STOCKS TELEGRAPH

Author: ST Staff

  • What Drove Sparton Resources (SPNRF) Stock Up 96%?

    Sparton Resources Inc (OTCPK-SPNRF), which recorded a 96.47% rise to $0.0613 at the previous close, increased impressively yesterday. Sparton Resources Stock returned -12.55% over the last week of the month, compared to 10.45% of the return over a month. SPNRF stock increased after it announced a summer project work program for 2021.

    How will SPNRF implement field programs?

    Sparton is a mineral exploration company with interests in gold exploration projects near gold mines in eastern Ontario and western Québec, regions that are known for their gold production. Eldorado Gold, which owns the Lamaque Mine in nearby Québec and has discovered a new gold discovery in the Bruell Property, has optioned the property, which hosts a new gold discovery.

    In 2021, Eldorado plans to carry out a vast work program, including drilling later in the year. A focus of the SPNRF’s exploration program is at the Oakes Gold. Poly Metallic Copper is a nearby property and is within striking distance of the Alamos Gold Young Davidson Mine.

    Recent announcements from Sparton include the start of its 2021 field programs in Ontario and Québec, as well as a detailed evaluation of an Ontario polymetallic project.

    Bruell Project Field Program Val D’Or East, Quebec:

    • SPNRF’s Eldorado Gold has embarked on field work at Bruell and plans to complete the comprehensive till / soil survey begun in 2020.
    • As a result of SPNRF’s 2021 work at that location, the entire claim area will be covered.
    • A drilling program could begin in the fall of 2021 after Eldorado completes a detailed geological survey.
    • SPNRF plans to spend $400,000 in 2021 on Bruell activities.

    Oakes Project Area:

    • SPNRF is planning a comprehensive trenching and prospecting program to obtain additional details about the mineralizing system located in the old shaft area.
    • The SPNRF will accomplish detailed work in this area because material similar to that at the west end of the open pit previously mined at the local Young Davidson Mine also exists.
    • Sparton (SPNRF) will test drills later this year in potential favorable zones, if any are identified.

    Copper–Poly Metallic Project:

    Sparton (SPNRF) has agreed to do a detailed evaluation of a property with an existing copper deposit adjacent to Sparton’s claim holdings in the Oakes Project area under an exclusive agreement for one year.

  • Is This Why The SBFM Stock Rose Last Trading?

    The stock of Sunshine Biopharma Inc [OTCPK: SBFM] soared 142.00% to $0.2420 at the previous close. Volume in Sunshine Biopharma stock was 96.69M shares compared with 7.46M shares over the past 30 days. SBFM stock value fluctuated between $0.0015 and $0.3000 during the last 52 weeks. SBFM stock climbed following announcing method of actions for its anti-cancer drug candidate.

    How did that method work?

    Sunshine Biopharma focuses on researching, developing, and commercializing antiviral and oncology drugs. Currently, SBFM is developing an oral treatment for COVID-19 in the area of antiviral drugs. There is no drug that can stop the replication of the virus in sufferers.

    Yesterday, Sunshine Biopharma announced that Adva-27a, the Company’s flagship anticancer drug candidate, had been elucidated for the first time.

    SBFM’s Adva-27a inhibits two cellular processes of P-glycoprotein evasion and Topoisomerase II inhibition. Over 50% of all cancer types increase multidrug resistance by secreting P-glycoprotein.

    Due to the fact that SBFM candidate Adva-27a escapes the efflux pump of P-glycoprotein, it accumulates inside cancer cells and destroys them by inhibiting Topoisomerase II, an enzyme that is frequently employed by cancer cells for multiplication.

    Scope of SBFM’s new drug:

    Adva-27a is able to destroy both populations of cancer cells, rendering cancer treatment more successful. SBFM’s this development could have a huge impact on cancer treatment in general. In the near future, Sunshine Biopharma (SBFM) is likely to offer a new drug to cancer sufferers worldwide.

  • How Did The Patagonia (HGLD) Stock Skyrocketed 350%?

    In the last trading session, Patagonia Gold Corp (OTCPink: HGLD) stock closed at $0.09, an increase of 350.00%. A total of 131.34K shares changed hands during the session, with Patagonia stock price between $0.0793 and $0.10. In order to give a greater understanding of HGLD, we can refer to recent developments in lieu of current news regarding HGLD stock.

    How did the recent events go?

    Listed on the TSX Venture Exchange, Patagonia is a mining and development company. As part of its mission to grow shareholder value, HGLD explores for and develops gold and silver projects in Argentina’s Patagonia region. A major focus of Patagonia is the development of the Cap Oeste underground project and the Calcatreu project in Rio Negro.

    HGLD has mineral rights to over 420 properties in Argentina and Chile, either directly or through subsidiaries or under option agreements. Those holdings make HGLD one of the largest landowners in Santa Cruz Province, Argentina.

    Recent news presented by Patagonia revealed that it has signed definitive agreements to acquire two projects in the Deseado Massif of southern Argentina.

    • A definitive option agreement between HGLD and Mirasol Resources Ltd. & Australis S.A., a subsidiary of Mirasol, was signed on April 15, 2021.
    • According to the agreement, HGLD has the option to purchase an undivided 75% interest in Australis’ Homenaje project in Santa Cruz Province, Argentina.
    • Also on April 15, 2021, HGLD signed a definitive agreement with the Vendors, granting Patagonia a 100% undivided interest in and to Australis’ right to develop the Nico project in Santa Cruz Province, Argentina.

    Where does HGLD go with the projects?

    Achieving Earn-In Obligations under the Option Agreement will allow Patagonia (HGLD) to acquire 75% of working equity in the Homenaje Project over a period of six years.

    On the Homenaje Project, HGLD plans to spend $2,550,000 in exploration expenditures over six years, including 2,500 meters of drilling.

  • How Has The Chalice (GLDFF) Stock Appreciated 2200% In The Last Session?

    In yesterday’s close, stock of premier consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, Chalice Brands Ltd. (OTCQB: GLDFF) appreciated by 2237% to $1.0984.

    There were 3.91M shares of Chalice stock traded against its Average Weekly Volume of 801.98K shares. Following the release of its results for the first quarter of 2021, GLDFF stock trended upward.

    In the reported quarter, how did the GLDFF perform?

    Chalice Brands Ltd. was formerly known as Golden Leaf Holdings Ltd. With seven dispensaries in Portland, Oregon, Chalice is a premier consumer-driven cannabis company focused on production, processing, wholesale, distribution, and retail. With an emphasis on health and wellness, GLDFF is committed to building a dynamic portfolio built around Chalice Farms’ recognized brands. Through Fifth and Root, GLDFF operates across the nation and in Oregon and California.

    Chalice released its financial and operating results for the first quarter of 2021 yesterday.

    Q1 2021 Financial Highlights:

    • GLDFF recorded quarterly revenues of $5.5 million represent an 18% increase year-over-year over last year’s $4.7 million.
    • GLDFF posted a gross profit of $2.5 million in Q1 2021, or 45% gross margin, compared with $1.7 million or 37% gross margin in 2020.
    • In addition to the higher gross margins, Chalice also saw an increase in retail sales of its own Bald Peak flower, contributing 6.5% to the increase.
    • Approximately $370,000 or 70% of Oregon’s EBITDA was adjusted in Q4 2020, demonstrating that GLDFF was s able to cover its overhead costs.

    Other things to know about GLDFF:

    GLDFF recently signed a letter of intent for a transformational acquisition of five retail locations of Homegrown Oregon.

    Through optimization and vertical integration, Homegrown’s annual revenues will grow 50% to $11 million and the Adjusted EBITDA will rise by over $2 million.

    About 80% of the stake in Fifth & Root, an American CBD skincare franchise with more than 400 retail stores, was acquired by GLDFF on April 8, 2021.

  • Why Did The NFI (NFYEF) Stock Rise In Last Trading?

    In the last session, leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, NFI Group Inc (OTCPink: NFYEF) closed at $21.240, seeing a rise of 1.43% that increased the company’s market capitalization to $1.51B.

    In recent trading sessions, NFI stock has been trading between $20.050 and $22.470, with 70.99M of its shares outstanding. After a partnership in the UK achieved a milestone last week, NFYEF stock remained volatile.

    What was that milestone?

    In the global electrification of mass mobility, NFI leverages the combined experience of 450 years. The NFYEF’s scalable smart mobility solutions include zero-emission buses, coach vehicles, infrastructure, and technology. By enabling a connected, clean, and sustainable transportation system, NFYEF is making cities more livable.

    NFI recently announced that its subsidiary, Alexander Dennis Limited (ADL), the UK’s leading electric bus company, has delivered its 500th electric bus in collaboration with BYD UK.

    • A zero-emission double-deck Enviro400 will be the 500th electric bus to join the fleet of the partnership’s original customer, Go ahead London, coming in less than five years after its first battery-electric bus was delivered.
    • BYD-ADL’s partnership has already accepted orders to build 500 electric buses for public transit operators in the UK, as the shift to zero-emission transport accelerates.
    • The partnership is on track to deliver over 1,000 zero-emission vehicles over the next 12 months, underscoring the UK’s leadership in the zero-emission vehicle market.

    In terms of NFI’s future strategies,

    NFI (NFYEF) continues to test automated vehicle technology and remains dedicated to the development of technology standards that will enable communities to move in a safe, sustainable, effective manner. NFYEF also has an Infrastructure Solutions team that provides safe and reliable infrastructure services for sustainable mobility projects which has installed more than 200 chargers to date.

  • What Happened To Make B2Digital (BTDG) Stock Rise 9%?

    The premier development league for mixed martial arts (“MMA”), B2Digital Inc (OTCPk: BTDG) closed on Monday at $0.0050, up 8.70 percent. B2Digital stock has been trading between $0.0051 and $0.0043 during the day.

    Over the last 12 months, BTDG stock gained 66.67% with a high of $0.0350 and a $6.13M market cap. BTDG stock has been rising after an acquisition last week.

    Which acquisition did BTDG make?

    With extensive experience in entertainment, television, video, and technology, B2Digital is now forging ahead and expanding into the live event sports arena. BTDG intends to develop champions from its B2 Fighting Series brand that will go on to compete in major MMA leagues across the country. B2 Fighting Series or B2FS, was developed and deployed by BTDG.

    In addition, event management, digital distribution, social media marketing, PPV, digital ticketing, merchandise sales, FTV (Free to View), digital marketing, financial program control, and brand management are included. B2Digital Company owns all of the rights for the B2Digital companies related to programming, internet, social media, marketing, merchandising and naming, and branding.

    The business purchase agreement between B2Digital and Club Fitness, Inc., an Alabama corporation located in Birmingham, Alabama, was closed last week.

    • BTDG has been acquiring Club Fitness under the Agreement, including ownership of all of its business assets, such as customer relationships, revenue streams, infrastructure, fitness facility equipment, and equipment for existing fitness facilities.
    • The fitness facility will become the fifth “One More Gym” facility owned and operated by BTDG under the company’s B2 Fighting Series brand, which is a combat sports training and fitness facility linked to the other B2 Fighting Series locations.
    • To fully integrate the facility into the B2 Training Facilities Network, BTDG plans to renovate it and add training areas for Jiu-Jitsu, Boxing, and MMA.

    Is the acquisition beneficial to BTDG?

    One More Gym and B2 Fighting Series work together effectively to create a strong synergy that helps BTDG deliver long-term shareholder value. The acquisition will also help B2Digital (BTDG) create a high-impact marketing channel for aspiring fighters and MMA fans by offering a platform for fighter development.

  • Why Did VPRB Stock Lost 28%?

    On Monday, VPR Brands LP (OTCPink: VPRB) dropped -27.84 percent to $0.0451 and has been trading in a range of $0.0451 to $0.0640 all day. VPR Brands slipped -28.41% in the last month on an average volume of 254,280 shares. VPRB stock seems to have corrected after gaining traction following the release of its quarter-end results.

    In what way did VPRB perform this quarter?

    VPR Brands is a technology company, its assets include issued U.S. and Chinese patents for atomizers, electronic cigarettes, and lighters, and vaporizes medical marijuana. VPRB is also engaged in product development for the vaporizers and electronic cigarettes markets, which utilize atomized or vaporized nicotine or cannabis that exceeds the standards of traditional products without the smoke and other chemicals that are typically present in those products.

    VPR Brands reported increased revenues and a narrower net loss for the first quarter of 2021.

    • VPRB achieved an increase of approximately 209% in revenues to $1.25 million for its latest quarterly report.
    • In the reported quarter, VPRB made less of the losses as it reduced the net loss from $421,590 in 2020 to $101,651 in 2021.
    • In addition, VPRB’s gross operating margins improved to 43% in the first quarter of 2021 from 35% in the first quarter of 2020.

    Conclusion:

    VPR Brands (VPRB) gained more than 40% after its quarterly results were released last Friday, but investors took the profit on Monday, making a large chunk of that gain disappear. It is likely that the impressive results will settle the VPRB stock price higher than the level prior to the release of financials.

  • Were There Any Significant Reasons Why The Ackroo (AKRFF) Stock Increased 14% Last Session?

    Last session, the loyalty marketing, payments, and point-of-sale technology and services provider, Ackroo Inc (OTCPink: AKRFF) was trading at $0.2290 after seeing a price increase of 14.61%, bringing the company’s market capitalization to $25.17M.

    Against a previous closing price of $0.1998, Ackroo stock opened the trading at $0.2290 which remained unchanged throughout the session. AKRFF stock has been rising due to an acquisition deal.

    What was that deal about?

    Providing marketing, payment and point-of-sale solutions for merchants of all sizes, Ackroo consolidates vendors and industries. AKRFF’s self-serve, data-driven, cloud-based marketing platform enables merchants to manage loyalty programs, gift cards, and promotions in-store and online to increase customer loyalty and customer engagement, as well as revenue and margin. Merchants can take advantage of AKRFF’s payment processing options to deal with some of the world’s largest payment technology and service providers at low cost.

    It has recently been announced that Ackroo Canada, Inc., a wholly-owned subsidiary of AKRFF, has signed a definitive asset purchase contract to acquire InterActive DMS (“IDMS”).

    • Independent car dealers across the U.S. rely on IDMS for their management and web solutions.
    • AckrooMKTG, AckrooPAY and AckrooPOS have a total of over 750 clients in this segment and are used by over 150 dealers.
    • In this deal, Ackroo acquired its eleventh acquisition and its first purchase of automotive point-of-sale software.

    How will the transaction be executed?

    • There is a total consideration of $900,000 for AKRFF’s this acquisition.
    • In order to close the transaction effectively, AKRFF will pay $600,000 at close of the deal and an additional $300,000 less any working capital adjustments will become due 90 days later.
    • AKRFF expects the transaction to be completing on May 31st, 2021.
    • With regards to the acquisition, Ackroo (AKRFF) has a neutral relationship with the Vendor; resultantly it will not cost AKRFF any finders’ fees or commissions.

  • Is This Why The Obitx (OBTX) Stock Rose Last Trading?

    As of the previous close, shares of the industry leader in blockchain development, engineering, and consulting Obitx Inc (OTCPk: OBTX) have spiked by 24% to $2.7900. On a monthly basis, Obitx stock is down -7% versus a loss of -1.76% in last week. News of company’s rebranding led to a jump in the OBTX stock price.

    An overview of the name change:

    Obitx is a consulting and services organization located in Fleming Island, Florida. OBTX focuses on decentralized processing and blockchain technologies.

    Yesterday, Obitx announced that it has changed its name to Everything Blockchain, Inc.

    • As of May 19, 2021, OBTX has filed required documents with the state of Delaware.
    • In order to update its ticker symbol and name, OBTX will submit a filing to FINRA.
    • A final notification and approval from FINRA will be required for OBTX to announce its effective date.
    • No changes have been made to OBTX’s board or staff.
    • This move reflects a concerted effort by OBTX to expand globally and create a brand that reflects their future.
    • Having this rebranding will enable OBTX to offer a better consumer experience.

    The strategy is designed to help OBTX move forward:

    In addition to reflecting OBTX’s evolution, the rebranding reflects its future vision. Obitx (OBTX) has also been redesigning its logo and plans to launch a new website in June 2021. OBTX will emphasize its focus on expanding its product lines and blockchain-based services in the new logo.

  • The Stock Price Of ISWH Increased By 7% On What Basis?

    During the last trading session, Stock of the global brand management holdings company with commercial operations in Telehealth and Renewable Energy Cryptocurrency Mining, ISW Holdings Inc (OTC: ISWH) rose 7.71% to $0.3700.

    Price of ISW Holdings stock ranged from $0.3450 to $0.4000 during the session, and 628.45K of its shares traded. An announcement of a upcoming hashing project led to a spike in the ISWH stock price.

    ISWH is to begin hashing?

    Nevada-based ISW Holdings is a diversified portfolio company composed of business lines that serve the consumer product market. Brand development expertise, along with our early growth facilitation and brand identity development process, are what ISWH specializes in.

    ISWH aims to provide a structural platform that satisfies scalability and market expectations in concert with its partners. Various strategic and innovative processes enable ISWH to provide these services. A spectrum of disruptive industries is served by ISWH’s brand creation and management.

    ISW Holdings announced yesterday that it will begin mining cryptocurrency this week for Bit5ive LLC, a Pennsylvania-based project.

    • With Bitcoin pricing above the mid-$20k’s, ISWH is projected to turn a clear profit.
    • ISWH is on its way to monetizing its investment with a comfortable cushion of profitability on operations, even after the recent correction.
    • Robert Callazo of Bit5ive and John Pierce of ISW Holdings discussed this and several other interesting topics in a recent episode of the Waypoint Podcast.

    Management of ISWH noted what?

    It was noted by ISW Holdings (ISWH) Management that pods owned and operated by the company would have competitive prices. In addition to its role in Bit5ive’s coordinated mining pool, ISWH will also join the Bitmain mining pool.