Investors who keep an eye on the markets closely generally end up performing well in the long term. Hence, it is important to keep an eye on stocks that may have moved in recent times. This feature would provide you with a look into four stocks that have done so lately.
Steppe Gold Limited (TSX: STGO)(OTCQX: STPGF) is a premium precious metals company operating in Mongolia. Steppe Gold Limited is projected to produce over 100,000 ounces of gold from the ATO Gold Mine in the 2022 to 2023 period. Additionally, the company had also completed a feasibility study regarding the expansion of the ATO Gold Mine, which could potentially add 100000 ounces of gold through the development of the underlying fresh rock cores.
Recently, the company provided an update about its operations following the end of the second fiscal quarter. Steppe Gold announced that expansion financing had been secured.
The production in the second quarter stood at 6663 ounces and that kept it on track to hit the projected yearly production of 25000 to 30000 ounces. The company noted that it had also advanced the plans for acquiring licenses in Mongolia and the work on the technical report for the Tres Cruces project in Peru had also started.
On July 13 the company had announced that it inked a binding term sheet that secured $150 million in funds to fully finance the Phase 2 expansion of the ATO Gold Mine. The company's Chief Executive Officer Aneel Waraich noted that the funds would be disbursed in several stages. Initially, $50 million had been made available to the company for ordering long-term items and associated equipment. The payback period for the funding would start once the Phase 2 Expansion is completed.
Workhorse Group Inc (NASDAQ: WKHS) - The technology company is involved in providing ground and air-based electric vehicles for the last-mile delivery space. The company claims to manufacture high-performance battery-powered electric trucks and drones. Last week the company announced that it had completed the filing of a definitive proxy statement with the United States Securities and Exchange Commission.
The filing was about the upcoming Special Meeting of Stockholders. The company would host the Special Meeting so that the stockholders could vote on Workhorse Group Inc's proposal to raise the number of its common stock. Rick Dauch, the company's Chief Executive Officer, noted that given the company had made significant progress over the past two years, it was also taking measures to shore up its financial position so that its goals could be reached. He went on to say that as part of those efforts, the company needed the freedom to issue more shares of its common stock.
MyMD Pharmaceuticals Inc (NASDAQ: MYMD) - The clinical-stage pharmaceutical company is working on MYMD-1, an oral selective inhibitor of TNF-a, which drives chronic inflammation. The company is studying it to slow down the aging process, frailty, extend lifespan and prevent the onset of sarcopenia.
On July 31, MyMD Pharmaceuticals Inc announced that in the randomized Phase 2 study the product managed to hit its primary endpoint of reducing chronic inflammatory markets significantly in participants. The company went on to note that MYMD-1 had the potential of being the first United States Food and Drug Administration-approved drug for the prevention of sarcopenia. Sarcopenia is an age-related condition that leads to deterioration in physical functions.
Chris Chapman, the Chief Medical Officer, President, and Director of the company, noted that everyone at the company was excited about the latest results, which indicated statistically significant reductions in all three inflammatory markers.
Kaival Brands Innovations Group Inc (NASDAQ:KAVL) The company is the exclusive distributor of products from BIDI Vapor LLC, including the BIDI Stick, an electronic nicotine delivery system (ENDS). On June 15 Kaival Brands Innovations Group Inc announced that it had made the initial shipment of the BIDI Stick product to 900 Kwik Trip and Mapco outlets. Kaival Brands Innovations Group Inc plans to take that number up to 1500 by the end of the year, with Kwik Trip outlets making up more than 900 of those.
The announcement was made a day after the company had announced that it had made an initial BIDI Stick shipment to more than 1000 Circle K outlets. Kaival Brands Innovations Group plans to boost that number to 5000 outlets through the rest of the year in the Midwest and South Atlantic regions in the United States. All these retailers would stick to the stringent requirements with regard to youth access prevention and sell only to adults.
Houston Natural Resources Corporation Inc (OTC: HNRC) – Recently the company announced that it had completed the acquisition of a 100% stake in Cunningham Energy LLC. Houston Natural Resources Corporation Inc further noted that the transaction took its net asset value to $3.35 a share. Previously, the company had picked up a 9.9% stake in Cunningham.
Following the transaction, Ryan Cunningham would continue to be in charge of Cunningham Energy. The company completed the acquisition through the issuance of preferred and common stock. At the time it was noted that the company was also interested in changing its name to Cunningham Natural Resources Corporation Inc from Houston Natural Resources Corporation Inc. The new entity is going to be focused on oil and gas opportunities in addition to energy transition materials. Sustainability will be at the core of the business strategy but the entity will look for opportunities globally.
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