5 Nasdaq Stocks On The Rumored: REDU, TRKA, SPPI, METX, COMS

 Following were the most active stock buzzers on Wednesday. Keep an eye on these stocks this week.

Viking Energy Group Inc. (OTCMKTS:VKIN) On a more speculative note, VKIN is a company to watch in the fast-growing ESG space.  VKIN’s patented ESG Clean Energy System creates clean electricity by capturing and repurposing carbon dioxide emissions from combustion engines.  The technology is useful for recycling operations, nitrogen removal, microgrids, data centers, and crypto mining operations; to name a few.  NYSE company Camber Energy believes in VKIN and is one of the company’s largest investors.  Do your due diligence now on this high-potential ESG star in the making. 

RISE Education Cayman Ltd (NASDAQ:REDU) stock continued to gain momentum in the previous trading session. The stock went up by 20% to $0.61 with more than 2.44 million shares traded hands, well above its average volume of 767k shares. The stock has gained 40% over the past week. REDU stock is trading above 46% from its 52-week low and 90% away  from its 52-week high. RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand in China, Hong Kong, and Singapore. The company offers a range of educational programs, services, and products, which primarily include educational courses, sale of course materials, franchise services, and study tours. It also provides educational consulting services; and academic tutoring, test preparation, and admissions consulting services.

Troika Media Group Inc. (NASDAQ:TRKA) was another active stock buzzer on Wednesday. The stock closed up by 13.76% to $1.24 with more than 970k shares traded hands, well above its average volume of 355K shares. There was no specific news for such a big move, however the stock is still down 42% over the past quarter. TRKA stock is trading above 30% from its 52-week low and 69% away  from its 52-week high.

Revenue grew 57.1% to $6.99 million in Q2 2022, compared to the prior year quarter. Adjusted EBITDA was $(1.95) million in Q2 2022, compared $0.8 million to the prior year quarter. Revenue increased 78.76% to $15.34 million for the first six months of FY 2022

Spectrum Pharmaceuticals Inc. (NASDAQ:SPPI) was one of the biggest percentage gainers on hefty volume. The stock moved up 8.20% to close at $0.7876 after hitting a session high of $0.82. Last week, the company announced that its New Drug Application (NDA) for poziotinib has been accepted for review by the U.S. Food and Drug Administration (FDA).

The NDA acceptance is based on the positive Phase 2 study results in patients with previously treated locally advanced or metastatic non-small cell lung cancer harboring HER2 exon 20 insertion mutations.

Meten Holding Group Ltd. (NASDAQ:METX) stock had a volatile session as the stock moved up by 13.60% to $0.2385 on hefty volume of 29.93 million shares, well above its average volume of 20.30 million shares. BLRX stock is trading above 57% from its 52-week low and 92% away  from its 52-week high. Yesterday, the company provided an update on the Company’s cryptocurrency business. To date, the Company has put 867 mining machines into operation, consisting of 147 mining machines purchased in small batches and 720 mining machines purchased from AGM Group Holdings Inc. (“AGMH”) (Nasdaq: AGMH).

COMSovereign Holding Corp. (NASDAQ:COMS) stock was another active buzzers as the stock jumped 7.77% to close at $0.60. More than 474k shares traded hands, compared to its average volume of 655k shares. ComSovereign Holding Corp. designs, develops, markets, and sells technologically-advanced telecom solutions for network operators, mobile device carriers, governmental units, and other enterprises worldwide.