Home Financial Markets What explains the sharp rally in Greenpro Capital (GRNQ) and four other...

What explains the sharp rally in Greenpro Capital (GRNQ) and four other stocks?

Greenpro Capital Corp. (GRNQ) more than doubled today as the company has revealed plans to incubate the Low Earth Orbit satellite communication company. GRNQ aims to incubate a Low Earth Orbit satellite communication company located in Malaysia to cover the ASEAN region. The new company will provide satellite internet access for the South East Asia region. Borneo and other remote islands will benefit greatly from this service with their future Low Earth Orbit satellite connectivity.

Westwater Resources, Inc. (WWR) was riding on the back of the President’s Executive Order signed on September 30, 2020, which tackles the danger posed by international adversaries to the U.S. domestic supply chain by depending on essential minerals. The essential minerals referred to in the Order were previously described by the Ministry of the Interior in May 2018 and include both natural graphite and vanadium. The President’s declaration that America’s heavy dependency on foreign countries for vital minerals is a national emergency highlights the importance of Westwater’s plans to exploit the Coosa Graphite Deposit in East-Central Alabama. Westwater’s business strategy for the Coosa Graphite Project throughout the next two and a half years is to establish a U.S. domestic supply of natural graphite for use in all forms of batteries in the United States. Westwater also discovered widespread and important levels of vanadium mineralization during recent exploration activities along the Roscoe Ridge at the mine site.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Kosmos Energy Ltd. (KOS) was up as it has earned itself some additional financial breathing space with a fairly complicated funding arrangement. According to the company, the existing Gulf of Mexico prepayment facility has been restructured into a $200 million long-term loan over a five-year period. The loan is backed by the reserves of the U.S. Gulf of Mexico. The loan has an interest rate of about 6% and increases the borrowing ability of the company by $50 million. It could be raised to $300 million, as well.

Corvus Pharmaceuticals, Inc. (CRVS) is another top mover today thanks to additional data from small Phase 1 trial for COVID-19 treatment. The company shared additional interim information from a very limited, early-stage clinical trial that suggested that its experimental immunotherapy could produce antibodies and T-cells in some COVID-19 patients. The Phase 1 open-label study tested at three doses in 15 patients and plans to enrol a total of 30 patients with mild to moderate disease. Initial findings for two of the doses in 10 patients were illustrated in the preprint released in September. (Preprint has not been peer-reviewed.) On Monday, the company released data for five additional patients. Complete results of the Phase 1 trial are expected to be released by the end of the year.

Boxlight Corporation (BOXL) rallied as the stock price target raised to $6 from $4 at Maxim. Analyst Jack Vander Aarde holds the buy rating on the shares. The recent acquisition of Sahara Presentation Systems is revolutionary for the company and should triple its revenue while driving “accelerated” profitability, the analyst told investors in a research note. Beyond 2021, the analyst sees Boxlight’s sales rising at about 10% per year, adding that the company is unlikely to need additional capital for the “foreseen future.”

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

SPX Flow Inc. (FLOW) stock surged during current market. Here’s why the stock is sky-rocketing?

SPX Flow Inc. (NASDAQ: FLOW) stock gained by 24.24% in the current market trading session. SPX FLOW, based in Charlotte, works to make the...

Platinum Group Metal Ltd. (PLG) stock surges during after-market trading. Here’s to know what’s happening?

Platinum Group Metal Ltd. (NASDAQ: PLG) stock declined by 8.54% at last close whereas the PLG stock price gains by 7% in the after-market...

TD Holdings Inc. (GLG) stock gains during current market trading. Here’s the recent update

TD Holdings Inc. (NASDAQ: GLG) stock gains by 5.01% in the current market trading session. TD Holdings, Inc. is a service provider in China...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

NeuroMetrix Inc. (NURO) stock plunged during pre-market. Let’s find out why?

NeuroMetrix Inc. (NASDAQ: NURO) stock gained by 18.89% at last close while the NURO stock price losses by -4.12% in the pre-market trading session....

Related News

Nova Lifestyle Inc. (NVFY) stock fell during current market trading. Here’s what you should know?

Nova Lifestyle Inc. (NASDAQ: NVFY) stock fell by 30.37% during the current market trading session. Nova Living, Inc. is a well-known, forward-thinking designer and...

Why did Jupiter Wellness Inc. (JUPW) stock plunge in the after-hours?

Jupiter Wellness Inc. (JUPW) shares declined 9.76% in after-hours on Monday, July 19, 2021, and closed at $3.70. Earlier in the morning session on...

Mitcham Industries Inc. (MIND) stock plunged during current market. What’s driving it low?

Mitcham Industries Inc. (NASDAQ: MIND) stock declines by 0.52% in the current market trading session. MIND Technology serves the oceanographic, hydrographic, defense, seismic, and...

Property Solutions Acquisitions Corp. (PSAC) stock soars during pre-market trading. Let’s see why?

Property Solutions Acquisitions Corp. (NASDAQ: PSAC) stock gained by 6.94% at last close while the PSAC stock price surged by 7.84% in the pre-market...

Why did RADA Electronic Industries Ltd. (RADA) stock plunge in the after-hours on Friday?

RADA Electronic Industries Ltd. (RADA) shares lost 7.56% in after-hours on Friday, July 16, 2021, and closed at $11.50 per share. Earlier in the...

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam