Saturday, October 1, 2022
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Sysorex Inc (OTCMKTS:SYSX) Stock Still Riding Big News

SYSX stock

Investors are always drawn to stocks that make a big jump out of nowhere. So it’s no surprise that Sysorex Inc (OTCMKTS:SYSX) stock has remained in the headlines.

Important Update

The stock soared by as much as 610% last week after the company announced that it was successful in having completed a reverse triangular merger.

In light of such spectacular gains made by Sysorex Inc (OTCMKTS:SYSX), it might be a good idea for investors to perhaps take a closer look at the developments. Last Wednesday, the company announced that it completed the reverse triangular merger with the firm TTM Digital Assets & Technologies.

There is an added significance in this merger considering the fact that TTM Digital owns data centers and on top of that, it is also involved in mining a variety of cryptocurrencies like Ethereum. Its operations are based out of North Carolina and New York.

By way of this merger transaction, TTM Digital’s operations are going to become a part of Sysorex Inc. Once that happens, it will become the first publicly listed Ethereum focussed company in the United States.

Considering the optimism around the crypto sector at this point, the remarkable rally in the Sysorex stock might not have come as a surprising move for many investors.

Sysorex is primarily involved in providing cybersecurity solutions, secure wireless access, and related products. That is the company’s core business and it is going to continue to operate it as before.

It also provides cybersecurity-related products to the United States government through its fully owned subsidiary company Sysorex Government Services Inc.

The merger with TTM Digital is a significant move for Sysorex for another reason. TTM Digital has been operating in the Ethereum mining space for some time and more importantly, it has run a profitable business since its establishment. It now remains to be seen if the Sysorex stock can add to its gains through the rest of the month after the latest rally.

Disclaimer: We hold no shares in SYSX stock.

BIGG Digital Assets Inc (OTCMKTS:BBKCF) is Struggling to Regain Momentum

BBKCF stock

Over the course of the past few months, the continued rally in some of the biggest cryptocurrencies has led to considerable interest in the stock of companies that are involved in the sector.

One such company is BIGG Digital Assets Inc (OTCMKTS:BBKCF) and over the course of the year so far, the company’s stock has managed to record significant gains.

But BBKCF has mirrored the recent pullback in the crypto market.

Major Triggers

The BIGG stock has soared by as much as 550% so far this year. Considering the magnitude of the gains, investors might consider having a closer look at the company. There has been no news regarding the company in recent weeks but back on March 24, BIGG had made an announcement with regards to a bought deal financing transaction.

The company announced at the time that signed an agreement with a consortium of underwriters headed by PI Financial Corp and also including Echelon Wealth Partners and Canaccord Genuity Corp. As per the terms of the agreement, the consortium of underwriters is going to acquire as many as 12 million units in BIGG for the price of C$0.10 each.

The company is going to generate C$25.20 million in the form of gross proceeds from this transaction. Each unit sold by BIGG is made up of one share of the company’s common stock and half of a warrant.

One warrant is going to entitle the holder to exchange it for one common share in BIGG at C$2.70 up until 24 months from the day of issuance. In addition to that, BIGG has also decided to grant the consortium of underwriters the option to boost the size of the offering by as much as 15% of the total number of units offered.

The underwriters can choose to take up this particular offer up 30 days after the date of the closure of the offering. If the option is taken up by the underwriters then it might come as another important boost for the BIGG stock.

Disclosure: We hold no position in BBKCF stock.

Sundial Growers Inc (NASDAQ:SNDL) Struggles to Sustain At Higher Levels After Earnings

SNDL stock

In recent times, plenty of cannabis stocks have been in action due to rising optimism about the sector and one such stock is that of Sundial Growers Inc (NASDAQ:SNDL).

Key Developments

Last week the company announced its financial results for the fourth quarter. Investors found several positives in the performance from Sundial and in fact, Sundial Growers Inc (NASDAQ:SNDL) even recorded a steady rise over the next five days as well.

Despite that, it is also important to point out that there are some other aspects of the company’s business that might give investors pause and force them to re-evaluate their sentiments with regards to Sundial.

One of the factors that investors need to keep in mind is that the company’s sales did not grow that much in the fourth quarter. Net sales of C$13.9 million in the fourth quarter represented a sequential rise of only 7.8% from the previous quarter.

It is even more alarming since its sales in the third quarter were already down by as much as 54% year on year. However, it should be noted that the company is transitioning into a branded retail model from a wholesale model and that might be a factor in this sort of performance.

On the other hand, the gross margins situation at the company did not improve in the fourth quarter either. The gross margins generated by Sundial before adjustments stood at a negative C$5.1 million. The company stated that lower revenues had one of the major factors behind the poor performance.

However, continued negative margins generation is something that investors are certainly going to keep in mind.

Last but certainly not least, the adjusted EBITDA for the fourth quarter came in at CA$5.6 million. It was higher than the EBITDA loss of C$4.4 million that the company suffered in the previous quarter. All these factors are enough to make investors ponder over the long-term prospects of Sundial.

Disclaimer: We hold no shares of SNDL stock.

HUMBL Inc (OTCMKTS:TSNPD) On the Rebound as Investors Track Developments

BBKCF stock

If there is one stock that has captured the imagination of many investors over the past months, then it’s that of HUMBL Inc (OTCMKTS:TSNPD). The stock made considerable gains ever since it announced its merger with Tesoro Enterprises last year and went on a strong rally.

Key Developments

However, things eventually cooled down in recent weeks and HUMBL Inc (OTCMKTS:TSNPD) experienced considerable volatility. That being said, HUMBL stock has managed to make a strong comeback over the course of the past week and recorded gains of as much as 50% during the period.

There have been some recent developments as well that could have triggered the latest rally in the stock.

Last week, HUMBL announced that it signed a Securities Purchase Agreement with Chile based multi-family office Aurea Ventures Group. As per the terms of the agreement, Aurea is going to acquire common stock in HUMBL worth as much as $750,000. 

However, that is not all. In addition to that, HUMBL will also be provided with the country rights in Chile as part of the transaction. Aurea group is also going to acquire as many as 437,500 shares of the company’s common stock through a subsidiary for $1,000,000. HUMBL is going to get the payment for these transactions on March 30.

The announcement from HUMBL proved to be a big boost for the company and it was reflected in the rally in the stock over the course of the past week. On the other hand, there was another major announcement from the company back on March 1.

HUMBL announced that it signed a binding term sheet by way of which it is going to complete the acquisition of ticketing and live events SaaS platform operator Tickeri. The transaction is worth $20,000,000 and is going to be made up of both stock and debt. It is a significant acquisition for HUMBL.

Disclaimer: We hold no shares of HUMBL stock.

88 Energy Limited Ltd (EEENF) Update: Continues Climbing on Significant Volume

EEENF stock

Investors who might be looking for stocks that have made considerable gains in recent weeks could consider having a closer look at the 88 Energy Limited Ltd (OTCMKTS:EEENF) stock.

The stock has been on a remarkable run over the past two weeks and it continued this week. so far this week, 88 Energy Limited Ltd (OTCMKTS:EEENF) soared by as much as 35% to takes its gains over the past two weeks to as much as 200%.

Major Triggers

While the gains have been eye-catching, it is also necessary for investors to keep in mind that there has been no news with regards to 88 Energy that could have brought about this rally.

In that sort of situation, it is often a prudent course of action to take a closer look at the company’s business. The company is involved in the oil and gas exploration industry in the United States.

The company boasts of interest in a wide range of properties across the country.

However, the company was not always known as 88 Energy. Up until 2015, it was known as Tangiers Petroleum and it was only in the February of that year that the names was changed to 88 Energy Limited.

While it is true that there has been no recent news about the company, it might be worthwhile to take a look at an announcement from the company back on March 11.

At the time, 88 Energy announced that the drilling activities at the Merlin 1 exploration well had commenced. It proved to be a considerable boost for the stock and resulted in a rally. The exploration well is the situation in Alaska’s North Dakota slope region.

However, at the same time, it might be a good idea to remember that the stock has been rallying despite there not being any further news. Hence, investors could consider keeping an eye on any news with regards to 88 Energy.

Disclaimer: We hold no shares of EEENF

Victory Resources Corporation (OTCMKTS:VRCFF) Stock Rockets After Announcing A New Acquisition

VRCFF stock

Nowadays, lithium is in huge demand across several industries and hence, it the rally in the Victory Resources Corporation (OTCMKTS:VRCFF) stock the past few sessions has not come as a total surprise.

Last Thursday, the company announced that it completed the acquisition of the Smokey Lithium Project in the state of Nevada in an arm’s length transaction.

Major Progress

After the announcement was made, investors piled on to the stock in a big way and the Victory Resources stock rallied by as much as 119%. The announcement from the company was welcomed wholeheartedly by the market and it now remains to be seen if the stock can add to its gains this morning.

It is easy to see why investors are excited about the latest acquisition from Victory Resources. The company revealed that the property in question stretches over an area of as much as 7,000 acres and on top of that, there are as many as 350 claims.

However, that is not all. The region in which the property is located is also known for its prolific record with regards to lithium clay deposits.

For instance, projects currently being developed by companies like American Lithium, Noram and Cypress are also nearby. This is also an indication of the potential of the property that has been acquired by Victory Resources.

The agreement reached by Victory Resources will see the company paying both cash and stock. The company is going to pay $178,000 in the form of cash and 1.5 million common shares of its stock. However, the stock element of the transaction needs to be approved by the concerned exchange.

Victory Resources will also need to pay the annual fee of $57,750 to the Bureau of Land Management. Last but not the least; the company will also need to pay royalties of 2% for any lithium or other forms of ores that it extracts from the property.

However, there is an option by way of which the company can buy off of the consideration. VRCFF is sure to stay on the radar of investors for the near term.

Disclaimer: We hold no shares of VRCFF

iMD Companies Inc (OTCMKTS:ICBU) Sees Epic Jump On Crypto Buzz

ICBU stock

The meteoric rise in cryptocurrencies over the past few months has resulted in a lot of interest in stocks in companies which work in that sectors. Consequently, many companies have in fact started their own cryptocurrency division to cash in on the new trends.

Launches Cryptocurrency Farming Data Center

The latest do so is iMD Companies Inc (OTCMKTS:ICBU), which made the announcement with regards to a new blockchain division earlier on this week.

The announcement was welcomed with great optimism by market participants and iMD Companies Inc (OTCMKTS:ICBU) soared by as much as 150% last week. In such a situation, it is necessary for investors to take a closer look at the latest announcement from iMD Companies.

The company announced that it has created a new division that is not only going to be involved in blockchain development, but will also have its own server farms and work on application design as well.

To this end, it is also necessary to keep in mind that the company has already spent money on setting up its server farms in Sacramento and the Bay Area in San Francisco. In its press release, the company pointed that it had pondered for a considerable period of time about the next move that could bring about growth.

At the end of those deliberations the management at iMD Companies decided to go big on its new cryptocurrency arm. The excitement following the announcement is understandable and it remains to be seen if the stock can continue to add to its gains over the coming days.

It is especially going to be interesting to track the iMD Companies stock because the company also announced that there are going to be ‘many more announcements’ in the coming days. Those announcements could also have an effect on the stock price and it could be worthwhile for investors to keep an eye out for those.

Disclaimer: We hold no position in ICBU stock.

Humbl Inc (OTCMKTS:TSNPD) Bounces Back and Lands On The Radar

TSNPD stock

Over the course of the past months, Humbl Inc (OTCMKTS:TSNPD) stock has managed to record massive gains and much of that has come about owing to its merger with the fintech firm HUMBL Inc.

Major News

The stock has continued to in recent days and that might be linked to the fact that Tesoro has managed to get into the blockchain space as well.

During the past two trading sessions, the stock has rallied strongly and managed to deliver gains of as much as 25%. In this sort of situation, it could be imperative for investors to take a closer look at the company and its business.

It has become one of the more popular penny stocks in the market at this point. While it is true that it is quite rare for penny stocks to deliver long-term gains and move into the big leagues, the Tesoro stock offers certain indications that it could deliver gains in the near term. Three main factors need to be considered in this regard.

The company boasts of a Chief Executive Officer who is known for being able to sell the project well to the media. On the other hand, Tesoro timed its press release regarding its blockchain product perfectly.

At this point, investors are on the lookout for blockchain-related investments. Last but not the least, the continued frenzy in the crypto market has made this move even better timed. While the gains made by the company are expected to attract investors in the coming days, it is necessary to note that investors need to have a certain degree of tolerance towards risks.

At the end of the day, Tesoro was only a penny stock a few months ago and not particularly well known either. It was back in 2012 that Tesoro last reported its financial figures to the SEC. At the time, the company generated revenues of $360,000.

Disclaimer: We hold no shares of TSNPD stock

Asia Broadband Inc (OTCMKTS:AABB) Is Up 1100% This year: What’s The Buzz?

AABB stock

There are some stocks that have managed to clock massive over the course of the past month or so and one of the most notable gainers has been the Asia Broadband Inc (OTCMKTS:AABB) stock.

Major News

During the course of the past month, the stock has gained as much as 1100% and in light of such massive gains, it could be a good idea for investors to take a look at the company.

One of the major triggers behind the rally in the Asia Broadband Inc (OTCMKTS:AABB)stock came about 2 weeks ago when the company approved a stock dividend for its shareholders. More often than not, such approvals lead to a boost to the stock price.

The company announced that the dividends is going to be paid out on the principle of 1 dividend share for 50 shares in Asia Broadband that are owned by a shareholder as of April 5 this year. It is a significant announcement and the excitement among investors is understandable.

In its press release, the company announced that it approved the dividend in order to rewards the patience of the shareholders who have continued to support Asia Broadband through the years. In recent times, there has been a lot of interest in the company among investors due to the imminent release of the AABB Gold crypto token.

In light of the imminent release, the company has also increased the frequency of communication with shareholders and potential investors could consider keeping their eyes open with regards to any announcements from the company.

Recently, the AABB stock experienced another strong rally after it emerged that its token and wallet are both in the final stages of testing. The company had also announced at the time that there has beenrobust interest’ in the AABG Gold crypto token from members of the public.

The flurry of key announcements from the company has sustained the rally over the past month.

Disclaimer: We hold no shares of AABB stock.

Healthier Choices Management (OTCMKTS:HCMC) Falls Following WallStreetBets Hype

$HCMC Stock

Investing in stocks that are gaining momentum is often regarded as a sound investment and more often than not it works out well for investors. Hence, it might be a good idea to look into stocks that are gaining momentum.

Key Factors

One of the stocks to have gathered considerable momentum in recent days is that of Healthier Choices Management (OTCMKTS:HCMC).

The stock has been on fire this month and made significant gains in recent days. One of the major triggers for the rally in the Healthier Choices Management (OTCMKTS:HCMC) came about earlier on in the month.

Back on February 8, the company announced that it managed to raise as much as $5 million by way of equity capital and following the announcement, the Healthier Choices stock rallied impressively.

As per the filing from the company to the Securities and Exchange Commission, Healthier Choices sold as many as 1000 shares from its Series D convertible stock for $5000 apiece.

The shares were sold to institutional investors. On the other hand, the shares can also be converted by the investors at a conversion price of $0.0024. At the time, the conversion price represented a premium of as much as 150% from the closing price of the share on Friday, February 5, 2020.

There was another important factor that added to the momentum gained by the stock in recent weeks.

Investors need to note that in addition to being in the grocery business, Healthier Choices is also engaged in the fast-growing vaping space.

The company had filed a patent infringement lawsuit against tobacco giant Phillip Morris International in November last year.

However, back on January 27, this bit of information was picked up by the Reddit retail investors’ community WallStreetBets. The stock was soon the subject of concerted efforts from the members of the community and that resulted in another significant spike in the Healthier Choices share price.

Disclaimer: We hold no shares in HCMC stock.

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