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Kaixin Auto (KXIN) Stock Rallies On Deal To Acquire EV Manufacturer
Kaixin Auto (NASDAQ: KXIN) shares are rallying premarket after it announced that it has reached a binding term sheet to acquire 100% equity of Henan Yujie Times Automobile through new share issuance. Yujie is a Chinese electronic vehicles manufact
Parity Group (PTY) Shares Fall After Failure To Develop a Sustainable Consulting Business
Parity Group (LON: PTY) shares have fallen after the company said its trading in the first half of the year has been impacted by underinvestment in the core recruitment solutions business. The professional services firm also said that the failure
MGC Pharma (MXC) Shares Surge On $24m agreement with US firm AMC Holdings
Shares of MGC Pharma (LON: MXC) have surged on Thursday after it signed a binding US Market Supply and Distribution Agreement with US company AMC Holdings Inc. The initial three-year deal has minimum orders of $24 million for MGC products, includi
Bidstack Announces New Partnership With Motionlab Interactive
Bidstack (LON: BIDS) announced on Thursday that it has established a new partnership with Motionlab Interactive for the mobile game PDC Darts Match. Bidstack said the new game, which is "the only darts game in the world to be fully endorsed by the
Urban Outfitters Share Price Falls 9% Despite Earnings Beat
Urban Outfitters (NASDAQ: URBN) shares tumbled on Wednesday despite a positive Q2 report that saw it top earnings estimates. The retail corporation reported a net income of $127 million and earnings per share of $1.28, beating the $0.79 expected.
Dicks Sporting Goods Gain 14.5% After Reporting Record Profit
Dicks Sporting Goods (NYSE: DKS) reported second-quarter earnings on Wednesday that saw record profit and sales, exceeding expectations due to strong consumer demand. The firm's second-quarter earnings per share reached $5.08 compared to $3.21 a y
Challenger Energy (CEG) Shares Plunge After Failing To Achieve Sustained Production
Challenger Energy (LON: CEG) shares have plunged on Wednesday after the company released an update on the ongoing production testing of the Saffron-2 appraisal well. Challenger said that the well in Trinidad has been successfully drilled and compl
Locust Walk Acquisition Stock Skyrockets As Business Combination With eFFECTOR Therapeutics Approved
Locust Walk Acquisition's (NASDAQ: LWAC) stock has surged premarket on Wednesday after stockholders approved all proposals related to the business combination with eFFECTOR Therapeutics. SPAC firm Locust Walk said approximately 93.2% of the votes
Contango Shares Surged 32.2% After Confirming Negotiations With Two Steel Firms
Shares of Contango Holdings PLC (LON: CGO) soared 32.2% after confirming that it was in talks with two large stainless steel giants amid rumours that it was about to sign a potential offtake deal with Afrochine. The company issued a statement clar
XPeng (XPEV) Shares Edge Higher Premarket After Exporting P7 Sedan To Norway For The First Time
XPeng (NYSE: XPEV) shares are edging higher premarket on Wednesday after the company said it has started shipping its flagship P7 model to Europe for the first time. The vehicles will be sent from Guangzhou in China to Norway. It marks the first t
Oriole Resources (ORR) Shares Gain After Noting Excellent Exploration Progress
Oriole Resources (LON: ORR) shares have gained 7% on Wednesday after the company noted its excellent exploration progress when releasing its unaudited Interim Results for the six months ended 30 June.
Thor Mining (THR) Shares Spike Higher on Upbeat Initial Drill Results at Alford East
Shares of Thor Mining Plc (LON: THR) spiked 11.26% higher after announcing that it had completed the initial drilling programme at its Alford East project, where it discovered high-grade gold and copper deposits. The mining company noted that init
ARC Minerals Shares Edge Higher After a New Zambian President Assumed Office
ARC Minerals Ltd (LON: ARCM)shares edged 4.23% higher today, building on yesterday’s bullish momentum after a new Zambian President was sworn into office. The new president Mr Hakainde Hichilema is a leading supporter of the country’s mining indus
Best Buy (BBY) Shares Gain On Solid Earnings Report
Best Buy (NYSE: BBY) reported positive growth for its second quarter on Tuesday, causing its share price to climb 4.33% higher. The consumer electronics retailer saw revenue grow to $11.01bn, a 20.6% increase compared to the previous year. The com
Here’s Why GCM Resources Shares Surged 30.8% Today
Shares of GCM Resources PLC (LON: GCM) surged 30.8% today despite the company not making any new announcements to trigger the sharp rally. We can only speculate about the exact triggers behind today’s rally, the most likely cause being the accumul
GuideWell to Acquire Triple-S Management, Stock Jumps 44%
Triple-S Management (NYSE: GTS) shares are rallying premarket after it was announced that GuideWell Mutual will acquire the company in a deal worth $900 million. Health solutions firm GuideWell will acquire all the outstanding shares of Triple-S M
Bio-Path (BPTH) Stock Surges After Clearance of Investigational New Drug Application
Bio-Path Holdings (NASDAQ: BPTH) shares are rallying premarket on Tuesday after the company announced that the US Food and Drug Administration (FDA) has reviewed and cleared the Investigational New Drug (IND) application for BP1002. BP1002 is the
Greatland Gold (GGP) Shares Rallied After the Scallywag Drilling Programme Kicked Off
Shares of Greatland Gold plc (LON: GGP) rallied 4.84% after revealing that it had started the drilling operations at its 100% owned Scallywag licence in the Paterson province in Western Australia. The mining and exploration company clarified that
Alba Mineral Resources Shares Edge Higher After Completion of Phase 2 Drilling
On Tuesday, Alba Mineral Resources (LON: ALBA) said that it has successfully completed drilling operations at the Thule Black Sands Project in northern Greenland. Alba's subsidiary, White Eagle Resources, completed the drilling to expand and upgra
Scottish Mortgage (SMT) Shares Edge Higher As Investors’ Bias Favours Biotech Firms
Scottish Mortgage Investment Trust PLC (LON: SMT) shares are up 2.3% after investor sentiment towards biotech and growth stocks turned positive on yesterday’s FDA decision. The positive sentiment indicates a broader market shift towards growth and