Following were the most active stock losers on Wednesday. Keep an eye on these stocks this week.
American Virtual Cloud Technologies Inc. (NASDAQ:AVCT) was one of the biggest percentage losers on low volume. The stock fell 12.25% to close at $2. The company announced that it has signed a definitive agreement for a registered direct offering with an institutional investor of 2,500,000 shares of its common stock at a purchase price of $2.00 per share and a Series B Warrant to purchase an additional 2,500,000 shares, for total gross proceeds of $5.0 million, before payment of commissions and expenses.
Clover Leaf Capital Corp. (NASDAQ:CLOER) was another active stock buzzer on Wednesday. The stock closed lower by 12% to $0.44 with more than 246k shares traded hands, well above its average volume of 50k shares. Clover Leaf Capital Corp. is a blank check company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and similar business combination with one or more businesses.
Baosheng Media Group Holdings Ltd (NASDAQ:BAOS) stock had a volatile session as the stock moved lower by 10% to $1.71 on total volume of 2.99 million shares, compared to its average volume of 1.34 million shares. The stock had been gaining over the past week and surged 30% last week.
Check Cap Ltd (NASDAQ:CHEK) stock was another active buzzers as the stock fell 7.12% to close at $1.03 on profit booking. More than 5.92 million shares traded hands, compared to its average volume of 1.35 million shares. TANH stock is trading above 323% from its 52-week low and 77% away from its 52-week high.
Muscle Maker, Inc. (NASDAQ:GRIL) stock was the biggest loser in the previous trading session. The stock slumped 9% to $1.31 with more than 5.03 million shares traded hands, well above its average volume of 1.77 million shares. Investors preferred to book profit as the stock had moved up about 50% in the past week. Earlier this week, the company announced that it has inked a Master Franchise Agreement for 40 units in the Kingdom of Saudi Arabia; solidifying the company’s second multi-unit international deal.
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.
