STOCKS TELEGRAPH

Author: ST Staff

  • What Drove The KULR Stock Up 21% During Last Trading?

    What Drove The KULR Stock Up 21% During Last Trading?

    On Thursday, shares of the leading developer of next-generation lithium-ion battery safety and thermal management technologies, KULR Technology Group Inc [OTCQB: KULR] surged 20.76% to close at $2.8500. Volume of 1.08M shares of the KULR stock surpassed its 30-day Average Volume of 177.82K shares. KULR stock rose after issuance of special permit from the US Department of Transportation.

    What kind of permit was issued?

    A leading developer and manufacturer of next-gen carbon fiber thermal management technologies for batteries and electronic systems, KULR develops, manufactures and licenses these products. As a company rooted in NASA space mission cooling solutions and backed by a strong intellectual property portfolio, KULR provides innovative cooling solutions to industry leaders in aerospace, electronics, energy storage, 5G infrastructure, and electric vehicles.

    The Department of Transportation recently granted KULR a special permit. In keeping with the permit, KULR can transport lithium-ion batteries and metal batteries for recycling.

    KULR is exempt from shipping documents and employee training when shipping lithium batteries with capacities exceeding 300 Watt-Hours under this permit. The permit also authorizes KULR to use its patented thermal runaway shield (TRS) technology in its specially designed thermally protective packaging.

    How was the permit granted?

    The passive propagation resistant (PPR) battery design of KULR and its proprietary internal short circuit testing (ISC) technology are of particular interest to regulatory bodies. KULR continues to support regulatory initiatives that promote the development and safe transportation of lithium batteries, especially at the end of their useful life and in recycling. Since KULR provides space-proven expertise in the design, manufacturing, testing, and development of innovative equipment designed to reduce lithium battery risk.

  • What Led The SILFF Stock To Increase 36%?

    What Led The SILFF Stock To Increase 36%?

    Silo Wellness Inc. (OTCPink: SILFF), a leading global psychedelics company, closed up 36.19 percent at $0.21 in the last session. Silo Wellness stock has been trading between $0.20 and $0.21 throughout the day. SILFF stock closed at a 52-week high on Wednesday, bringing its market cap to $13.04M. SILFF stock rose following the signing of the binding letter of intent (LOI) for a partnership.

    For what purpose was that partnership formed?

    The vision at Silo Wellness is to change the way people view psychedelics by innovating medication delivery systems that make psychedelics easier to administer and consume and to reduce trauma by advancing the use of psychedelic medicine. Through conducting ketamine and psilocybin wellness retreats and manufacturing and distributing functional mushrooms, SILFF intends to introduce new, safe, and inexpensive alternatives to current medicines.

    Silo Wellness yesterday announced signing a binding letter of intent (LOI) with Canadian-based mushroom company Mushe Inc. (“Mushe”).

    • To establish the first legal functional mushroom retail outlet in the Western Hemisphere, SILFF signed an agreement to establish a retail outlet in Jamaica.
    • A psilocybin mushroom farming program, psychedelic wellness retreats, and a patent-pending nasal spray are currently being tested in that region by SILFF.
    • SILFF and Mushe will form this joint venture to operate and develop a “smart retail establishment.”
    • The Smart Shop will sell tinctures, capsules, topicals, and edible mushrooms as well as books and accessories in addition to functional and psychoactive mushroom products.
    • It was announced earlier this year that SILFF had inked an exclusive worldwide licensing agreement with the Marley family for a line of functional and psychedelic mushrooms, which will be sold at the store upon opening.

    What SLIFF will be getting?

    The psychedelics sector as a whole and the functional mushroom category as a major category are both extremely attractive to Silo Wellness (SILFF). In this partnership, SLIFF gains access to Jamaica, which is the only country where psilocybin mushrooms can be cultivated, extracted, and sold.

  • What Drove Duesenberg (DUSYF) Stock Up 29% Last Session?

    What Drove Duesenberg (DUSYF) Stock Up 29% Last Session?

    The stock of Duesenberg Technologies Inc (OTCQB: DUSYF) closed up 29.52 percent on Wednesday at $0.5700 and has been trading between $0.4401 and $0.6000. Duesenberg stock fell -21.92% in the last month while its average daily volume remained 18.09K shares. Forming a new Strategic Committee by the company led to an increase in DUSYF stock price.

    The committee was formed for what reason?

    Founded by investors with experience in the online business and marketing, Duesenberg is the outcome of a collective ambition. DUSYF helps businesses and entrepreneurs turn their ideas and visions into a reality. As part of the Paris Agreement, DUSYF strives to reach climate neutrality across its entire value chain.

    The Development in Energy Transition Goal at Duesenberg promotes energy resiliency. In DUSYF’s strategy, the reduction of greenhouse gas emissions is identified as one of the most important ways to help mitigate the effects of climate change, reduce energy consumption, and improve air quality.

    Late last month, Duesenberg announced that it would create a strategic committee to review and craft an international capital markets strategy with emphasize on Canada and Europe.

    A listing application for DUSYF’s common shares on the Canadian Securities Exchange (“CSE”) is expected to be considered by the strategic committee during its review.

    The objectives of this initiative are to:

    • grow the international shareholder base of DUSYF;
    • promote the growth strategy and accomplishments of DUSYF;
    • increase liquidity of DUSYF’s common shares;
    • raise the profile of DUSYF and
    • increase the value of DUSYF for its shareholders.

    How will this initiative help DUSYF move forward?

    Getting listed on the CSE is a significant step for Duesenberg (DUSYF), which will allow the company to gain a larger shareholder base in Canada and Europe. In order to list on the CSE, DUSYF’s Common Shares must be reviewed, approved and comply with all applicable listing and regulatory requirements.

  • Were There Any Significant Reasons Why The Pershing (PSGR) Stock Increased 26% Last Session?

    Were There Any Significant Reasons Why The Pershing (PSGR) Stock Increased 26% Last Session?

    The market cap of Pershing Resources Company Inc (OTCPK: PSGR) was $14.61M at the close of trading last session after increasing by 25.69% to $0.0504. There are 364.24 million shares outstanding of the pink sheets Pershing stock, vs. 79.44 million shares float. As the PSGR stock has increased when no current news is available, there may be some reason to believe that recent developments will reveal more about the PSGR.

    How has PSGR been recently?

    Exploration company Pershing offers exploration projects in both Arizona and Nevada. The company’s portfolio includes precious and base metal projects. Headquartered in Reno, Nevada PSGR focuses its efforts on exploring and developing New Enterprise and Mohave-Standard properties, which together constitute the New Enterprise project. Mineral Park Porphyry Cu-Mo Mine (about 20 miles to the northwest) and Baghdad Cu-Mo Mine (about 45 miles to the southeast) surround PSGR’s New Enterprise Project.

    Last month, Pershing announced it had amended the terms of the 100% mineral rights interest it holds in its Klondyke and Divide properties as well as the Hot Creek parcel of PSGR’s West Bolo Gold and Silver properties in Nevada.

    Under the amendments, lease/purchase options are provided that have net smelter royalty (NSR) percentage obligations of less than 2% after takeaways for each of these properties, comparable to those provided by PSGR. Compared with the previously amended terms PSGR negotiated with Americas Gold Exploration, Inc., for the company’s West Bolo property, these new terms are comparable.)

    How did PSGR handle these agreements?

    The amended lease agreements will provide Pershing (PSGR) with the right to extend the 20-year term lease/purchase option agreements for the Klondyke and Divide properties as well as the Hot Creek parcel on the West Bolo property. In a recent agreement, PSGR negotiated a reduction of $2,000,000 in the NSR percentage price/cost. Mountain Gold Claims, LLC (MGC), is the exclusive partner of PSGR in the amended agreements for Klondyke and Hot Creek, while PSGR is also the exclusive partner of Blackrock Exploration, LLC. (BRE).

  • On What Basis Did JRSS Stock Rise 43%?

    On What Basis Did JRSS Stock Rise 43%?

    JRSIS Health Care Corp (OTCQX: JRSS) gained 43.46% during the last session to $0.5499, bringing its market value to $6.99M. JRSIS stock traded 34.77K shares, greater than its average daily volume of 27.12K.

    As well, JRSS stock has been fluctuating between $0.3040 and $0.6000. The rise in JRSS stock in the absence of current news allows us to then better analyze the company by looking at recent developments.

    Are things going well at JRSS?

    Florida-based JRSIS provides health care services. Aside from its China branches, JRSS’ principal subsidiaries are the Harbin Jiarun Hospital and two other entities. In addition to providing patients with medical services, such as hospitalization, outpatient, emergency, and examinations, JRSS subsidiaries also provide a broad range of private hospital services.

    JRSIS has recently announced its financial results for the fiscal year ended December 31, 2020.

    Financial Highlights:

    • In fiscal year 2020, revenues posted by JRSS were $35.71 million, up from $31.46 million in fiscal year 2019.
    • The increase in JRSS’ revenue was due to more services being provided to patients.
    • Based on EBITDA of $5.25 million in 2019, JRSS’ 2020 have EBITDA of $9.03 million.
    • Investing activities by JRSS accounted for $8.27 million in 2020, a $3.56 million increase over the previous year.

    Revenue generated by JRSS:

    The revenue recorded by JRSS in 2020 increased by 13% when compared to the revenue of $31,463,433 in 2019. Although, the number of treated inpatients decreased 29% to 14,649, JRSS saw its revenues from patient services increased by 27%.

  • What Caused Iveda (IVDA) Stock To Skyrocket 51%?

    During the last session, Iveda Solutions Inc (OTCPINK: IVDA) surged 51.0% to $0.6200. Iveda stock has ranged from $0.4505 to $0.6200. IVDA stock has market cap is $38.60 million, with 62.25 million shares outstanding. IVDA stock rose as the company is currently working on a multimillion-dollar deal with an airport.

    In what capacity did that contract apply?

    Iveda provides video surveillance systems that are fully integrated with smart sensors and intelligent video search technologies. With its smart devices and Iveda AI intelligent video search technology, IvedaPinpoint and IvedaHome IoT (Internet of Things) platforms, IVDA is a worldwide provider of video surveillance products.

    The IVDA uses programming algorithms and a command center for big data storage. As a Qualified Anti-Terrorism Technology Provider from the US Department of Homeland Security, IVDA has a SAFETY Act Certification. IVDA has a subsidiary in Taiwan and its headquarters are in Mesa, Arizona.

    Iveda recently announced that it had agreed to sign a USD1.5 million agreement with Taiwan Taoyuan International Airport.

    • Taiwan Taoyuan International Airport serves northern Taiwan and Taipei.
    • The airport is Taiwan’s biggest and busiest.
    • The project scope for IVDA will include a power monitoring system for the airport’s 161KVA high voltage transformer station as well as a facility management system expansion.
    • IVDA has expected the project to begin last month.

    What plans does IVDA have?

    Iveda (IVDA) plans to build a new SCADA (supervisory control and data acquisition) system using a metasystem database at the airport in collaboration with Siemens. As part of IVDA’s mission, the goal is to reduce functional limitations and improve alerting systems so anomalies can be detected early.

  • Is This Why The Voyageur (VYYRF) Stock Skyrocketed Last Trading?

    In the last trading session, Voyageur Pharmaceuticals Ltd (OTCPk: VYYRF) closed at $0.1038, an increase of 223.36%. Voyageur stock started the day at $0.1038 against a previous market close of $0.0321. VYYRF stock rose following the news that a 5th license had been issued.

    The license was for what?

    VM is the trading symbol for Voyageur Pharmaceuticals Ltd., a publicly traded company listed on the TSX Venture Exchange. Voyageur focuses on manufacturing active pharmaceutical ingredients (APIs) from barite and iodine. In the near-term, VYYRF  is developing pharmaceutical products that are radio-contrast to barium and iodine.

    In order to grow and create cash flow as quickly as possible, Voyageur plans on using third-party manufacturers of GMP pharmaceutical products in Canada and internationally. In the end, VYYRF intends to build all the necessary infrastructure for manufacturing to be 100% self-sufficient.

    A fifth product from Voyageur has recently received approval from Health Canada (HC). VYYRF obtained the license for its MultiXthick barium sulfate suspension, which can be administered by oral and rectal routes through the gastrointestinal tract and contains 105% w/v insoluble barium sulfate suspension.

    The barium radiographic contrast media products developed by VYYRF are available globally. In total, the following VYYRF products have been licensed:

    1. SmoothX – For CT market
    2. HDX – For Flouroscopy market
    • LDX – For Fluoroscopy market
    1. MultiXthin – For Flouroscopy market
    2. MultiXthick- For Flouroscopy market

     

    For its initial product launch, VYYRF is launching SmoothX. To ensure that its newly-formulated products meet GMP and HC guidelines, Voyageur is currently optimizing the blending formulations and manufacturing procedures.

    Where does VYYRF stand?

    Applications are being submitted to the FDA, and VYYRF’s goal is to obtain a device license from the FDA to coincide with the release of new products. Voyageur (VYYRF) has begun collaborating with Dash Consulting on new, improved CT, MRI and fluoroscopical products.

  • Is There Any Reason As To Why The UMAV Stock Dropped -5%?

    The stock of UAV Corp. (OTCPink: UMAV) plummeted -5.00% yesterday to conclude the session at $0.0665. A total of 41.33K shares of UAV Corp stock were traded on the day, compared to its average volume of 24.08K over the last 30 days. It would seem that no current news has affected the UMAV stock, so recent developments can provide a better understanding of the UMAV stock.

    What happened at UMAV recently?

    Communication Aerospace and Environmental Solutions are the focus of UAV Corp., a Research and Development holding company. Government and commercial clients turn to UMAV researchers to solve transformative problems. A range of topics are being explored at UMAV, including advanced communication, Airship and Drone Technology, and analysis of carbon dioxide (CO2) reduction, new energy processes, biomass conversion, and energy-efficient crop and mining management.

    A binding MOU was signed between Skyborne Technology (STI) of UAV Corp and Gulf Coast State College (GCSC).

    • To advance the technology of the DATT tether-airship, the MOU sought to secure contracts with third parties, including government agencies and commercial companies.
    • In order for its UAS Systems for 1st responders to utilize the technology after disasters, a Broadband wireless network will be applied.
    • An advanced modular semi-rigid design is under construction for the DATT SA 70-12 tether-airship.
    • Currently, aircraft aluminum is used for the hard surfaces of engine, fuel and drone decks. Composite structures can be made from these materials.
    • It is scheduled for June 2021 for the hard structures to be integrated onto the airship.
    • The leak test for the inner envelope (helium structure) will be conducted late June 2021.
    • Flight tests will begin in late summer of 2021 and be performed in three phases.

    In what way will it benefit UMAV?

    As a result of the growing public-private partnership, UAV Corp (UMAV) is already able to achieve greater growth and provides Skyborne Technology and GCSC with unique revenue opportunities. UMAV and Skyborne Technology are gaining momentum thanks to the ongoing support they have received from the GCSC.

  • Is Suntex (SNTX) Stock Price Up This Past Session?

    Suntex Enterprises Inc [OTCPINK: SNTX] stock rose 9.66% to $0.0670 a share at the previous close. More than 178,000 shares of Suntex stock traded against an average volume of 16.76K shares over the past 30 days.

    The SNTX stock has fallen and risen between $0.0022 and $0.5300 during the past 52 weeks. SNTX stock is gaining traction as it has tweeted to provide an update on the company’s progress.

    Did SNTX release that update?

    With a strong focus on the future, Suntex is an innovative U.S.-based company that acquires and develops innovative, emerging products. SNTX is a Nevada-based multi-corporation conglomerate which aims to acquire companies that have a bright future from a variety of industries in order to increase both shareholder and company value.

    Recent news announced by Suntex unveiled that its wholly owned subsidiary, Budding botanicals, has made good on all of its costly machinery, including the production equipment.

    Consequently, SNTX’s Budding Botanicals is virtually debt free due to prudent fiscal policies. As a result of Budding Botanical’s freedom from machinery cost, SNTX has seen its growth maximized. According to SNTX, Budding Botanicals has been able to lower its prices on all products in its online retail location due to lower production costs.

    A commitment from Suntex:

    Suntex (SNTX) stated that budding botanicals is developing a new line of CBD products, aimed at meeting customer demand. Upon the completion of the development process, SNTX committed to making more information available about that exciting new line of products.

  • Avidian (AVGDF) Stock Rose More Than 6%. How Did That Happen?

    The stock of Avidian Gold Corp (OTCQB: AVGDF) climbed modestly and closed at $0.1557 at the previous close rising 6.43%. Avidian stock was up 6.43% over the last week versus a 15.93% monthly rise. As the company extended its non-brokered offer in Canada, AVGDF stock rose.

    How did that placement work out?

    Avidian brings together an experienced team of gold exploration project managers specializing in advanced stage projects in Alaska. The Golden Zone project at AVGDF hosts an indicated gold resource of 267,400 ounces, in addition to an inferred gold resource of 35,900 ounces at NI 43-101. The Amanita and Amanita NE gold properties located next to Kinross’s Fort Knox gold mine in Alaska, and the Jungo gold and copper properties located in Nevada are other projects of AVGDF.

    In an announcement last week, Avidian shared that the TSX Venture Exchange (“TSXV”) had approved a 14-day extension of the closing date for the Company’s private placement announced on April 26, 2021, in order to allow time for subscriptions agreements to be received and processed.

    • The Company is offering common shares issued on a flow-through basis (“FT Shares”) in accordance with the Income Tax Act (Canada).
    • The FT Shares will be sold for $0.18 per share, with gross proceeds up to $2,500,000.
    • In addition to this, the remaining portion of the Offering will encompass the sale of units in the Company (“Units”) at a price of $0.15 per unit.
    • When combined with the sale of FT Shares, the gross proceeds of the offering will reach $6,000,000.
    • These units will feature a common share and half a warrant (a “Warrant”).
    • Full Warrants will entitle the owner to acquire a common share of the Company for a period of thirty-six (36) months at a price of $0.20.

    Did AVGDF say anything else?

    The AVGDF said that it reserves the right to increase its Offerings by 25%. Subject to TSXV approval, Avidian (AVGDF) anticipates closing its offering on or about June 9, 2021.