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  • How Did Camber Energy (CEI) Stock Rise Today?

    How Did Camber Energy (CEI) Stock Rise Today?

    Camber Energy, Inc. (NYSE: CEI) shares are ascending on the financial charts within the current market, experiencing an impressive upswing of 26.25% to reach a valuation of $0.3107.

    Notwithstanding its inclusion in the roster of most significant decliners over the preceding 12 months, registering a substantial plummet of nearly 96%, the Camber Energy stock has witnessed a remarkable resurgence, surging by over 46% throughout the course of the previous week.

    This remarkable resurgence in the valuation of CEI stock can be attributed to the recent conclusion of a distribution agreement involving its subsidiary based in the United Kingdom.

    Camber Energy (CEI) yesterday made a significant announcement regarding its majority-owned subsidiary under the umbrella of Viking Energy Group. The Viking-subsidiary Simson-Maxwell Ltd. has entered into a Manufacturer’s Representative Agreement (MRA).

    Under the terms of this agreement, Simson-Maxwell Ltd. has appointed Planeteq Limited as the exclusive distributor for Viking Ozone Technology, LLC’s proprietary ozone waste treatment systems in the United Kingdom.

    Planeteq is a UK-based company that specializes in the design of sustainable technological solutions aimed at assisting businesses in waste reduction and enhancing energy efficiency.

    Notably, Planeteq holds approval as a vendor within the National Health Service Trust (NHS), which oversees the management of approximately 1,000 hospitals across the United Kingdom.

    The decision to partner with Planeteq followed an extensive evaluation process conducted over several months, during which Planeteq meticulously examined Viking Ozone’s technology.

    This evaluation involved close collaboration with Viking Ozone’s technical team and numerous interactions with representatives from specific hospitals within the NHS network.

    Planeteq holds the firm belief that Viking’s technology represents an innovative and highly effective solution to address the prevailing waste treatment challenges faced by NHS-affiliated hospitals and private-sector entities alike. Furthermore, Planeteq expects this technology to be a crucial part of the NHS’s efforts to achieve Net Zero.

    Last week, Camber Energy (CEI) was awarded a patent from the United States Patent and Trademark Office (USPTO). This patent, titled “Electric Transmission Line Ground Fault Prevention Systems Using Dual, High Sensitivity Monitoring Devices,” has been granted to a majority-owned subsidiary of Viking Energy.

    This novel patent forms a crucial component of an extensive intellectual property portfolio held by Viking Protection Systems, LLC, as well as their collaborative partners within joint ventures.

    This portfolio has been integrated into Open Conductor Detection technologies, which have been meticulously designed to identify unsafe and hazardous conditions in electric transmission and distribution lines, irrespective of their length or voltage capacity.

  • Best Penny Stocks For Under To Invest In

    Best Penny Stocks For Under $1 To Invest In

    In the world of stocks, investors have at their disposal a whole range of asset classes to choose from. While some prefer large-cap stocks for the stability they typically offer, many prefer cheap penny stocks that hold the potential to undertake wild swings.

    The smart investor, however, aims for a balanced portfolio that contains a healthy mix of stocks, including the notorious penny stock category. Penny stocks that trade for under $1 are becoming extremely popular amongst a growing generation of investors.

    This in large part has come about following recent phenomena that have seen such stocks explode following immense market hype. In light of this, therefore, we bring forward, in this article a list of five highly promising penny stocks that are presently priced beneath the $1 mark. Each of these holds immense potential, allowing your portfolio to rapidly grow in the following weeks and months.

    Mullen Automotive

    We start off our list of penny stocks for under $1 with one of the most hyped-up stocks in the market, Mullen Automotive Inc. (NASDAQ: MULN). The stock has gathered a large fan following amongst market participants given the tremendous gains it had seen in the last few months, which pushed it up as high as almost $16. At present, MULN trades at $0.72, given market pessimism surrounding emerging players, and the wider macroeconomic headwinds.

    The most high-potential aspect associated with Mullen is its incredible solid-state polymer batteries. Earlier when the company announced battery test results, the market had been taken by storm. These tests had been conducted by the renowned, Battery Innovation Center, a state-of-the-art institute that works together with leading universities and commercial enterprises. The Mullen battery technology offers fast charging and high-energy density all within a compact size. Through this, a 150-kilowatt-hour Mullen battery can run an EV for as much as 600 miles. Even more impressive is that these solid-state batteries offer a far higher degree of safety than lithium-ion cells, as used by Tesla Inc.

    Even at this early stage, the Mullen leadership has confirmed a hefty order by a major Fortune 500 company for electric vehicle vans. Similarly, it has signed an order for 600 electric cargo vans with DelPack Logistics, a major Amazon Delivery Services Partner.

    Mullen is still in a grey area in its present timeline as to when it will achieve these ambitious objectives. However, what remains certain is that the market will be rapid in its response as emerging catalysts come to pass.

    Integra Resources Corporation

    Next, we move on to Integra Resources Corp. (AMEX: ITRG), a mineral resources company. The stock is presently trading at $0.66, after having plummeted by over 73% in the last 12 months. Inflation had increased the costs of production in the industry and had also seen a lowering of precious metal prices in the last year, leading to poor sentiment across the market. Integra suffered too, given these results, with its recent quarterly EPS for June 2022 falling by a staggering 58% on a year-on-year basis.

    Although the headwinds similarly impacted the fundamentals of the wider precious metals and minerals industry as a whole, no other stock had seen a plummet as sharp as that of ITRG. Given the panic selling that the stock had gotten caught up in, there is ample reason to believe the stock is now significantly undervalued.

    Similarly, a new financing announcement has significantly propped up the company’s prospects, putting it closer to the path towards financial sustainability. The arrangement includes $10 million of debt and a convertible agreement of up to $20 million. The news comes as a relief to distraught shareholders, as the company now has sufficient capital to complete its 15km drill program. This liquidity boost further allows the company to enhance its profitability by focusing on areas that had held its business down.

    Camber Energy Inc.

    Number three on our list of penny stocks for under $1 is the oil and gas company, Camber Energy Inc. (AMEX: CEI). The stock is one like many in the industry, that had taken a beating in this year’s bear market, falling 60% since the start of 2022. The last five years have been hard on the company, especially since its strategic shift and expansion towards shallow oil and gas reserves. Despite this offering lower-risk production portfolios that have a longer lifecycle, the industry remained too saturated with better-equipped competitors.

    However, a turnaround seems to be on the way for CEI, with the management announcing some fundamental changes to its business approach. For one, Camber now focuses on serious restructuring and cost elimination, which will streamline operations and optimize efficiency.

    Moreover, Camber’s fully-owned subsidiary since February 2022, Viking Energy also brings in good news, which suggests CEI’s undervaluation. The company’s Bottom Cycle Power System, along with its carbon capture technology is officially under patent. The milestone gives Viking a substantial entry point in the clean energy market, allowing its technology to be licensed and sold to third-party players. Camber stands to gain with these developments and could be seeing a turning point in its price trajectory.

    To add, its subsidiary, Viking has been reporting consistently improving fundamentals. After its loss of over $41 million in 2020, the company posted a net income figure of $1.3 million, in 2021. All of these factors point to the immense opportunity Camber shareholders face, making the stock’s present price an incredible bargain.

    Argonaut Gold Inc.

    The fourth penny stock for under $1 we present is of the Canadian gold miner Argonaut Gold Inc. (OTC: ARNGF). Argonaut is a classic example of a stock with a price that is far beneath its intrinsic value. This typically happens when the market is in a state of irrational panic that is not in line with fundamentals. In terms of Argonaut, the company in its recent annual results had seen its top and bottom lines climb by 36.6% and an incredible 86.7% respectively.

    2022, with all its macroeconomic headwinds, brought its fair share of challenges to the company, with its recent quarterly revenue seeing a year-on-year decline of 7%. These short-term obstacles hardly justify the over 83% drop that the last 12 months delivered to the stock. As per the company’s recent report, its balance sheet portrays present cash holdings of over $75 million. For a company operating at the scale of Argonaut, this is highly sufficient at allowing the company to explore lucrative options, whilst also strengthening its position within the gold market. For this reason, we here at Stocks Telegraph believe that Argonaut was aggressively oversold in the past, and is imminently due for an upside correction.

    Inuvo Inc.

    The final stock on our list of penny stocks for under $1 is that of Inuvo Inc., (AMEX: INUV) a US-based tech company. The stock is perhaps the most innovative and potentially revolutionary on this list, in what it offers. Inuvo brings digital marketing into the realm of AI. Inuvo’s patented digital advertising platform, IntentKey, uses AI technology to generate anonymous signals. These signals guide advertisements to their most optimal placement zones. This technology holds immense promise, given privacy concerns surrounding cookie technology throughout web browsers. This patented technology remains Inuvo’s greatest asset, considering the wider ‘cookie crumbles’ that could send shockwaves across the digital advertisement industry.

    The market has been responding to this crucial technology with overwhelming acceptance. In its first-quarter results, the company netted sales of $18.6 million. This figure represented a whopping 75% year-on-year rise, indicating the rapid nature of Inuvo’s market capture.

    INUV represents an opportunity that remains too good to ignore. Those early in catching this train will likely benefit tremendously given the scale of digital advertising, as well as the company’s unique competitive advantage. There is no telling as to how high this bird will fly in the long term.

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    Conclusion

    Penny stocks for under $1 are one investment class that many market participants turn to, in anticipation of a rapid growth explosion. Despite risks of high volatility and unpredictable future projections, many cannot resist including low-price penny stocks within their portfolios.

    Even the most seasoned of investors seek to diversify their holdings through the inclusion of promising penny stocks, which could bring their portfolio to soaring new heights. Each of the stocks mentioned in this list holds immense growth potential and could bring your portfolio soar to new heights.

  • Camber Energy Inc. (CEI) Trades in the Green on Oil Prices Rebound on New Developments

    Remaining highly volatile and fluctuating up and down with energy prices, Camber Energy Inc. (CEI) is once again on the rise as oil prices rebound.

    Source: Minute Mirror

    On April 26, oil prices saw a rebound after plummeting to their lowest in two weeks. This uptick in oil prices resulted in CEI stock trading higher in the after-hours while it suffered losses in the prior session. The stock after losing 4.33% in regular trading, reached $0.82 apiece as it added 7.14% in the after-hours. An active volume of 1.37 million shares was responsible for the rebound in the stock.

    There is no recent announcement from the company.

    Let’s have a look at the situation

    Tuesday proved to be a difficult day for all indices as all of them closed lower except the S&P 500 energy index. The index rose 0.05% as oil prices rebounded after slumping down in the past weeks.

    Earlier, oil and energy prices had been rallying huge due to tight supplies stemming from the Russian invasion of Ukraine. The global energy demand outlook due to prolonged Covid-19 lockdowns in China, the second-largest economy in the world, and the spiking interest rates in the U.S. in recent weeks had been raising concerns that gave a blow to oil prices.

    But thanks to reports stating China’s plans to support its economy against the Covid-19 lockdown and added sanctions on Russian energy imports, oil prices saw a rebound on Tuesday. Further reports stated that the Russian gas supply to Poland would be halted Wednesday, indicating an escalation of tensions between Russia, Ukraine, and the West.

    Hence, with oil prices once again on the rise, many energy sector stocks particularly oil and gas also saw a rebound on Tuesday.

    CEI and Oil & Gas Prices

    CEI being an oil and gas stock below $5 i.e. penny stock, has been actively moving up and down with the slightest change in oil prices. Early in 2022, as oil prices surged to new highs, CEI also amassed huge gains which were then followed by losses as the oil prices started going down on rising tensions.

    Currently, the stock is once again responding to the uptick in oil prices as there is no news from the company to suggest otherwise.

    CEI’s Outlook

    Despite being an active penny stock, CEI has been raising some concerns regarding its listing on the NYSE. Having long been in non-compliance with NYSE due to the late filing of its financial reports, the company has been on an acquisition spree without disclosing the associated dilution and plans regarding capitalizing on the acquisitions. The company now has roughly three weeks to file its delayed reports.

    On the other hand, with as much as $100 million in financing from an institutional investor, CEI has much flexibility to continue growth.

  • Update on Redeemed Preferred Shares: Camber Energy, Inc. (CEI) Stock Plummeting Premarket.

    Camber Energy, Inc. (CEI) is the major provider of exclusive energy & power solutions to commercial and industrial customers as it is a growth-adapted diversified energy enterprise. Its subsidiary also holds a proprietary license for a carbon-capture system in Canada.

    CEI stock price in the regular trading on March 11, 2022, with a drop of 14.2% was $0.91. Its price further plunged by 13.82% at the last check of the premarket session of March 14, 2022.

    CEI: Events and Happenings

    On March 11, 2022, CEI reported that it redeemed 2,636 preferred stock shares on March 10. These shares were earlier issued on December 31, 2021, by the company in terms of a $100 million financing obligation from an investor. On February 17, 2022, CEI updated that its subsidiary had acquired 51% interest in units that own the intellectual rights to exclusive Electric Transmission and Distribution Open Conductor Detection Platforms. It is used for the detection of the breakage in transmission or distribution line, and timely close the power to the line.

    On February 15, 2022, CEI announced the acquisition of 51% interest in two units that possess the intellectual rights to exclusive Electric Transmission and Distribution Open Conductor Detection Platforms by its majority-owned subsidiary. The acquisition price was approximately $21 million with $5million payable in shares on closing.

    CEI: Key Financials

    On December 18, 2020, CEI released its financial report for the second quarter of 2021 ended September 30, 2020. Some important features are mentioned here.

    Revenue

    Total revenues in Q2 2021 were $0.05 million against $0.09 million for the same period of 2019.

    EPS

    Basic and diluted net loss per share in Q2 2021 was $2.05 million or $0.19 corresponding to $0.27 million or $4.4 in the same quarter of 2019.

    Conclusion

    CEI stock is 2% up year-to-date and 41% down the past six months. Its stock is plunging in Monday’s premarket session as the company updated on the redemption of its preferred shares. The management of the company stated the redemption process as providing it with optionality.

  • Camber Energy Inc. (CEI) Surges Premarket Upon the Impact of Russia-Ukraine Conflict on the Industry

    On March 07, Camber Energy Inc. (CEI) stock surge further in the premarket as the Russia-Ukraine conflict continue to impact the industry. At the last check, the stock was trading at a value of $1.05 per share in the premarket.

    In the previous trading session on Friday, the stock was able to add a good 31.94%. At a heavy volume of 187.89 million shares, the stock closed the session at a price of $0.78 per share. At the time of writing, CEI stock had increased by a further 34.62% in the premarket as 8.7 million shares exchanged hands, on Monday.

    The independent oil and natural gas company, Camber Energy Inc. is based in Houston, TX. With a market capitalization of $195 million, currently, the company has 104.2 million shares outstanding.

    What’s up with CEI?

    CEI stock has remained highly volatile over the past few weeks as the Russia-Ukraine conflict continued to impact the energy industry. The supply-chain constraints due to sanctions against the biggest oil supplier, Russia have caused a hike in energy prices. Thus, causing the stock to see sudden bursts of gains followed by profit booking and corrections.

    Source: Global Trade Review

    On Monday, early morning bbc.com reported an upsurge in the price of crude oil as it reached its highest level since 2008. As per the report, U.S. Secretary of State, Antony Blinken said that the government and its allies are discussing a possible ban on oil supplies from Russia. The worrisome situation causing a hike in energy prices has the stock markets going bonkers. While most share markets saw a downfall recently, certain energy stocks did enjoy some good gains. Among the gainers, CEI also enjoyed some nice gains on Friday and so far continued to do in today’s premarket session.

    In the past five days, the stock has added 10.01% while increasing by a good 44.44% last month.

    Company News

    Recently, the company announced the acquisition of 51% interested in certain entities by its subsidiary, Viking Energy Group, Inc. Those entities own intellectual property rights to proprietary Electric Transmission and Distribution Open Conductor Detection Systems. The fully developed, patent-pending systems detect a break in the transmission line, distributions line, or coupling failure. Furthermore, it immediately terminates the power to the line before the issue reaches the ground.

    Previously, on February 15, CEI also reported receiving an extension till April 1, 2022, from NYSE to submit its outstanding delayed financial reports.

  • Camber Energy Inc. (CEI) stock Continues to Rise Premarket. Any Reasons?

    Camber Energy Inc. (CEI) stock Continues to Rise Premarket. Any Reasons?

    On February 24, Camber Energy Inc. (CEI) stock continued to rise in the premarket while there is no official news or SEC filing. The company’s latest news date back to February 17, 2022, regarding its subsidiary’s acquisition.

    In the previous trading session, CEI stock was able to add a good 30.51% at a heavy volume of 94.64 million. CEI stock closed the session at $0.59 after fluctuating between $0.46 and $0.65. At the last check, in the premarket, the stock had added a further 45.99% on Thursday. Thus, CEI stock was trading at $0.87 apiece in the premarket, at the time of writing. Due to low before-hours volume, the current stock movement is highly volatile as its keeps fluctuating in a matter of seconds. But so far the stock seems to be enjoying good favor from investors.

    The independent oil and natural gas company, Camber Energy Inc. was founded in 2003. Currently, the company’s 104.2 million outstanding shares trade at a market capitalization of $113.75 million.

    What is Happening?

    On February 22, CEI stock suffered a downfall as it reached a low of $0.45 and closed the session just above the low at $0.46. The stock had plunged down to such a low after nearly 6 months (minus a week). While there is no official news or SEC filing, it seems the recent low price of the stock is responsible for the current uptrend. Most likely investors found the low price a good opportunity to buy the stock as the company continues to work for regaining compliance with NYSE due to its delayed financial reports. Furthermore, external factors like social media discussion and stock sentiment might also have a hand in the recent uptrend.

    Currently, CEI stock stands at a year-to-date loss of 30.14% while it subtracted a huge 60.15% last year.

    CEI Company News

    On February 15, the company announced the acquisition by its majority-owned subsidiary, Viking Energy Group Inc. Viking acquired a 51% interest in two entities that own IP rights to proprietary Electric Transmission and Distribution Open Conductor Detection Systems. The proprietary system is fully developed, pending patent, and ready for market. It is designed to detect a break in a transmission line, distribution line, or coupling failure. And to terminate the power to the line before it reaches the ground. As per February 17’s announcement, the founders of the proprietary system are recognized leaders in the energy sector.

    Moreover, CEI also announced that the NYSE has accepted its request for an extension to file its delayed financial reports. Thus, the company has until April 1, 2022, to file the reports.

  • Camber Energy, In. (CEI) stock Plunges Further Deep After Hours. Reasons?

    Camber Energy, In. (CEI) stock went down by a further 6.93% in the after-hours following the announcement of a letter from the NYSE. It is the second time that the company had asked for a further extension from the NYSE for filing its Forms.

    In the regular session, the stock lost 3.81% at a volume of 20.74 million shares. After closing at $1.01, the stock fell down to $0.94 in the after-hours at 4.07 million shares.

    The oil and natural gas company, Camber Energy, In. (CEI) has a market capitalization of $262.5 million. Currently, the company has 104.2 million shares outstanding in the market.

    What is happening?

    CEI is in non-compliance with the NYSE’s listing standards.  Not only has it failed to file the required forms in the original timeframe but also the extended one. Recently, the company requested the NYSE for another extension, the response to which was disclosed on Monday. Following the announcement, the stock went further down in the after-hours.

    In the past five sessions, the stock has lost 2.88% of its value, Moreover, CEI has subtracted 30.34% last month and 34.38% in the past three months. Currently, the year-to-date gain for the stock stands at 9.39%.

    CEI’s Non-Compliance of NYSE

    The company has failed to file certain reports on time, due to which it is in non-compliance with the NYSE’s listing standards. These include: a) Form 10-K for the nine months ended on December 31, 2020; b) Form 10-Q for the quarter ended on March 31, 2021; and c) Form 10-Q for the quarter ended on June 30, 2021. Hence, CEI has failed to be in compliance with the NYSE’s Section 1007.

    Initially, the company was supposed to file the reports on or before November 19, but it failed to do so. Subsequently, CEI requested an extension to file the reports, which was granted. According to the extended duration, CEI was supposed to file the reports on or before December 17, 2021. Moreover, the company was unable to file the required reports on the given date once again. Hence, as previously intended, CEI requested further extension.

    On December 20, CEI received the NYSE’s response to the extension request. According to this, NYSE granted the company until January 14, 2022, to file the required reports.

    While CEI intends to file the reports within the recently given timeframe, it did declare its intention to request a further extension in case it failed to. Accordingly, CEI might ask for further extension up to May 20, 2022.

  • Camber Energy Inc. (CEI) stock rises, here’s what you should know

    The shares of Camber Energy Inc. (CEI) slightly gained value in the pre market trading session. The change of $0.12 occurred which lead it to reach $1.23. This is a change of 10.82% from the previously closed value of the stock. In the last trading session the stock closed at $1.11. The average volume of shares traded in the market was approx. 200.49 million.

    The class action lawsuit on behalf of the investors:

    The law offices of Frank R. Cruz on 15 November, 2021 announced they are filing securities class action lawsuit on behalf of the investors of Camber Energy Inc. (CEI).

    The complaint filed by the law firmalleges that during the specific time period, the company issued technically false and/or misleading statements and/or failed to disclose that:

    • Camber overestimated the financial and operationforecasting of the Viking as well as the combined company post-merger.
    • Camber went wrong to apprise investors of, and/or mislead, the fact that its acquisition of a controlling interest in Viking would worsen the Company’s lawless financial statements and listing obligations with the New York Stock Exchange.
    • An institutional investor was messing with Camber’s stock at a significant rate following the Company’s July 12, 2021 update regarding the number of its shares of common stock issued and as well as outstanding
    • So due to these reasons the Company’s public statements were technically false and misleading for the investors all this times.

    For investors:

    Investors can register themselves on the portal of the law firm, where they can track the direction and lifecycle of the case in the future. There is no cost or obligation for shareholders if they register themselves on the portal of The Law Offices of Frank R. Cruz. This is only for the shareholder or investors who purchased the shares of Camber Energy Inc. (CEI) in that specific time frame.

    Conclusion:

    The law firm is taking the company to the court with some serious allegations on behalf of the investors. The share price of the stock almost lost its value by half which cost the investors a hefty amount of money. If the Camber Energy Inc. (CEI) failed to produce some solid evidence then it would have some serious effect on the stock. The company is yet to release its result of third quarter.

  • Camber Energy Inc. (CEI) stock surged in the premarket trading session; find out

    In the pre-market trading session at last check, Camber Energy Inc. (CEI stock) shares surged by 1.34% to trade at the price of $0.55. CEI stock previously closed the session on Thursday with a gain of 0.75% to $0.55. The CEI stock volume traded 93.9 million shares, while the average daily volume for the past 50 days is 12.57 million shares. In the past year up to date, CEI stockhas dropped by -40.89% and in the past week, they moved down by -4.71%. In the past three and six months, the CEI stock has shed -31.26%, and -51.94%. Furthermore, the company is currently valued at $31.10 million and has outstanding shares of 58.46 million.

    About Camber Energy Inc.

    Camber Energy Inc. is an Exploration and Production company for Oil & Gas sector and is specifically an independent oil and natural gas company. The company mainly focuses on the acquisition and development, the production and selling of natural gas and crude oil. Furthermore, the company works in the exploration and production of natural gas liquids (NGL) in Classcock County, Texas, in the field of Cline shale as well as upper Wolfberry shale. The company has a majority-owned subsidiary Viking Energy Group Inc. and has shares in oil and natural gas assets for the regions of the mid-continent and Gulf Coast.As of March 31, 2020, its all-out assessed stores were 133,442 million barrels of oil identical involving 54,850 barrels of raw petroleum holds, 43,955 barrels of NGL saves, and 207,823 million cubic feet of flammable gas saves. The organization was some time ago known as Lucas Energy Inc. what’s more, changed its name to Camber Energy, Inc. in January 2017. Camber Energy, Inc. was joined in 2003 and is situated in Houston, Texas.

    Camber Inc. has a new institutional investor!

    Camber Inc. has changed its Fiscal year end however its majority-owned subsidiary Viking Energy Group Inc. has posted Q1 results which have shown promising performance. Energy E&P companies search and get a lot of investors pouring capital into them for their lucrative projects in hopes to churn out huge profits. Similarly CEI stock has announced that it has found such an investor in the form of an institutional kind. The institutional investor has agreed to close a deal of an equity transaction $15,000,000. These funds are intended by the company to be used for corporate business transactions, working capital, and other purposes.

    The company has also successfully executed an extension of the maturity date of existing promissory notes that were scheduled for December 2022 on 11th to January 2024 on 1st. CEI stock incorporated a new feature – a conversion feature for the promissory notes that will allow the holders to transition all of their portions (or some) of the principal amount towards shares of common stock of the company. These conversions will take place at a fixed conversion price of $1.25 per share that gives an equivalency of 117% approximately compared to a closing price of July 9, 2021.

  • 35 stocks making the biggest moves premarket today

    35 stocks making the biggest moves premarket today

    FuelCell Energy Inc. (FCEL) stock soared 4.75% to $10.15 in the pre-market trading. The most recent rating by JP Morgan, on November 19, 2020, is a Neutral.

    SCWorx Corp. (NASDAQ: WORX) shares are trading down -6.76% at $2.07 at the time of writing. Company’s 52-week ranged between $1.00 to $14.88.

    Nano Dimension Ltd. (NNDM) lost over -12.1% at $5.74 in pre-market trading Monday, November 30, 2020, after announcing that it has entered into definitive agreements with investors for the sale of 11,960,160 of the Company’s American Depositary Shares (“ADSs”) at a price of $5.00 per ADS pursuant to a registered direct offering.

    Moderna Inc. (MRNA) is up more than 9.38% at $138.95 in pre-market hours on Monday, November 30, 2020 after the firm today announced that the primary efficacy analysis of the Phase 3 study of mRNA-1273 conducted on 196 cases confirms the high efficacy observed at the first interim analysis. The data analysis indicates a vaccine efficacy of 94.1%. The stock had jumped over 16.35% to $127.03 in the last trading session.

    FreightCar America Inc. (NASDAQ: RAIL) shares are trading down -3.99% at $2.65 at the time of writing. Company’s 52-week ranged between $0.73 to $2.87. Analysts have a consensus price target of $4.50.

    Blink Charging Co. (BLNK), a Specialty Retail company, dropped about -3.25% at $27.09 in pre-market trading Monday. The firm recently declared that it has acquired the EV charging operator U-Go Stations, Inc. and its portfolio of 44 DCFC charging locations.

    Zomedica Corp. (ZOM), a Drug Manufacturers – Specialty & Generic company, dropped about -1.12% at $0.1324 in pre-market trading Monday.

    GameStop Corp. (GME) is up more than 4.1% at $16.74 in pre-market hours Monday November 30, 2020 after declaring 2020 cyber week deals. The stock had jumped over 9.02% to $16.08 in the last trading session. GameStop Announces 2020 Cyber Week Deals.

    Riot Blockchain Inc. (RIOT) grew over 8.64% at $6.79 in pre-market trading today.

    Verastem Inc. (VSTM) stock moved up 5.03 percent to $2.09 in the pre-market trading after reporting the initiation of a Phase 2 registration-directed clinical trial of VS-6766, its RAF/MEK inhibitor, and defactinib, its FAK inhibitor, in patients with recurrent low-grade serous ovarian cancer (LGSOC).

    Tuniu Corporation (TOUR) gained over 6.58% at $3.4 in pre-market trading on Monday, November 30, 2020. Before the trading started on November 30, 2020.

    Novavax Inc. (NVAX) is down -8.31% to reach $115.25 after providing an update on its COVID-19 vaccine program. NVX‑CoV2373 is a stable, prefusion protein antigen derived from the genetic sequence of the SARS-CoV-2 coronavirus spike (S) protein and adjuvanted with Novavax’ proprietary Matrix‑M™. It has been trading in a 52-week range of $3.65 to $189.40.

    Occidental Petroleum Corporation (NYSE: OXY) shares are trading down -2.36% at $16.17 at the time of writing. Company’s 52-week ranged between $8.52 to $47.58. Analysts have a consensus price target of $18.

    RMG Acquisition Corp. (RMG) stock soared 6.6% to $18.1 in the pre-market trading. The firm recently revealed that the close of business on Tuesday, December 1, 2020, has been set as the record date for the determination of stockholders eligible to receive the proxy and vote at the special meeting to be held to consider and approve the previously announced merger with Romeo Systems, Inc., a Delaware corporation.

    Uxin Limited (UXIN) stock soared 2.53% to $1.62 in the pre-market trading. The most recent rating by JP Morgan, on October 23, 2019, is a Neutral.

    ReneSola Ltd (NYSE: SOL) shares are trading up 8.02% at $8.08 at the time of writing. The technology company recently announced the closing of the sale of a portfolio of operating projects located in the United Kingdom to Atmosclear Investments Ltd, an European renewable energy and cleantech private equity group. Company’s 52-week ranged between $0.85 to $5.67. Analysts have a consensus price target of $22.

    Kandi Technologies Group Inc. (KNDI) tumbled over -2.28% at $13.31 in pre-market trading today after CBAK Energy and Kandi Group signed a supply framework agreement.

    Vaxart Inc. (VXRT) is up more than 4.84% at $7.37 in pre-market hours on Monday, November 30, 2020. The stock had jumped over 9.84% to $7.03 in the last trading session. Before the trading started on November 30, 2020.

    Alibaba Group Holding Limited (BABA) is down -2.3% to reach $270.13. The internet retail company has been named a leader in Gartner’s 2020 Magic Quadrant for Cloud Database Management Systems. It has been trading in a 52-week range of $169.95 to $319.32.

    EyePoint Pharmaceuticals Inc. (EYPT) stock soared 1.97% to $0.55 in the pre-market trading. The most recent rating by B. Riley FBR, on April 06, 2020, is a Neutral.

    Canaan Inc. (NASDAQ: CAN) shares are trading down -7.83% at $5.3 at the time of writing after releasing its unaudited financial results for the three months ended September 30, 2020. Company’s 52-week ranged between $1.76 to $8.69.

    Heat Biologics Inc. (NASDAQ: HTBX) shares are trading down -0.88% at $1.13 at the time of writing. Company’s 52-week ranged between $0.19 to $4.30. Analysts have a consensus price target of $4.

    Yunji Inc. (YJ), an Internet Retail company, dropped about -7.35% at $3.53 in pre-market trading Monday. The firm recently declared its unaudited financial results for the third quarter ended September 30, 2020.

    India Globalization Capital Inc. (IGC) gained over 22.63% at $2.33 in pre-market trading Monday November 30, 2020.

    Oramed Pharmaceuticals Inc. (ORMP) stock moved up 38.65 percent to $6.17 in the pre-market trading. The healthcare firm recently reported that it has screened the first patients in its global Phase 3 trials of its oral insulin capsule ORMD-0801 for the treatment of type 2 diabetes (T2D). Before the trading started on November 30, 2020.

    Schlumberger Limited (SLB) is down -2.06% to reach $21.43. It has been trading in a 52-week range of $11.87 to $41.14.

    Ocugen Inc. (OCGN) stock plunged -1.71% to $0.294 in the pre-market trading. The firm recently revealed that Dr. Shankar Musunuri, Chairman, CEO, and Co-Founder of Ocugen, will speak on “The Promise of Cell & Gene Therapies: Regulatory and Reimbursement Roadblocks” at Xconomy’s Xcelerating Life Sciences New York & Philadelphia Virtual Event on December 3 at 10:30 a.m. Before the trading started on November 30, 2020.

    Gold Fields Limited (GFI) is down -2.52% to reach $8.5. It has been trading in a 52-week range of $3.79 to $14.90. Before the trading started on November 30, 2020.

    Marathon Patent Group Inc. (MARA) is up 15.65% to reach $4.95. It has been trading in a 52-week range of $0.35 to $6.05.

    Kingsoft Cloud Holdings Limited (KC) stock soared 5.13% to $43.69 in the pre-market trading after reporting that it will be included in the MSCI China Index, effective after the U.S. market close on November 30, 2020. The most recent rating by Goldman, on June 29, 2020, is a Buy.

    NanoVibronix Inc. (NASDAQ: NAOV) shares are trading up 5.26% at $0.8 at the time of writing. Company’s 52-week ranged between $0.54 to $3.50.

    Waitr Holdings Inc. (WTRH) stock moved down -1.46 percent to $3.38 in the pre-market trading.

    Hennessy Capital Acquisition Corp. IV (HCAC) gained over 9.0% at $13.69 in pre-market trading on Monday, November 30, 2020.

    Trevena Inc. (TRVN) stock plunged -4.67% to $2.45 in the pre-market trading. The most recent rating by Guggenheim, on September 14, 2020, is a Buy.

    Suncor Energy Inc. (NYSE: SU) shares are trading down -0.58% at $17.15 at the time of writing. The firm lately publicized that it, together with the other Syncrude joint venture owners – Imperial Oil Resources Limited, CNOOC Oil Sands Canada, and Sinopec Oil Sands Partnership – have agreed in principle for Suncor to become the operator of the Syncrude project by the end of 2021. Company’s 52-week ranged between $9.60 to $34.56.