PHI Group Inc. (OTCMKTS:PHIL) jumped 8% after announcing that its CEO and Chairman Henry Fahman had considerably increased his ownership interest in the firm. Henry converted a $500,000 loan made to PHI Group on July 2, 2020, to around 103.28 million restricted Phi Group common shares to increase direct ownership in the business. He said that his commitment to the company and shareholders is stronger, and he believes the company’s…
Eline Entertainment Group Inc. (OTCMKTS:EEGI) Stock Takes a Hit: What’s The Buzz?
Eline Entertainment Group Inc. (OTCMKTS:EEGI) fell 21% with no news release. Recently the company announced that it is in the course of becoming OTC Marketplace compliant. A new CEO Josh Egelston is already in place with access to OTCIQ, allowing the company to file compliance filings and remove pink status from EEGI. Egelston said that the company is making progress to become current and make relevant acquisitions in the entertainment…
Cybernetic Technologies Ltd (OTCMKTS:HPIL) Stock Continues to See Selling Pressure: Down 42% Last Week
Cybernetic Technologies Ltd (OTCMKTS:HPIL) fell 42% last week after announcing the approval of its OTCIQ application. Following the approval, CEO Stephen Brown said that the company would remain as the holding parent of NFT Procurement, Apogee Dynamics, Cybernetic Technologies, Medusa Artificial Intelligence, and World Gaming Group. The company received approval on August 10, 2021, with the OTCIQ Agreement form sent to the CEO via DocuSign. Brown said they are delighted…
Cidara Therapeutics Inc (NASDAQ:CDTX) Stock Sees Bullish Uptrend After The Recent News
Cidara Therapeutics Inc (NASDAQ:CDTX) jumped 10% and 16% for the week after announcing the completion of enrolment in the pivotal phase III ReSTORE study. The company is surveying in collaboration with Mundipharm, and it is evaluating rexafungin’s safety and efficacy as first-line invasive candidiasis and candidemia treatment. The study enrolled 184 invasive candidiasis and /or candidemia patients. This is a significant unmet need area for critically sick hospitalized patients and…
XpresSpa Group Inc (NASDAQ:XSPA) Stock Attempts To Rebound After The Recent Fall
XpresSpa Group Inc (NASDAQ:XSPA) jumped 10% after the recent fall. Announced the release of its Q2 2021 financial results in which net revenue was $9.1 million that included $r8.7 million attributable to XpresCheck. The company reported record MSA to practice patient fees increasing from$6.3 in Q1 2021 to $17.1 million in Q2 2021. Net loss during the quarter narrowed to $4.7 million relative to a net loss of $58.5 million…
Seelos Therapeutics Inc (NASDAQ:SEEL) Stock Sees Value Buying At Lower Level
Seelos Therapeutics Inc (NASDAQ:SEEL) jumped 12.5%after announcing its mid-year 2021 clinical and business update. CEO Raj Mehra said that the company continued executing at a high level in the year’s first half. Mehra said that part one of the company’s SLS-002 study showed immediate antisuicidal and antidepressant effects with an excellent tolerability profile. In addition, the company commenced part two of the placebo-controlled registration study planning to enroll patients in…
Surgalign Holdings Inc (NASDAQ:SRGA) Stock Gains Further Momentum: Up 25% In A week
Surgalign Holdings Inc (NASDAQ:SRGA) jumped 15% on Friday and 25% last week after announcing its Q2 2021 operating results. The company reported $24.8 million in total global spine revenue relative to $20.5 million in Q2 2020. Surgalign’s continuing operations net loss was $10.6 million or $0.09 per share. During the quarter, the company completed a $50 million registered direct offering. The company also collaborated with Inteneural Networks, a top AI…
CASI Pharmaceuticals Inc (NASDAQ:CASI) Stock is All Set To Gap-Up: But Why?
CASI Pharmaceuticals Inc (NASDAQ:CASI) up 35% in premarket after reporting Q2 2021 financial results in which the company realized $7.1 million in EVOMELA revenues. Analysts had predicted that the company would post a 130.3% YoY revenue increase to $6.15 million with a loss per share of $0.09 during the quarter. CEO Wei-Wu He stated that they are revising full-year 2021 revenue guidance based on the current trend, which is expected…
Allied Energy Corp. (OTCMKTS PINK: AGYP) Ready For Strong Week After Friday’s Green Close At $0.3398 +4.55%, Buy Rating
Allied Energy Corp. (OTCMKTS PINK: AGYP) earned an 8% buy rating Friday night from Barchart as AGYP closed green Friday at $0.3398 +4.55%. WTI Crude and Brent Crude also showed green prices. The evacuation in Afghanistan stands to impact and keep oil prices high, according to Barrons and site Kerala, which quoted J. P. Morgan predicting that oil, with all the Mideast turmoil, could reach $80 barrel. All of that…
Q&K International Group Limited (NASDAQ:QK) Stock Falls Again: Slumps 33% in a Week
The technology company, Q&K International Group Limited (NASDAQ:QK), which is best known for operating a long term apartment rental service in China, saw its stock take a bit of a pounding in the markets yesterday. The stock slumped by as much as 15.50% as investors headed for the exits in a big way. Although the decline recorded by the stock was considerable, investors could perhaps take solace in the fact…