Extreme Biodiesel Inc (OTCMKTS:XTRM) stock is gaining momentum on Wednesday as investors are reacting to the company’s strong first-quarter operations and revenues. FY Gross Profit of $2.56 million. Revenue of $13.47M (+9.2% Y/Y). The company estimates, based on the current housing shortage, the lack of availability of inventory of houses, and being located in Boise, Idaho, one of the best real estate markets in the US, that this year closed sales will be around $20 million in revenue.
Vinnie Angelos, the CEO, stated: “A strong first-quarter means we will have a great year in 2022. We are in one of the very best locations for real estate. We have many opportunities that will allow us to continue growth and success.
Shares of XTRM are up as much as 22% on a hefty volume of 86.38 million shares, well above its average volume of 7.93 million shares.
BioLife Sciences (OTCMKTS:BLFE) stock has been in considerable focus among investors this morning as the stock gapped up by 19%. Last Friday, the company announced the launch of its latest product, Copper Infused Gardening Gloves. It was a major new announcement from the company considering the fact that the Copper Infused Gardening Gloves product is one of the latest offerings from the company which belongs to its horticultural and agriculture department.
It ought to be noted in this regard that the department was launched fairly recently by the company and the latest launch is an indication that the company is taking its new business unit quite seriously. The gloves in question not only offer microbial protection and have been created with the help of the latest in the field of ergonomic research.
Halberd Corporation (OTCMKTS:HALB) is another notable winner in today’s trading session. The stock has gained over 10% to $0.0180 with more than 250K shares traded hands.
Earlier this week, the company announced that it was making plans to enter the potentially lucrative metaverse space. On Monday, the company announced that it was looking to enter the space through the creation of NFTs or non-fungible tokens. By way of this move, Halberd Corporation is looking to monetize some of the intellectual properties that it controls.
The NFTs that the company is looking to create are going to be related to pending patents, trade secrets, and patents among others. It could be a good idea for investors to follow the developments on this front in the coming days.
Rushnet, Inc. (OTCMKTS:RSHN) continues to trend higher and jumped over 14% to $0.0019. The stock is in a nice breakout with 20% away from its 52-week high of $0.0249.
Last week, the company announced that it had actually canceled the reverse split that it had previously announced. That was a major development, however, in addition to that, RushNet also announced that in conjunction with its subsidiary companies, Grandeza Healthcare, and heliosDX, it was looking to grow its business to as much as $50 million in annual revenues. RushNet also noted that it will also open up considerable shareholder value if it is able to achieve that.
In addition to that, RushNet also made another announcement with regards to the sort of progress that it had managed to make regarding its major milestones and goals. RushNet announced today that the much-awaited audit into its books is going to be concluded soon after some small adjustments. While it is true that the company had in fact got a positive response from the audit, it now has to make a significant decision so that the long-term growth vision of RushNet is not compromised in any way.
