Shares of Equillium, a pharmaceutical company valued at $27.7 million, surged over 10% on Thursday, June 13, following the announcement of its upcoming inclusion in the Russell Microcap Index starting July 1. Details On Thursday, Equillium’s stock price increased by 10.5% on the Nasdaq, closing at $0.79 per share. However,…
Shares of NewLake Capital Partners, a real estate firm specializing in properties for licensed cannabis producers, rose by 2% on Thursday, June 13. The company announced that it would pay a dividend of $0.43 per share for the second quarter of 2024. Details NewLake Capital Partners’ stock price increased by…
Shares of Intelligent Bio Solutions, whose technology enables drug testing through fingerprints, rose more than 13% on Wednesday, June 12. The company announced a new contract with a European provider of transportation and infrastructure solutions. Details Intelligent Bio Solutions (INBS) shares on Nasdaq rose by over 13% on Wednesday, June…
Shares of the Hong Kong-based ready-made meal provider, DayDayCook, skyrocketed nearly 200% during trading on June 12th in New York.The company unveiled its acquisition of the Asian food brand, Omsom, earlier that day. Details DDC’s stocks saw a nearly 200% surge by the close of Wednesday’s session, reaching $1.54 per…
The stock price of La Rosa Holdings, which provides brokerage and related services in the real estate sector, fell nearly 4% in premarket trading on June 12. After the market closed the previous day, the company announced it might sell up to 19% of its increased share capital to investors.…
Shares of the mining company Contango ORE, which has a market capitalization of $189.17 million, plummeted more than 21% during trading on Tuesday, June 11. The company announced a $15 million secondary offering that day, during which shares would be available at a discount. Details Contango ORE, a company engaged…
The story of the Swedish seller of snus and nicotine pouches, Haypp Group, began in 2009 in a garage in southern Stockholm. Two 19-year-old friends, Henrik Nordström and Linus Liljegren, were avid consumers of snus, but were disappointed with the assortment available in local stores. So they decided to take…
According to a survey by Freedom Broker, analysts have lowered the target share price for Kazakhtelecom by 8.2%, from $95.70 to $87.85. This estimation is based on the operator’s latest quarterly report, which experts have read as moderately negative. Despite this, analysts recommend investors hold the stock as its price…
The slowdown of inflation in the US is boosting the attractiveness of investing in small and mid-cap mid-cap companies in the American market. Despite their valuations being incomparable to market leaders, such companies offer huge opportunities for investors. Recent data from the US Department of Labor has encouraged investors: job…
People are keen to trust people in uniforms. In the age of artificial intelligence and fake images, it might be too dangerous. Nikolai Legkodimov, a tech expert, shares his thoughts about these risks in his op-ed. Near the home stadium of the German football club “Union”, famous among other things…
The Consumer Confidence Index (CCI) has been gradually declining since early January after active growth in late 2023. It is still in the positive zone, though. Inflation is also slowing down, which is why Kazakhstanis less often report price increases looking back to last year and last month. They’ve also…
Following the start of trading with Air Astana’s stocks on the KASE and AIX, the airline has summarized the results of its initial public offering (IPO). According to the company, the total number of orders for the stock surpassed its supply, thanks to the support of Kazakhstani and international investors.…
Freedom Finance Global is going to provide investors an opportunity to acquire stocks and global depository receipts (GDR) of Air Astana on the AIX and London Stock Exchange (LSE) before the start of the standard trading session scheduled on February 15, according to a press release by the AIX. Premarket…
Nearly 220 years ago, in January 1802, a heinous crime was committed in London. A certain George Forster murdered his wife and child, discarding their bodies in a canal. While Forster’s conflicts with his wife were well-known, it was the immediate discovery of her body contrasted with the three-day search…
Even though Jusan Invest’s analysts described the last production report by Kazatomprom as «fundamentally negative,» they have recommended buying the stocks as their price can surge by 40%. The authors of the report have set the target price for Kazatomprom’s stock at $62.40 with the recommendation «to buy,» although they…
The Ministry of National Economy has added Mobile Telecom Service LLC to the list of entities that must be transferred to the private sector before 2025. Mobile Telecom runs two mobile operators, Tele2 and Altel, and belongs to Kazakhtelecom. The corresponding adjustments in the document were published on the legalacts.egov.kz…
Independent examination by Morgan, Lewis & Bockius LLP and Forensic Risk Alliance has proven that accusations against Freedom Holding Corp. presented in a report by Hindenburg Research were false, according to a press release by the holding. The legal firm Morgan, Lewis & Bockius was established in the U.S. in…
The Association of Financiers of Kazakhstan (AFK) has summed up the results of 2023 for the country’s stock market. In its review of the market, the AFK analyzed the performance of stock indexes, the stock value of leading Kazakhstani companies and the pool of retail investors and assets under management…
The Astana International Exchange (AIX), a trading platform within the Astana International Financial Center (AIFC), has reported its results for 2023. Over the past twelve months, the total volume of trade at the exchange has grown more than threefold from $173 million to $582 million. The stock market, in turn,…
The current shareholders of Kaspi.kz are going to sell around nine million depository receipts during an initial public offering on Nasdaq, according to a report filed to the U.S. Securities and Exchanges Commission (SEC), Bloomberg reported. By now, depository receipts issued by the fintech group are traded on the London…
Intensity Therapeutics, a U.S. company that produces drugs specifically designed to treat breast cancer, has presented the results of its latest studies that have proven 95% efficacy of the INT230-6 drug against cancer cells. As a result, the company’s stock value has risen by 2.5 times. In June 2023, Intensity…
The Turkish market of IPOs has demonstrated record-high results this year, both in terms of the number of companies that went public and the amount of funds that have been raised. In 2023, Turkish companies raised more than $2.3 billion through IPOs. In November, Borsa Istanbul conducted an opening bell-ringing…
Hedge funds that bet on short positions have lost more than $43 billion due to a market rally on the U.S. stock market in less than a week. Short sellers who shorted against companies with growing borrowing costs over at least the past twelve months have been severely hit by…
DayDayCook (DDC), a Chinese food company that went public in the middle of November, can repurchase part of its shares in order to support its share price, two people familiar with the matter told Kursiv. As of Tuesday, the stock price was 33% lower than during the initial offering. Details…
