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  • What could be the reason behind Midatech Pharma plc (MTP) stock turnaround on Tuesday?

    What could be the reason behind Midatech Pharma plc (MTP) stock turnaround on Tuesday?

    Midatech Pharma plc (MTP) shares jumped 9.5% in after-market on Tuesday, June 15, 2021, and close the day at $2.19 per share. Earlier in the morning session, MTP’s stock lost 3.85% to close Tuesday’s session at $2.00. MTP shares have risen 40.85% over the last 12 months, and over the past three months, the stock has lost 13.04%, while over the past six months, it has added 2.19%.

    Let’s discuss MTP news and developments briefly.

    Upcoming investor webinar

    Midatech Pharma PLC will be hosting an investor webinar focused on the Company’s various R&D programs at 2.00 pm BST 9.00 am EST on 17 June 2021.

    Publishing of Annual Report & AGM schedule

    On May 21, 2021, Midatech Pharma PLC posted its Notice of Annual General Meeting (“AGM”) to shareholders, along with the Annual Report for the year ended 31 December 2020. The document is also available on the “Investors” section of the Company’s website.

    The Company will hold the 2021 AGM at its offices at 11.30 am at Oddfellows House, 19 Newport Road, Cardiff CF24 0AA on 30 June 2021.

    Recent financial results

    On April 30, 2021, Midatech Pharma PLC reported its audited preliminary financial results for the year ended 31 December 2020.

    FY 2020 financial highlights

    • Midatech Pharma reported total gross revenue of £0.3million compared to£0.7 million in FY 2019.
    • Research and development expenses were £6.1 million for FY 2020 compared to £7.8 million for FY 2019.
    • As of December 31, 2021, the company had cash and deposits of £7.5 million compared to £10.9 million on December 31, 2019.
    • The company suffered a net loss of £22.2 million from continuing operations in FY 2020 compared to a £9.1 million loss in FY 2019.

    MTX110 Update

    OnMarch 25, 2021, Midatech Pharma PLC agreed on non-binding Heads of Terms for the co-development of MTX110.

    Earlier on 26 January 2021, Midatech engaged in tentative discussions with a third party around the potential co-development of MTX110. These discussions have now advanced and a non-binding Heads of Terms has been agreed, which stated that the Company would expect to receive a modest upfront payment upon execution, success-based development, and sales milestones and royalties if the deal progresses to definitive agreements.

    Warrant’sexercise and Issue of Equity

    On February 17, 2021, Midatech Pharma PLC issued 61,363 American Depositary Shares to certain US investors, representing 306,815 ordinary shares of 0.1p each in the Company. Each ADS represents five ordinary shares. The company will get gross proceeds of $126, from the exercise of these warrants.

    Conclusion

    As of this writing, we are unable to find any recent news or development which could be linked with its turnaround on Tuesday. We are unable to predict how MTP stock will perform in the coming days.

  • 41 Stocks Making Sharp Moves in Pre Market Session

    41 Stocks Making Sharp Moves in Pre Market Session

    NanoVibronix Inc. (NASDAQ: NAOV) shares are trading down -4.55% at $1.05 at the time of writing after announcing $6.0 million private placement. Company’s 52-week ranged between $0.54 to $3.50.
    Merrimack Pharmaceuticals Inc. (MACK) stock plunged -6.93% to $6.04 in the pre-market trading. The most recent rating by JP Morgan, on October 07, 2016, is a Neutral.
    Curis Inc. (CRIS) is down more than -5.85% at $1.77 in pre-market hours Thursday December 03, 2020 after declaring that it will host Virtual Event to discuss CA-4948 clinical data. The stock had jumped over 22.88% to $1.88 in the last trading session.
    Before the trading started on December 03, 2020, Obalon Therapeutics Inc. (OBLN) is down -8.62% to reach $1.06. It has been trading in a 52-week range of $0.62 to $2.14.
    Artelo Biosciences Inc. (ARTL) grew over 7.53% at $0.7065 in pre-market trading today following announcement its appointment of drug discovery and development veteran Gregory R. Reyes, M.D., Ph.D. to the Company’s Board of Directors.
    Acorda Therapeutics Inc. (ACOR), a Biotechnology company, dropped about -3.54% at $0.79 in pre-market trading Thursday.
    Ampio Pharmaceuticals Inc. (AMPE) is up more than 6.8% at $1.1 in pre-market hours Thursday December 03, 2020 after declaring its phase I study for Inhaled Ampion advances to completing enrollment of COVID-19 patients with respiratory distress. The stock had jumped over 12.65% to $1.03 in the last trading session.
    Nxt-ID Inc. (NASDAQ: NXTD) shares are trading down -6.11% at $0.446 at the time of writing. Company’s 52-week ranged between $0.21 to $0.89.
    OrganiGram Holdings Inc. (OGI) stock moved down -2.86 percent to $1.36 in the pre-market trading. The company recently released fourth quarter 2020 results.
    InVivo Therapeutics Holdings Corp. (NVIV) gained over 14.27% at $0.7999 in pre-market trading Thursday December 03, 2020.
    HEXO Corp. (HEXO) lost over -5.98% at $1.1 in pre-market trading Thursday December 03, 2020 as the firm recently revealed that it has repositioned the UP Cannabis brand with a differentiator of 20% THC or higher in all dried flower products, every time.
    Before the trading started on December 03, 2020, Aurora Cannabis Inc. (ACB) is down -2.92% to reach $10.63. It has been trading in a 52-week range of $3.71 to $32.88.
    Before the trading started on December 03, 2020, Golar LNG Limited (GLNG) is down -6.67% to reach $8.75 after declaring that it intends to offer, issue and sell to the public 11,000,000 common shares, par value $1.00 per share, through an underwritten public offering. It has been trading in a 52-week range of $4.54 to $15.24.
    Aeterna Zentaris Inc. (AEZS) stock soared 3.1% to $0.455 in the pre-market trading. The most recent rating by Maxim Group, on July 19, 2017, is a Buy.
    Oramed Pharmaceuticals Inc. (NASDAQ: ORMP) shares are trading up 9.23% at $4.26 at the time of writing after reporting that it has screened the first patients in a global trial of its oral insulin capsule ORMD-0801 for the treatment of Nonalcoholic steatohepatitis (NASH). Company’s 52-week ranged between $2.40 to $6.05. Analysts have a consensus price target of $5.50.
    Ashford Hospitality Trust Inc. (AHT), a REIT – Hotel & Motel company, rose about 7.36% at $2.48 in pre-market trading Thursday.
    Ideanomics Inc. (IDEX) grew over 0.86% at $2.35 in pre-market trading today. The technology firm lately declared that its subsidiary, Tree Technologies Sd. Bhd., which owns the Treeletrik brand, has hired Richard Teoh as its Chief Financial Officer.
    AIkido Pharma Inc. (AIKI) is down more than -2.2% at $0.59 in pre-market hours Thursday December 03, 2020. The stock had jumped over 8.94% to $0.60 in the last trading session.
    NIO Limited (NIO), a Auto Manufacturers company, dropped about -2.21% at $46.92 in pre-market trading Thursday after providing its November 2020 delivery results.
    Genius Brands International Inc. (GNUS) is up more than 2.14% at $1.43 in pre-market hours Thursday December 03, 2020. The stock had jumped over 5.26% to $1.40 in the last trading session.
    Micro Focus International plc (MFGP) gained over 2.81% at $5.12 in pre-market trading Thursday December 03, 2020 following the publication its findings of ‘Endless Modernization’ research with Standish Group.
    Trine Acquisition Corp. (NYSE: TRNE) shares are trading up 6.44% at $14.22 at the time of writing. Company’s 52-week ranged between $9.40 to $13.94.
    Before the trading started on December 03, 2020, Borr Drilling Limited (BORR) is down -6.29% to reach $0.7625. The firm recently declared unaudited results for the three and nine months ended September 30, 2020. It has been trading in a 52-week range of $0.24 to $9.12.
    Blink Charging Co. (BLNK), a Specialty Retail company, dropped about -2.83% at $22.35 in pre-market trading Thursday.
    Boxlight Corporation (BOXL) lost over -2.53% at $1.54 in pre-market trading Thursday December 03, 2020. An education technology firm recently reported that Shaun Marklew has been appointed as Chief Technology Officer and Patrick Foley will be appointed as Chief Financial Officer on January 16, 2021.
    Before the trading started on December 03, 2020, Pyxis Tankers Inc. (PXS) is up 10.87% to reach $1.02. It has been trading in a 52-week range of $0.62 to $1.37.
    Orbital Energy Group Inc. (OEG) is down more than -3.1% at $1.25 in pre-market hours Thursday December 03, 2020 following announcement its wholly-owned transmission & distribution division, Orbital Power Services signed a Master Services Agreement with a midwestern investor-owned utility.
    Telefonica S.A. (TEF) is down more than -2.64% at $4.43 in pre-market hours Thursday December 03, 2020. The stock had jumped over 1.56% to $4.55 in the last trading session.
    Longview Acquisition Corp. (NYSE: LGVW) shares are trading up 7.86% at $15.79 at the time of writing. Company’s 52-week ranged between $9.34 to $17.99.
    UP Fintech Holding Limited (NASDAQ: TIGR) shares are trading up 3.51% at $5.61 at the time of writing. Company’s 52-week ranged between $2.03 to $7.60.
    Veru Inc. (VERU) gained over 10.39% at $3.4 in pre-market trading Thursday December 03, 2020.
    Tonix Pharmaceuticals Holding Corp. (TNXP) grew over 2.46% at $0.6414 in pre-market trading today.
    Before the trading started on December 03, 2020, Orange S.A. (ORAN) is down -5.39% to reach $12.28 after reporting that it plans to launch a conditional voluntary public takeover bid on all the shares of Orange Belgium that it does not yet own. It has been trading in a 52-week range of $9.93 to $16.08.
    Switchback Energy Acquisition Corporation (SBE) gained over 2.27% at $30.17 in pre-market trading Thursday December 03, 2020.
    Nano Dimension Ltd. (NNDM), a Computer Hardware company, rose about 4.69% at $6.7 in pre-market trading Thursday after closing the previously reported registered direct offering of 11,960,160 of the Company’s American Depositary Shares at a price of $5.00 per ADS.
    Harmony Gold Mining Company Limited (HMY) is down more than -2.42% at $4.44 in pre-market hours Thursday December 03, 2020. The stock had dropped over 0.00% to $4.55 in the last trading session.
    Waddell & Reed Financial Inc. (WDR) stock moved up 46.33 percent to $24.89 in the pre-market trading after declaring a merger agreement with Macquarie Asset Management, under which Macquarie would acquire Waddell & Reed Financial, Inc. for $1.7 Billion.
    Limelight Networks Inc. (LLNW) stock plunged -2.78% to $4.2 in the pre-market trading. The most recent rating by Goldman, on November 30, 2020, is a Neutral.
    Before the trading started on December 03, 2020, XP Inc. (XP) is down -1.88% to reach $39.65 after announcing pricing of public follow-on offering. It has been trading in a 52-week range of $15.50 to $52.94.
    CBAK Energy Technology Inc. (NASDAQ: CBAT) shares are trading up 2.75% at $7.1 at the time of writing. Company’s 52-week ranged between $0.36 to $11.40.
    Splunk Inc. (SPLK) tumbled over -20.5% at $163.69 in pre-market trading today as the firm released fiscal third quarter 2021 financial results.

  • Stocks to Watch as Markets Await Retail Data

    Stocks to Watch as Markets Await Retail Data

    The markets are headed for a weak start to the day, as investors await retail sales data.  It is widely expected that July data will show a slowdown compared to June data.  The numbers are expected to show an increase of 2.1% compared to 7.5% in June. The slowdown is an indicator of the depletion of the bailout money that had driven the V-shaped recovery that the markets experienced in June.

    According to the Chief U.S Economist at Deutsche Bank, Matt Luzzetti, the end of these benefits puts a significant risk to consumer spending especially the low-income bracket. Amidst the risks posed by an end to the benefits, the markets are watching the impasse between Democrats and Republicans on an economic bailout. While Trump already signed an executive order on the economy, it is not enough to support a full-blown economic recovery.

    Despite the weakness in the economy as reflected in the anticipated retail data. There are stocks that recorded significant gains pre-market. If the data comes out positive and beats market expectations, these pre-market gainers could close the week in the money. Some of the biggest gainers ahead of markets are as below.

    Voxeljet AG [NYSE: VJET]

    Voxeljet AG looks set to start the day in gains. This comes after the company reported Q2 results. The company reported that total revenues in Q2 ir dropped by 22.5%.  It also reported that gross profit margins dropped slightly from 30.2% in Q2 of 2019 to 25.9%. The CEO Dr. Ingo Ederer stated that a few months ago, it got a large individual order for its 3D printers from a top U.S Electric car maker.  However, he added that the company’s revenues were hit by the COVID-19 pandemic. Nonetheless, the company announced that it had managed to improve its cash position through its partnership with the European Investment Bank. He added that they were looking forward to a stronger second half of the year.

    Taiwan Liposome Company Ltd [NASDAQ: TLC]

    This is another top performer this morning and is up by 95% pre-market. This follows the company’s announcement that it had submitted an IND for TLC19, an inhalable Liposomal Hydroxychloroquine in the treatment of COVID-19.  Given the global anticipation for a COVID-19 vaccine/cure, this stock is likely to rally all through the day on the strength of these new.

    Midatech Pharma Plc [NASDAQ: MTP]

    Midatech Pharma PLC is another top performer this morning and is a key stock to watch today.  This follows the company’s announcement of its registration statement with regards to a 12,695,445 share resale. This is likely to keep the stock active all day and close the week on a higher note.