger’s intravascular image-guided, catheter-based systems for diagnosing and treating patients with peripheral artery disease (PAD).

    One of Avinger’s best-in-class product lines utilizing Hydromer’s coated products is Pantheris, the world’s first image-guided atherectomy device. Another is Ocelot, the first image-guided CTO crossing device.

    How will HYDI offer its products?

    Avinger’s groundbreaking medical devices will benefit from the hydrophilic coatings and service capabilities offered by Hydromer (HYDI). Hydrophilic coatings from HYDI will enable Avinger’s cutting-edge devices to penetrate deeper, faster, and more accurately into the patient’s vasculature while reducing injury to the inside of the patient’s arteries.

  • How Has The RECAF Stock Appreciated 16% In The Last Session?

    How Has The RECAF Stock Appreciated 16% In The Last Session?

    The stock of Reconnaissance Energy Africa Ltd (OTCQX: RECAF) surged 16.12 percent to $7.7800 at yesterday’s close. The volume of reconnaissance stock was 2.76M, versus its average weekly volume of 934.73K. RECAF stock increased as positive results from the first section of the second well were reported.

    What did the drilling results confirm?

    Reconnaissance is a Canadian oil and gas company working to open the newly discovered Kavango Sedimentary Basin, which lies in the Kalahari Desert of northeastern Namibia and northwest Botswana. There are approximately 8.4 million contiguous acres in RECAF’s petroleum licenses. RECAF is devoted to minimizing disturbances in all of its operations, and it will implement environmentally and socially sustainable practices throughout its project areas.

    On Thursday, Reconnaissance announced that it had installed the intermediate casing in this second well (6-1) and reported geologic results.

    It was once again revealed by RECAF that the Kavango Sedimentary Basin has a functioning petroleum system. As part of its environmental, social, and governance (ESG) program, RECAF is committing at least $10 million (Namibian $112 million) of ESG expenditures in the Kavango region where it operates.

    Operational Activities:

    • RECAF has begun drilling its second well (6-1) in Namibia on May 5, 2021, as part of its commitment to the Namibian government.
    • RECAF’s three-well program in the Kavango Sedimentary Basin continued the evaluation of conventional hydrocarbon systems confirmed in the first well (6-2). 

    Reconnaissance (RECAF) reports 134m (440 feet) of light oil and gas from the 6-1 well, based on initial analysis of this first section. Shows in the RECAF 6-2 well, 16 km to the south, have similar characteristics. Similar to its first well (6-2), RECAF’s second well (6-1) is in the same sub-basin and indicates that a conventional petroleum system is in place.

  • On What Basis Did The QDROF Stock Dropped -7.5%?

    On What Basis Did The QDROF Stock Dropped -7.5%?

    During the past session, Quadro Resources Ltd. (OTCQB: QDROF) shares closed down -7.44% to $0.1119. A total of 104.02K shares traded during the session, with Quadro stock trading between $0.1052 and $0.1119. Following a 16% gain the previous session, the QDROF stock dropped.

    How did QDROF do recently?

    Publicly traded company Quadro explores and develops minerals. A successful and experienced management team leads QDROF in its pursuit of gold exploration in North America. Staghorn is owned by QDROF, and QDROF has an option to earn a 100% stake in Long Lake and Careless Cove in Newfoundland and Labrador.

    It was announced last week that Quadro was conducting soil sampling and prospecting surveys on the Careless Cove property (the “Property”) in east-central Newfoundland, southwest of Glenwood.

    Gold mineralization of up to 11.38g/t Au has been found on the Eastern Block, and 59.413g/t Au has been found on the Western Block by QDROF in its previous work on the two claim blocks. It lies eleven kilometers southwest of New Found Gold’s (“NFG”) Keats Zone in the Central Newfoundland Gold Belt.

    QDROF: what did it find?

    As a result of QDROF’s drilling in that zone, samples have assayed up to 261.3 g/t Au over 7.2m and 146.2 g/t Au over 25.6m. Quadro (QDROF)’s claim licenses surround NFG’s Queensway Project and are located directly west of the Appleton Fault Zone, which hosts mineralization in the Keats Zone.