24/7 Market News Weekly Wrap and Watch List
I hope that you’re enjoying your weekend and getting ready for another big week.
The Headliners
Brera Holdings (NASDAQ:BREA) and Kraig Biocraft Laboratories (OTCQB:KBLB) are counting down to their separate transformative catalysts.
Professional sports is now one of the best investments, across all classes, to the point that Goldman Sachs (NYSE:GS) formed its Sports Franchise in Investment Banking division, in September 2023, to provide its wealthy clients access to investments in sports teams, leagues, and stadiums, as sports franchise values are projected to continue to surge, and JPMorgan Chase (NYSE:JPM) created a new “Sports Investment Banking Coverage” team, in a move that allows the bank to tap an increasingly profitable industry.
We’ve been reporting Brera’s (NASDAQ:BREA) professional football (soccer) acquisition activities, which is receiving plenty of coverage in the European press and Italian fan sites, and Brera turned the heat up by more than a few notches, by appointing Maria Xing as its new Head of Investments and Corporate Development. While we await more news, you can read Brera’s current news here.
Kraig Labs (OTCQB:KBLB) concluding its new BAM-1 hybrid Spring production trials, which exceeded all expectations for scale, performance and robustness, and were an unabashed success, proving that the BAM-1 recombinant spider silk hybrids are ready for rapid production expansion, following what was seen to be the most fruitful and successful production cycle in the Company’s history.
Read KBLB’s new profile report page
Renowned sericulture expert and Kraig Labs executive consultant, Dr. Nirmal Kumar, oversaw the production cycle from start to finish, including rearing and selective breeding. Careful and meticulous testing throughout the entire production trial demonstrated that the BAM-1 parental lines were the strongest and most resilient lines Kraig Labs has ever developed.
Observation and screening conducted throughout all phases of production exceeded all expectations for health and vigor within the colony. Not a single instance of disease or infection was detected at any point during the entire cycle. This result surprised local silkworm experts observing the trials. Working with mundane silkworms, they had never experienced an entire production cycle from egg to egg without any disease in a batch of thousands of silkworms.
Under the guidance of Dr. Nirmal Kumar and through a meticulous, statistically-based selective breeding protocol, the parental strains for the BAM-1 hybrid were further optimized during the production cycle. The enhancements to the parental lines from this careful breeding program were designed to deliver larger cocoons with improved reeling characteristics and higher yields.
“I am proud of the work accomplished and very impressed by the performance of the BAM-1 silkworm lines,” Dr. Nirmal Kumar, stated. “The luster of the BAM-1 silk is very unique and desirable. When paired with its strength, we have created a silk that can’t be matched. The results of these trials exceeded our expectations. We are now on a solid foundation to scale production of the BAM-1 hybrid to metric ton levels.”
“The BAM-1 parental lines have proven to be the strongest and most resilient we have ever fielded,” said Company founder and CEO, Kim Thompson. “This production run greatly exceeded our targets and has prepared us for the next phase of our business plan. With these production trials successfully concluded, we are now aggressively implementing the next phase of our business plan, which will expand our operations and target multiple production locations in multiple countries.”
Thompson and Dr. Nirmal Kumar have spent the last two months directly overseeing these trials, selecting facilities for expansion, reviewing operational protocols, and meeting with officials and business leaders regarding the Company’s immediate plans. Thompson is now returning to the U.S. to enact the next stages of its spider silk production expansion plan and complete the Company’s transition from a technology developer to a large-scale spider silk manufacturer.
MoBot’s Movers
MoBot is on fire. It seemed like every other alert concerned a listing that doubled, tripled, quadrupled, or even better. Amazing!
It’s been a long time since microcap fans saw a week like last week.
MoBot alerted Faraday Future Intelligent Electric (NASDAQ:FFIE) multiple times during its epic run, starting with its first one at $0.05, on May 7 and again at $0.081 Monday morning. It went on to trade over a billion shares four days this week and hit $3.90 on Friday, but the party ended.
AMC (NYSE:AMC) alerted at $3.492, on Monday, and it broke $15 the following premarket session, but a couple of funding announcements killed their momentum.
Koss Corp (NASDAQ:KOSS) alerted at $3.927, on Monday, and it almost hit $7 the next day.
Novavax Inc (NASDAQ:NVAX) alerted Monday morning at $10.659 and it nearly doubled in the next premarket session. Mobot first alerted this move at $5.915 on May 10.
SunPower Corporation (NASDAQ:SPWR) at $2.76, Monday, and it hit $8 in the next premarket.
MicroCloud Hologram (NASDAQ:HOLO) at $2.042, Monday; it broke $4 Tuesday morning.
MMTec (NASDAQ:MTC) at $2.784, last week; it hit a new 52-week high, $12.90, Tuesday.
AST SpaceMobile (NASDAQ:ASTS) at $2.565 and it doubled to $5.12
AERWINS (NASDAQ:AWIN) at $3.957 and $3.806. It double topped just below $10.
Lucy Scientific Discovery (NASDAQ:LSDI) at $1.011, in the premarket and it quickly broke $3.
iPower (NASDAQ:IPW) at $1.225 and it hit a 52-week high of $3.48. Keep on your radar, in case it consolidates at this level.
Fangdd Network (NASDAQ:DUO) alerted at $1.027, on Friday, and it broke $2.25.
FLJ (NASDAQ:FLJ) alerted Friday morning, at $1.108, and a few hours later. it hit $2.75.
It’s been a long time since microcap fans saw a week like last week. here are just a few;
Selina Hospitality (NASDAQ:SLNA) at $0.055, Tuesday morning, and it broke a quarter in Friday’s premarket.
SiNtx Technologies (NASDAQ:SINT) at $ 0.045 and it ran to 23-cents.
Bruush Oral Care (NASDAQ:BRSH) at $0.068 and it broke 30-cents in premarket action.
Crown Electrokinetics (NASDAQ:CRKN) alerted at $0.056 and again at $0.053, Monday morning. It traded billions of shares a few days and hit 60-cents on Friday, but it finally popped.
Greenwave (NASDAQ:GWAV) at $0.051 and again, at $0.047; it hit 30-cents.
Akanda (NASDAQ:AKAN) at $0.106 and again at $0.097, on Wednesday, and it almost hit 60-cents.
Pineapple Energy (NASDAQ:PEGY) at $0.063 and it hit a quarter.
Jeffs’ Brands (NASDAQ:JFBR) at 28-cents and it hit 73-cents. Keep on your radar, since it has very little resistance to $1.25
NovaBay (NYSE:NBY) at $0.095 and it hit 26-cents.
Nuburu (NYSE:BURU) at $0.123 and it double topped at 39-cents.
Kaixin Holdings (NASDAQ:KXIN) at $0.169 and it broke 50-cents in the next premarket.
Watchlist
Platinum Group Metals (NYSE:PLG) alerted Wednesday at $1.615 and it closed Friday at $1.88, a new 52-week high.
ASP Isotopes (NASDAQ:ASPI) alerted Wednesday at $4.311 and hit a new 52-week high on Friday. It’s pulled back, but still has a nice chart.
SCYNEXIS (NASDAQ:SCYX) alerted at $2.245, on Wednesday, and it has a gap that it looks like it wants to fill.
Complete Solaria (NASDAQ:CSLR) also on Wednesday, at $1.008. This one, like Tupperware Brands (NYSE:TUP), may be dependent on how the meme plays react next week.
Sable Offshore (NYSE:SOC) alerted at 13.88 and hit a hit a new 52-week high on Friday. It’s at risk of outrunning its support, but it may try to consolidate.
Eledon Pharmaceuticals (NASDAQ:ELDN) alerted at $2.799, on Thursday, and it hit a new 52-week high on Friday.
Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) alerted on Thursday, at $11.759, and it hit a new 52-week high on Friday.
Cheetah Net Supply Chain (NASDAQ:CTNT) alerted at 4.806 and $3.937, Monday morning, and it closed Friday near its new 52-week high, at 10.80.
Avino Silver & Gold Mines (NYSE:ASM) alerted Friday at $1.004 and it hit a new 52-week high.
Coeur Mining (NYSE:CDE) at $5.895 on Friday and it hit a new 52-week high.
Taseko Mines (NYSE:TGB) at $2.995 and it hit a new 52-week high.
Enjoy the rest of your weekend and get ready for another big week.