Archive for March, 2021

$SRAX Subsidiary LD Micro Regenerates Company Index to Reveal 423 New Players in MicroCap Space

March 1, 2021

SRAX Inc.’s (NASDAQ: SRAX) Subsidiary LD Micro Regenerates Company Index to Reveal 423 New Players in MicroCap Space

  • LD Micro reconstitutes index to reveal 35.73% increase over 2020, 423 new listings for total of 1,189 companies
  • Index includes US and Canadian companies with market cap between $50-300 million, average daily traded value of $50,000 in previous quarter
  • LD Micro is subsidiary of SRAX, provider of Sequire SaaS investor analytics platform

SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through its Sequire SaaS platform, recently announced that its LD Micro subsidiary reconstituted its North American microcap index to reveal a 35.72% increase of 423 new listings for a total of 1,189 companies (https://ibn.fm/a7p3d).

LD screens companies based on selection criteria that include market cap, trading value, listing, and filing information. To qualify for inclusion on its list, companies must be listed in the United States or Canada, have a market cap between $50 million and $300 million, an average daily traded value of $50,000 in the last quarter, and a 10Q or 10K filed in the preceding calendar year (https://ibn.fm/4fQXR).

“I cannot believe what I’ve seen in the past year,” said Chris Lahiji, President of LD Micro (https://ibn.fm/jOYwN). “The LD Micro Index has more than tripled from its March 2020 lows. The tiniest public companies were also some of the biggest winners last year, and already year-to-date. As each day goes by, the Index becomes more and more consequential to the next generation of great companies.”

Lahiji founded LD Micro as an independent resource to the microcap world in 2006, growing it quickly to become the premier event platform in the space. Following the identification of potential synergies with Sequire – SRAX’s SaaS platform that unlocks investor intelligence for private companies – LD micro was acquired by SRAX in September of 2020.

“LD Micro is, without a doubt, one of the most well-known and respected brands in micro-cap,” said SRAX CEO and founder Christopher Miglino. “Chris Lahiji and his team have done an incredible job of creating a loyal community of investors and issuers.”

Sequire empowers public companies with critical insights into the activities of both retail and institutional investors, helping them create and activate successful campaigns aimed at increasing investor engagement. Since 2019, the SaaS platform has grown to over 3 million active users that include investors and traders from over 90 public companies (https://ibn.fm/L8hSO).

In addition to Sequire, SRAX focuses on building the largest and most reliable opted-in data sets that span a broad range of industry verticals. As the power of data continues to increase across the digital landscape, the Company continues to focus on its mission to provide brands and companies across the CPG, luxury, lifestyle and financial spaces with high-quality data that provides key, actionable insights integral to strategic marketing campaigns.

For more information, visit the company’s website at www.SRAX.com

NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://ibn.fm/SRAX

 

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Monday, March 1st, 2021 Uncategorized Comments Off on $SRAX Subsidiary LD Micro Regenerates Company Index to Reveal 423 New Players in MicroCap Space

$PLTXF Announces Results of Annual and Special Meeting

PlantX Life (CSE: VEGA ) (Frankfurt: WNT1) (OTCQB: PLTXF), a multifaceted marketplace providing consumers all things plant based, has released results of its recent annual and special shareholder meeting. The meeting was held Feb. 26, 2021, and during the meeting, shareholders nominated and elected five board members: Quinn Field-Dyte, Lorne Rapkin, Peter Simeon, Alex Hoffman and Ralph Moxness. The company noted that incumbent director Todd Shapiro did not seek re-election at the meeting. Alex Hoffman and Ralph Moxness were elected to the board of directors for the first time. During the course of the meeting, shareholders passed all other motions on the agenda, including fixing the number of directors of the company to five and appointing Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants. The shareholders also approved, ratified and confirmed the company’s proposed stock option plan, restricted share unit plan, and performance share unit plan, as well as approving, ratifying and confirming the grants of 4,703,000 restricted share units and 3,950,000 performance share units. “On behalf of the board and management team, we would like to thank Todd Shapiro for his service and valuable contributions as a director and wish him the best as he continues to focus on his full-time job as chief executive officer of Red Light Holland,” said PlantX chief financial officer Lorne Rapkin in the press release. “We look forward to continuing to work with Todd as a consultant to the Company advising in marketing, media and social media strategies.”

To view the full press release, visit: https://ibn.fm/S9UF2

About PlantX Life Inc.

As the digital face of the plant-based community, PlantX’s platform is the one-stop-shop for everything plant-based. With its fast growing category verticals, the Company offers customers across North America more than 10,000 plant-based products. In addition to offering meal and indoor plant deliveries, the Company currently has plans underway to expand its product lines to include cosmetics, clothing, and its own water brand — but the business is not limited to an e-commerce platform. The Company uses its digital platform to build a community of like-minded consumers, and most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs and brands. The Company eliminates the barriers to entry for anyone interested in living a plant-based lifestyle, and thriving in a longer, healthier and happier life. For more information about this company, please visit www.PlantX.com and www.PlantX.ca.

NOTE TO INVESTORS: The latest news and updates relating to PLTXF are available in the company’s newsroom at http://ibn.fm/PLTXF

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$KAVL Adds Two New Distribution Partners, Additional Opportunity for Revenue Growth

Kaival Brands (OTCQB: KAVL), a company focused on generating stockholder value by incubating innovative products into mature and dominant brands, is the exclusive global distributor of all products manufactured by Bidi Vapor LLC. Bidi Vapor’s primary offering, the Bidi(R) Stick, is the fastest-growing closed system vaping product in the U.S. and the only vape product on the market with an ecologically friendly, mass-recycling program. Kaival Brands today announced two new distribution partners for Bidi Vapor’s product line: Imperial Trading with a network in the South, Southeast and Midwest and Chambers & Owen with a network throughout the Midwest. According to the update, the two new agreements boost the potential store count for Bidi Vapor products to over 54,000, up from 10,000 for all of 2020. “These two new additional partners represent another revenue growth opportunity for Bidi and Kaival,” said Niraj Patel, CEO of Kaival Brands. “Between last week’s announcement regarding PMTA’s filing letter acceptance, our exclusive partnership with goPuff, new distribution agreements with Hilmes, Avail and Smoker Friendly, we are feeling extremely confident about our fiscal year 2021 revenue guidance range of $400m – $450 million.”

To view the full press release, visit http://ibn.fm/6jSIp

About Kaival Brands Innovations Group Inc.

Kaival Brands is a company focused on growing and incubating innovative and profitable products into mature and dominant brands in their respective markets. The company’s vision is to develop internally, acquire, own, or exclusively distribute these innovative products and grow each into dominant market-share brands with superior quality and recognizable innovation. For more information, visit the company’s website at www.KaivalBrands.com.

NOTE TO INVESTORS: The latest news and updates relating to KAVL are available in the company’s newsroom at http://ibn.fm/KAVL

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With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

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$IDEX Listed Among 4 Hot EV Stocks To Watch In March 2021 by PennyStocks.com

A Bullish Trend For Electric Vehicle Penny Stocks Continues Growing In March

Last week’s market pullback hit the reset button for countless penny stocks . Many of these names were the center of FOMO (fear of missing out) across several social media channels, including Reddit, Facebook, and Twitter. One of the groups of penny stocks that traders were FOMOing about was electric vehicle stocks.

Last year and into 2021, the overly bullish sentiment for things like EV and green energy triggered a massive uptrend in related stocks. Believe it or not, many of the notable names among electric vehicle stocks were once trading as penny stocks ; yes, this includes the beloved Nio ( NYSE: NIO ). In turn, traders scrambled to find “the next NIO,” “the next PLUG,” or the next “whatever” similar name to buy.

After last week’s dip, many of the overinflated names consolidated back to major technical levels. The ones I’m referring to are 50-day and 200-day moving averages. Now, at the start of March, the markets are monitoring the situation closely. Will these major moving averages hold as new support, or is a further sell-off to ensue? While time will certainly tell, what I can say for sure is that the fervor for electric vehicle penny stocks hasn’t subsided one bit at the beginning of March. Many companies with at least a little exposure to the industry are grabbing attention.

Electric Vehicle Penny Stocks Take Center Stage In March

Since this industry is still very new, it’s understandable that the markets are attracted to companies undertaking this early stage expansion. With the likes of Tesla and, now Lucid Motors emphasizing a need for more electric vehicle options, momentum is beginning to build once again. Will this sentiment remain a factor in March? We’ll have to see but in the meantime, here are a few hot penny stocks to watch that’ve gained in light of recent EV industry momentum.

Electric Vehicle Penny Stocks To Watch

  1. Aqua Metals Inc. ( NASDAQ: AQMS )
  2. Medigus Ltd. ( NASDAQ: MDGS )
  3. Ault Global Holdings Inc. ( NYSE: DPW )
  4. Ideanomics Inc. ( NASDAQ: IDEX )

Aqua Metals Inc.

This company was one of the hottest penny stocks to watch for the better part of the last few months. We wrote about it until it finally ended up leaving penny stock territory. AQMS traded at highs of $8.06 last month. Thanks to the market’s broad pull-back, Aqua Metals has flirted with the $5 limit of this penny stock range. Needless to say, aside from selling-off with the rest of the market, not much else has suggested a bearish sentiment surrounding AQMS stock.

[Read More] 3 Penny Stocks To Buy According To Analysts With Targets Up To 168%

At the heart of it, Aqua Metals is a metals recycling company. Its processes also include battery recycling. So you could qualify this as more of a “pick and shovel” in the world of electric vehicle penny stocks. Its recycling process allows for the extraction of valuable materials that can then be redistributed back into the industry as raw materials—things like plastics, lead, and other metallics. Aqua has also secured investment in LINICO Corporation, a cleantech lithium-ion battery recycling company, which adds a bit more excitement into the mix. There’s also been a provisional patent submitted to protect its process for applying its AquaRefining technology to plate metals used in lithium-ion batteries.

Aqua Metals recently reported its 2020 results beating its prior year’s EPS but coming up short compared to sales. However, management is optimistic about the year ahead.

“Our recent decision to enter into a lease-to-buy agreement with LiNiCo, a company focused on lithium-ion battery recycling, resulted in a shift from a planned plant sale to a strategic lease. As we announced on February 16, the arrangement created many advantages for Aqua Metals,” explained Steve Cotton, President, and Chief Executive Officer.

electric vehicle penny stocks to buy Aqua Metals Inc. AQMS stock chart

Medigus Ltd.

While it isn’t a pick and shovel company like Aqua Metals, Medigus is a bit more diversified, not having 100% exposure to electric vehicles only. The company has a wide variety of projects in its pipeline. However, for this article, we’ll focus on its EV operations.

Last month, Medigus formed a joint venture with EMuze Founders to create what it’s calling a micro-mobility EV. In particular, this EV is being designed for ‘last-mile’ applications. This news followed another EV-related headline where the Medigus subsidiary, Charging Robotics Ltd, began developing a robotic wireless charging pad for electric vehicles.

Does this mean you’ll be able to charge your car like your smartphone? According to Medigus, “an on-demand autonomous charging system is intended to be used anywhere and anytime. The wireless charging system being developed is intended to be self-aligning to electric vehicle battery chargers. The state-of-the-art autonomous Wireless Power Transfer technology, once developed, is intended to seamlessly and efficiently charge the vehicle upon demand, and it will carry the Wireless Power Transfer from charging station or charging truck to a customer’s vehicle that needs electric charging.”

While the story develops, Medigus continues to bring in new capital for operations. This week, the company officially closed its latest $8.5 million round.

electric vehicle penny stocks to buy Medigus Ltd. MDGS stock chart

Ault Global Holdings Inc.

Another company with operations not solely focused on EVs is Ault Global. The company offers a wide range of products through its subsequent companies—everything from green energy to cryptocurrency-related products & services. Again, for this article, we will focus on the EV applications from Ault. Namely, the company’s Coolisys business has just launched electric vehicle charging units. The ACEVool 7kW residential electric vehicle systems have now hit the market, and Ault announced it has already received an order for 5,000 units.

“We believe our EV charger product line will be well-positioned to address the expected rapid expansion of infrastructure required to support broad adoption of electric vehicles globally,” explained Coolisys’ President and CEO, Amos Kohn.

I will take an aside right now and say that the EV niche is one small piece of Ault Global. The company has taken up a very different model in 2021, thanks to its fundraising efforts. Ault raised over $160 million within the last 4 months so far. It has then taken this cash and deployed it using an activist investor strategy.

[Read More] How To Buy Penny Stocks in 2021

Take a look at some of the filings from other public companies like NTN Buzztime ( NYSE: NTN ) or SilverSun Technologies, Inc. ( NASDAQ: SSNT ), and you’ll see what I mean. Ault Global has taken 9%+ stakes in these companies. While this isn’t really a new strategy as Ault has invested in many private businesses, this new approach now sees the company investing in publicly-traded ones.

electric vehicle penny stocks to buy Ault Global Holdings Inc. DPW stock chart

Ideanomics Inc.

IDEX stock has been on our watch list for months at this point. In fact, over the last 12 months, the penny stock has climbed from under 40 cents to as high as $5.53 this year. Obviously, Ideanomics suffered the same sell-off that broader markets faced late last month. Like most, it pulled back to its 50-day moving average and has been consistently holding this level as support.

As far as electric vehicles and Ideanomics are concerned, a few things are going on right now. Most recently, the company’s portfolio company, Solectrac, has been ramping up for expanding its vehicle reservation campaign. Solectrac develops all-electric tractors. According to the company, it’s the first North American manufacturer & distributor of zero-emission electric tractors. The retail prices range from $29,800 to $55,000, so we’re not talking about personal “John Deere” tractors for your front yard.

Ideanomics’ Mobile Energy Global division is also focused on electric vehicles. In this capacity, the company has focused on selling ride-hailing vehicles for the Chinese market. In tandem with this, Ideanomics is also signed a definitive agreement to acquire Wireless Advanced Vehicle Electrification, Inc. This gets the company into the electric vehicle charging niche, further expanding its integration strategy in the electric vehicle industry.

electric vehicle penny stocks to buy Ideanomics Inc IDEX stock chart

News Provided by PennyStocks.com via QuoteMedia

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$UUUU Poised for Growth as Uranium Price Expected to Increase

March 1, 2021

  • Industry leaders remain hopeful that 2021 will be positive year for uranium market
  • Demand outstrips supply as global push for carbon-free energy source gains momentum amid muted supply
  • As the leading U.S. uranium producer, Energy Fuels is ready to leverage growing market opportunity, remain at forefront of U.S. nuclear energy space

After years of stagnation, industry leaders are confident that the uranium market is going through a revival, heading for potentially rapid growth in the coming years. As a leading U.S. uranium producer, Energy Fuels (NYSE American: UUUU) (TSX: EFR) appears poised to seize on the growing calls for nuclear energy to be deployed to help address climate change and reduce air pollution.

Uranium prices have been depressed for several years, as demand dropped after the 2011 Fukushima disaster in Japan. However, supply shortages and the global quest for alternative, low-carbon power sources have renewed interest in this market.

A recent article published by “Investing News” cites industry leaders feeling optimistic about the direction of the market in 2021 on the back of the strong fundamentals that can drive robust growth. Increasingly recognized as an essential part of the clean energy mix, nuclear energy could significantly increase its share of global electricity production from the current 10%. Nuclear provides 20% of U.S. electricity, and 55% of the carbon-free electricity produced in the country.

The uranium price has increased by more than 20% over the past year to around $30 as longer-term fundamentals are expected to remain strong for the sector (https://ibn.fm/MTv5D). Based on cost-curve support calculations, the long-term sustainable uranium spot price is most likely in the $40–$50 per pound range with a potential multiyear spike to $80/lb, according to a recent industry research (https://ibn.fm/ag0AA).

The article features Energy Fuels vice president of marketing and corporate development Curtis Moore, who points out that years of stagnation have potentially led to uranium’s moment as demand continues to exceed supply. Inventory reduction, deposit depletion and continued high grading indicate the potential for strong price performance in the coming years.

Moore also notes that prices are still below the level needed to accelerate production. Despite activity increasing in 2020, there are still inventories available in the market, he notes, but they are being depleted and at some point will need to be replaced. This could happen at a price that incentivizes mine production, and this price is much higher than what we see reported today, he said.

“We think there are definitely better uranium markets ahead,” said Moore. “The realizable sales price for uranium is below most miners’ cost of production, which is unsustainable. In many ways, history is repeating, and we might be in the beginning of the next run in uranium prices. We don’t know when the market will recover, but it will.”

As a leading uranium producer, Energy Fuels appears well positioned to seize the market opportunity as the industry heads for a potential price surge.

For more information, visit the company’s website at www.EnergyFuels.com.

NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU

About MiningNewsWire 

MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.

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Monday, March 1st, 2021 Uncategorized Comments Off on $UUUU Poised for Growth as Uranium Price Expected to Increase
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