Home Financial Markets Dogness Corp (DOGZ) stock continue its positive momentum in the after-market on...

Dogness Corp (DOGZ) stock continue its positive momentum in the after-market on Monday

Dogness Corp (DOGZ) stock had a good Monday start and it kept its positive momentum going in the after-market session as well. The DOGZ shares gained 3.77% in the normal trading session and 7.88% in the after-hours session on Monday, April 19, 2021. DOGZ shares have gained 45.37% over the last 12 months, and they have lost 3.51% in the past week. Over the past three months, the stock has shed 18.72%, while over the past six months, it has added 42.24%.

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Let’s have a look at its recent developments.

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The exceptional surge in China e-commerce sales

On April 8, 2021, Dogness announced that its e-commerce sales in China have increased 24 times due to its new smart pet product line for the calendar year 2020, as compared to the calendar year 2019.

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Silong Chen, Chairman and Chief Executive Officer of DognessSilong Chen said that Dognessestablished itself as a leading brand for pet parents seeking innovative, high-quality products, including our expanded line of enhanced pet IoT solutions and smart products.

The upcoming annual shareholder meeting

On March 23, 2021,  Dogness Corporation announced the schedule for its upcoming Annual Meeting of Shareholders.

The meeting will be on May 18, 2021, at 9:00 a.m. China Time (9:00 p.m. Eastern Time on May 17, 2021) at Conference Room 1A, No.16 N Dongke Road, Tongsha Industrial Zone, Dongguan, Guangdong, China,

New Smart GPS Pet Tracker

On March 2, 2021, Dogness launched the new state-of-the-art smart GPS pet tracker boasting real-time positioning with pinpoint accuracy. The company is looking for initial delivery in the second quarter of 2021.

The GPS tracker has a built-in 4G SIM card for high location accuracy and speed. It comes with standard Qi fast and wireless charging support and also its new high-capacity battery provides more than a week of operation per charge

The closing of share sales offer

On January 20, 2021, Dogness Corporation announced the closing sales offer of,455,130 common shares for $2.15 and Class A warrants to purchase an aggregate of 1,727,565 common shares.  The offer will raise approximately $7.4 million in gross proceeds from the sale which will be used for working capital and general business purposes.

The Class A and placement agent warrants are exercisable at $2.70 per share.

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Conclusion

Still, we have no recent news which could be the reason behind its Monday surge so we can expect that it will continue its positivity based on its past business developments.

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