There are a few stocks that could be worth focussing on at this point in time as another trading week comes to a close. This article gives you a closer look at a pair of stocks that you could add to your watch lists at this point.
Houston Natural Resources Corp (OTCMKTS:HNRC) – Yesterday, Houston Natural Resources Corp saw its stock come into considerable focus among investors and ended up with gains of as much as 3.29% amidst heavy trading volume. In this regard, it should be noted that on Thursday the company had actually come up with a key update on its Special Purpose Acquisition Corporations investment strategy.
Houston Natural Resources Corp announced that it had reached the decision to invest in its second SPAC. The SPAC in question has already filed an S-1 Registration statement earlier on in the month. The offering is going to be worth as much as $100 million. The SPAC is expected to be listed at some point in the second quarter of this year.
In the first quarter of the year, Houston Natural Resources Corp had been successful in investing in a SPAC that had an offering of as much as $86 million on the New York Stock Exchange. It should be noted that the company is exploring the opportunities in as many as six other SPACs.
Immunoprecise Antibodies Ltd (NASDAQ:IPA) (IPA.V) – The other company that you could consider tracking closely at this point is of IPA in light of the development with regards to its Belgian subsidiary unit Biostrand earlier on in the month. It was announced that the research fund of the local Flemish government in Belgium, Flanders Innovation & Entrepreneurship, had awarded a grant of as much as 460,000 Euros to the company. It ought to be pointed out that Biostrand is a multi-omics platform providing company and research costs could often be considerable.
The grant had been announced conditionally earlier on in the year in January but it was only recently that the company managed to fulfill all those conditions and hence, the grant money was eventually released.
Kaival Brands Innovations Group Inc (NASDAQ:KAVL) –the stock has come into focus among investors as the stock has gained over 7% this week.
While there was no news about the company, it ought to be noted that back on April 18 this year the company had made a major announcement. It had announced that it had expanded the number of retailer and wholesaler accounts and Kaival Brands was going to add 28000 more stores this year.
General Enterprise Ventures Inc (OTCMKTS:GEVI) stock is going to be in focus among investors in light of the latest developments. The company provided a recap with regards to the recent events that had taken place at the company from the fourth fiscal quarter of 2021 through to the first quarter of this year.
The company noted that back on October 17, 2021, the Board of Directors of the company and the majority shareholders had approved the change in name to General Enterprise Ventures from General Environmental Ventures. That was one of the most important events with regards to the company in recent months.
BlockQuarry Corp (OTCMKTS:BLQC) was the biggest mover with a gain of 26.32%. BlockQuarry Corp is based out of Texas and currently has early-stage operations in cryptocurrency self-mining as well as mine hosting.
While it is true that there has been no news about the company for some time, it ought to be noted that back on April 25 it had announced its record-breaking financial results.
Revenues touched $960,000, which reflected a year-on-year rise of as much as 1643% and net operating losses dropped to $3.4 million from $8.3 million a year ago. In addition to that, the cash balance was boosted 540% year on year to hit $542,000 and total assets soared by a staggering 5965% to touch $10.8 million.
