One of the more important things that investors need to keep in mind when navigating the markets is the fact that news has a major effect on price movements. Hence, it is naturally important to be abreast of all that is happening with companies in order to have an idea about the fortunes of the stock. In recent days, many stocks have come into the news owing to strong upward moves or significant news with regard to the underlying companies. This article is going to give you a look at six such stocks.
Kaival Brands Innovations Group Inc (NASDAQ:KAVL) – Another company that has been in focus lately is Kaival Brands Innovations Group Inc, which currently has considerable international expansion plans owing to its distribution deal with Philip Morris International (NYSE:PM). In addition to that, the judicial stay on the MDO on its products had also helped Kaival Brands considerably as it ended up clocking higher revenues in the third fiscal quarter than in the previous quarter.
the company managed to bring in revenues of $3.8 million for the quarter and that was a significant improvement on the $3.2 million in revenues that it had earned in the prior year period. This topped analysts’ estimates by $0.35 million.
The Company expects revenue to go up as renewed distribution ramps up and sales of non-tobacco flavored BIDI® Sticks increase, particularly in light of the 11th Circuit Court’s positive ruling in Bidi Vapor’s favor in the merits-based case, subject to the FDA’s decision on next steps in the merits case and the FDA’s enforcement discretion in general.
The gross profits for the third quarter stood at $442,100 and that was again an improvement on the $84,300 that it had generated in gross profits in the prior year period.
Infinity Stone Ventures Corp (GEMS.C) (OTCMKTS:TLOOF) – Yesterday, Infinity Stone Ventures Corp was one of the biggest movers in the market as it ended the day with gains of as much as 19.23%. The company was in the news earlier on in the week when it announced that it had signed a contract with SGS Canada Inc to conduct a hydrometallurgical and floatation test program on samples from the Rockstone Graphite project.
The aim of the program is to upgrade the graphite to electric vehicle battery level purity of 99.8%. The testing program is a major one for the company and one that could have led to the rally in the stock.
Therma Bright Inc (TSXV:THRM) (OTCQB:TBRIF) – Therma Bright, which is involved in the medical technologies space, provided an update earlier this week with regards to the product AcuVid™ COVID-19 Rapid Antigen Saliva Test. The company update was with regards to its Emergency Use Authorization application to the United States Food and Drug Administration for the product.
Therma Bright announced that the FDA had notified it that an initial review of the application had been concluded and have sought more details from the company. The company is now working with its strategic partners so as to provide the agency with clear answers to the questions.
Sekur Private Data (OTCMKTS: SWISF) (SKUR.CN) – It was a good day in the markets for investors in the cybersecurity company Sekur Private Data as it ended the day with gains of as much as 5.4%. The rally in the stock came about after the company managed to expand its marketing activities through national media worldwide. The company launched a mass marketing strategy through a 30-second ad that ran from July 19, 2021, to August 15, 2021, and was aired on some of the biggest networks.
Hero Technologies Inc (OTCMKTS:HENC) – Cannabis firm Hero Technologies has been on a tear this week and has managed to clock gains of 33.82% so far.
The company, which intends to have a vertically integrated operation, announced earlier this week that it was pursuing land acquisition opportunities in the state of Michigan aggressively. Hero announced that it was looking to acquire as much as 10 acres of land in the state.
Pressure BioSciences Inc (OTCMKTS:PBIO) – Lastly, it is the Pressure BioSciences Inc stock that could be worth looking into at this point in time. Earlier this week, the company announced that it was going to participate in the H. C. Wainwright Annual Global Investor Conference.
The event actually took place from September 12 to September 14, 2022. The company also managed to pick up new contracts, each of which could bring in more than a million dollars or more for the company.
