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Tag: Pyxis Tankers

  • What Is Boosting Pyxis (PXS) Stock 11% In Premarket Trades?

    Shares of international maritime transportation company focused on the product tanker sector Pyxis Tankers Inc. (PXS) are up 11.19% after hours. Pyxis shares closed the last session at $0.90, up 6.36% or $0.03. PXS shares traded between $0.8302 and $0.9299.

    A total of 2.18 million shares of PXS stock were exchanged, exceeding the company’s 50-day daily volume of 1.29 million and its Year-to-date volume of 1.88 million. PXS stock has declined 11.09% over the past 12 months, and it has gained 0.40% over the last week.

    PXS stock has gained 11.04% over the last six months and decreased by -30.82% over the last three months. Since the beginning of this year, PXS shares have returned 8.37%. A NASDAQ notice requesting compliance has been weighing on the value of PXS stock.

    How has Nasdaq notified PXS?

    Pyxis transports refined petroleum products and other bulk liquids by sea in a modern fleet of five tankers. PXS is seeking to expand its fleet of medium-range product tankers, which offer operational flexibility and enhanced earnings potential through their “eco” features and modifications. As a result of its competitive cost structure, strong customer relationships, and a management team whose interests align with those of its shareholders, PXS is in an advantageous position to expand and maximize the value of its fleet.

    In a letter dated June 16, 2021, Pyxis has been notified by Nasdaq to comply the requirements to continue listing on the Nasdaq stock market.

    • Nasdaq notified PXS that its common shares closed the trading at a price below $1.00 for 30 consecutive business days, which is requirement for continued listing on Nasdaq (the “Minimum Bid Price Requirement”).
    • The “Compliance Period” for PXS ends on December 13, 2021, so it has until then to become compliant with the Minimum Bid Price Requirement.
    • If the closing bid price of PXS’s common shares is $1.00 per share or higher for at least ten consecutive business days during the Compliance Period, the deficiency can be rectified.
    • In order to maintain compliance with the minimum bid price requirement within the Compliance Period, PXS is evaluating all available options, including the reverse stock split.
    • Pyxis will continue to list and trade its common shares on Nasdaq Capital Market through this period, and the notice will not affect Pyxis’ business operations.

    What if PXS still failed to comply?

    Pyxis (PXS) may be eligible for an additional 180 calendar day compliance period if it is not able to regain compliance during the notified compliance period. PXS shares may be delisted by Nasdaq if the exchange determines that PXS will not be able to cure the deficiency or if PXS is otherwise not eligible.

  • Pyxis Tankers Inc. (PXS) stock Reports Refinancing Of A Previous Loan Facility Securing A Loan Of A Staggering M

    Pyxis Tankers Inc. (PXS) stock Reports Refinancing Of A Previous Loan Facility Securing A Loan Of A Staggering $17M

    Pyxis Tankers Inc. (PXS) is a maritime transportation holding tanker company, that has announced that it had officially finished the refinancing of a foregoing loan by obtaining for a financial first position, with a $17 million debt and a traditional interest rate of 3.35% which is to be paid over a 60-month time frame.

    The new load provides the company with several competitive advantages such as a surplus in the balance sheet, and a minimum interest rate and principal payments. The company is stagnant on expanding their mid ranged fleet of product tankers which will provide a surge in operations and earnings. PXS is aiming to diversify its fleet due to restructure cost benefits, establish customer service and a skilful team of managerial staff who are on the same page as the shareholders of the company.

    Pyxis Tankers Inc. (PXS) Announces4th Quarter Result, Reports Loss

    PXS stock stated a quarterly loss of $0.12 per share and announced revenues of approximately $4.5M for the quarter of December, compared to the previous year revenue of $7.26M. PXS Stocks have increased by42.2% since start of this year and has immensely outperformed the S&P gain of 4.1%, which has investors keen on the future of the company.

    PXS had also released 14,285,715 common stocks with each share costing $1.75. The capital gained from the transaction will be used to repay outstanding and acquisition of potential vessels for the company, as well as for corporate purposes

    Conclusion

    PSX is a growth-oriented company which is investing heavily on diversifying its vessels through a loan channel. A substantial increase in the stock price since the start of the year is a positive sign in terms of revenue and has been a healthy indicator for the company’s future valuation.

  • 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.