Sonim Technologies Inc. (NASDAQ:SONM) jumped 27% last week after revealing its new smartphones accessory. The company unveiled the Klein waterproof headsets and RSMs compatible with the SonimSecureAudio Connector phones, including XP3, XP8, and XP5s.Despite the news, the trigger for the surge was the discovery of retail traders of this meme stock. Sonim stock traded below a dollar, making it a potential candidate for day traders. There is a lot of…
Endo International Plc (NASDAQ:ENDP) Stock Bounces Back Strongly After The Big News
Endo International Plc (NASDAQ:ENDP) jumped 33% following the rally of its debt on Friday following the settlement of claims by New York regarding its opioid marketing. As a result, the company averted a potential $1 billion verdict and the possibility of being stripped of legal defenses in the ongoing suit in the state. The $50 million settlement announced on Thursday was for allegations that the company’s marketing efforts and sales…
Advaxis Inc. (NASDAQ:ADXS) Stock Suddenly Soars 28% Will The Rally Continue?
Advaxis Inc. (NASDAQ:ADXS) jumped 28% after announcing its Q3 2021 financial results and corporate update. During the quarter, the company signed a definitive merger agreement with Biosight Ltd with the proposed merger creating a public company that will operate as Biosight Therapeutics. The combined company will have cash, cash equivalents, and marketable securities of around $50 million at closing. Over the next 18 months, the combined company expects to report…
Reconnaissance Energy Africa Ltd (RECAF) Stock Continues to Trend Lower: Fell 13% Last Week
Reconnaissance Energy Africa Ltd (OTCMKTS:RECAF) fell 13% last week after announcing that it will retain John Dalton to offer investor relations services to the company under a consulting agreement. Dalton has more than 20 years of industry experience in the oil and gas sectors and currently is McDonald Dalton Capital partners LLC managing partner and Zeteky Inc., chairman. In his role at ReconAfrica, Dalton will be in charge of offering…
BIGG Digital Assets Inc. (OTCMKTS:BBKCF) Stock Falls On Profit Taking: Now What?
BIGG Digital Assets Inc. (OTCMKTS:BBKCF) fell 7% last week after the owner of Netcoins and Blockchain Intelligence Group announced Manning Elliott LLP’s resignation as the company’s auditor as of September 7, 2021. Currently, BIGG is looking for a successor auditor. Notably, there are no issues or disagreements regarding the auditor change. CEO Mark Binns said that Manning Elliot, who has been the company’s auditor for the past four years, has…
Lightwave Logic Inc. (OTCMKTS:LWLG) Stock is Up 50% in a Month: What’s The Buzz?
Lightwave Logic Inc. (OTCMKTS:LWLG) is up 50% in a month. Recently the company announced approval by the Nasdaq Stock Market LLC to list its common shares on the Nasdaq Exchange. The company started trading on the Nasdaq on September 1, 2021, under the ticker “LWLG). However, its stock continued trading in the OTCQX until the end of August. CEO Michael Lebby stated that they are delighted to announce the listing…
PHI Group Inc. (OTCMKTS:PHIL) Stock Resumes Another Round Of Rally: But Why?
PHI Group Inc. (OTCMKTS:PHIL) jumped 22% after the company focusing on PHILUX Global Funds implementation announced an increase of stock ownership in the company by its management. PHILUX Global Funds is an assortment of bank funds in Luxembourg organized as “Reserved Alternative Investment Fund” and building the Asia Diamond Exchange in Vietnam. On August 25, Phi chairman and CEO Henry Fahman converted $550,000 in unpaid and accrued salaries from September…
OPTEC International Inc. (OTCMKTS:OPTI) Stock Surges After Announcing a New LOI To Acquire West Coast
OPTEC International Inc. (OTCMKTS:OPTI) jumped 8% after announcing the execution of a letter of intent (LOI) to acquire an established medical supply firm, West Coast. Notably, the medical supply company has more than 25 years of experience in the sector. Recently the company expanded its supplies in the personal protective equipment segment besides its core medical supplies. Also, the company has signed a purchase agreement overseas, and the US manufactures…
CytoDyn Inc. (OTCMKTS:CYDY) Stock Sees Buying Interest On Value Buying
CytoDyn Inc. (OTCMKTS:CYDY) jumped 8% after announcing the treatment of a first p[atient with its lead drug product leronlimab in a crucial third phase COVID-19 study in Brazil for those with severe symptoms. The biotech company said it would conduct a preliminary analysis in 28 days after enrolment of 245 patients representing around 40% of the number of subjects the company intends to enroll in the study. CytoDyn had previously…
Atossa Therapeutics (ATOS) Stock Attempts To Bounce Back After The Sell-Off
The clinical stage biopharmaceutical firm Atossa Therapeutics (NASDAQ:ATOS) has been in focus among investors in recent times due to its work on both COVID 19 and cancer treatments. In the first half of the year, the Atossa stock had delivered considerable gains to investors but in the past three months, the trend has reversed in a big way and the stock has lost around 50%. However, it is also true…