Following were the most active stock buzzers on Wednesday. Keep an eye on these stocks this week.
Artelo Biosciences Inc (NASDAQ:ARTL) stock continued to gain momentum in the previous trading session. The stock went up by 3% to $1.03 with more than 20.37 million shares traded hands, well above its average volume of 4.98 million shares. The stock has soared 44% over the past week and up another 14% in the pre-market session. Earlier this week, H.C. Wainwright initiated its coverage with a Buy recommendation and a 12-month price target of $4 per share to indicate a premium of ~459.0% to the last close. Analyst Vernon Bernardino lists three reasons for the decision.
Nextplay Technologies Inc (NASDAQ:NXTP) was another active stock buzzer on Wednesday. The stock closed higher by 15.50% to $1.56 with more than 44.26 million shares traded hands, well above its average volume of 4.27 million shares. There was no specific news for such a big move, however the stock is still down 35% so far this year. NXTP stock is trading above 24% from its 52-week low and 68% away from its 52-week high.
Allena Pharmaceuticals Inc (NASDAQ:ALNA) was one of the biggest percentage gainers on hefty volume. The stock surged 17% to close at $1.00 after hitting a session high of $1.17. The company announced that its orally-administered, urate-degrading enzyme, ALLN-346, has received Fast Track designation from the U.S. Food and Drug Administration.
Naked Brand Group Ltd (NASDAQ:NAKD) stock had a volatile session as the stock moved higher by 8.50% to $0.7047 on hefty volume of 94.21 million shares, well above its average volume of 57.38 million shares. Last week, the company announced that the Company has been granted a 180-day extension, or until April 25, 2022, to regain compliance with Nasdaq’s $1.00 minimum bid price requirement as set forth in Listing Rule 5550(a)(2).
East Stone Acquisition Corporation (NASDAQ:ESSCR) stock was another active buzzers as the stock surged 12.50% to close at $0.45. More than 584K shares traded hands, compared to its average volume of 100k shares.
Allied Energy Corp. (OTCMKTS:AGYP): On a more speculative note AGYP deserves a look from 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.
