Following were the most active stock losers on Monday. Keep an eye on these stocks this week.
Nextplay Technologies Inc (NASDAQ:NXTP) stock was the biggest loser in the previous trading session. The stock slumped 30% to $1.38 with more than 45.56 million shares traded hands, well above its average volume of 3.40 million shares. The technology solutions company is offering ~18.98M shares of its common stock and warrants to purchase 14.24M shares of common stock. The warrants will be exercisable beginning April 30, 2022 at a price of $1.97 per share and will expire five years from the initial exercise date. The purchase price for one share of common stock and three-fourths of a corresponding warrant will be $1.58.
Steel Connect Inc (NASDAQ:STCN) was another active stock buzzer on Monday. The stock closed lower by 9% to $1.80 with more than 440K shares traded hands, well above its average volume of 95K shares. Investors rushed to sell the stock after the company announced financial results for its fourth quarter and fiscal year ended July 31, 2021. Net revenue during the quarter stood at $136.0 million and net loss of $11.0 million.
Bit Brother Limited (NASDAQ:BTB) was one of the biggest percentage losers on low volume. The stock fell 5.50% to close at $1.22. Recently, company announced that on October 20, 2021, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC notifying the Company that the minimum bid price per share for its ordinary shares has been below $1.00 for a period of 30 consecutive business days
Pingtan Marine Enterprise Ltd (NASDAQ:PME) stock had a volatile session as the stock moved lower by 2.50% to $0.66 on total volume of 271K shares, compared to its average volume of 285k shares. Last week, the company announced today that it received a determination notice letter dated October 13, 2021 from the Listing Qualification Staff (the “Staff”) of The Nasdaq Stock Market LLC notifying that the Company did not meet the terms of exception granted by Staff.
Tantech Holdings Ltd (NASDAQ:TANH) stock was another active buzzers as the stock fell 4.50% to close at $0.72. More than 554k shares traded hands, compared to its average volume of 475K shares. TANH stock is trading above 20% from its 52-week low and 80% away from its 52-week high.
Meten Holding Group Ltd (NASDAQ:METX) stock was notable mover as the stock pulled back a bit after the recent jump. The stock slid 5.50% to $0.5848 with more than 215.15 million shares traded hands, compared to its average volume of 65.99 million shares. METX stock is trading above 108% from its 52-week low and 86% away from its 52-week high.
Allied Energy Corp. (OTCMKTS:AGYP) deserves a look from OTC investors as they have recently announced signing a new lease and also struck oil on their leased well sites located in Texas. Global energy prices are at 7 year highs. With the need for more domestic energy growing apparent, AGYP and its US based exploration projects may benefit. AGYP issued news Thursday that they have achieved production on the #1, #2, and #5 wells of the Gilmer Lease in Texas.
