And a rapidly recovering global economy, investors will not be too concerned with equity dilution at this stage.įounded in 2015, Canadian automaker Electrameccanica Vehicles manufactures a purpose-built, single-seat three-wheeled electric vehicle (EV) called the SOLO. But with customers including major miners like Rio Tinto (NYSE: RIO), Vale (NYSE: VALE), and BHP Billton, among others. At the end of the latest quarter, Seanergy Maritime had $56.4 million in cash at hand, which will likely be used for fleet expansion - Seanergy is looking to expand its fleet and pare down debt in 2021 and beyond.Ĭonsidering its history, a majority of the cash will come from issuing equity. Also, net income came in at $2 million versus a net loss of $11.3 million last year, and adjusted EBITDA improved to $11.3 million, from negative $1.8 million in the second quarter of 2020.įor the first six months of the year, gross revenues were $50 million, a 116% jump over the year-ago period adjusted EBITDA was $19.2 million, compared to a negative adjusted EBITDA of $0.5 million in the same period of 2020. Seanergy ended up with gross revenues of $28.9 million in the second quarter, a 209% year-over-year (YOY) increase.
However, it has made a nice recovery in 2021. The company’s fortunes mirrored that of its industry last year. It has a capsize fleet of 16 vessels with an average age of 11.8 years and an aggregate cargo-carrying capacity of approximately 2,823,878 tons deadweight (DWT). Seanergy Maritime is an international shipping company focusing on dry bulk cargo shipping. As developed and emerging markets ramp up demand for this energy source, expect UEC stock to shoot upward. And now that commodity prices are on their way up, UEC stock becomes an interesting speculative play on the uranium price. Due to these policies, many analysts believe uranium is all set for a multi-year bull market.Ĭollectively, Uranium Energy is highly dependent upon the commodity price. China intends to generate one-third of its uranium domestically, obtain one-third through foreign equity in mines and joint ventures overseas, and buy one-third on the open market. President Joe Biden has shared a plan to invest in restoring and reclaiming uranium mines. The market for nuclear fuel has been heating up as governments see a role for nuclear power in their clean energy efforts. Since then, 2015, it has returned to being a uranium explorer as commodity price has been too low to warrant the mining costs. It then evolved into a uranium explorer and then into a uranium miner. It was initially incorporated in 2003 under the name Carlin Gold operating as a precious metal explorer. Uranium Energy is a U.S.-based uranium mining and exploration company providing exposure to uranium projects in the United States, Canada, and Paraguay. Now, let’s dive in and take a closer look at each one. ElectraMeccanica Vehicles (NASDAQ: SOLO).NovaBay Pharmaceuticals (NYSEAMERICAN: NBY).That said, this list will provide you with five very popular names on the Robinhood app that happen to be penny stocks with solid stories behind them.
You never know when you could miss out on a hidden gem. And because of this, it’s crucial to stay up to date regarding the latest trends in the niche. But it’s important to realize Ford Motor (NYSE: F), Apple (NASDAQ: AAPL) and Monster Beverage (NASDAQ: MNST) were once penny stocks. Penny stocks are volatile and can generate catastrophic losses. Overall, a penny stock refers to a small company’s stock that typically trades for less than $5 per share. In fact, several interesting penny stocks are gathering a lot of steam on the platform. Nonetheless, no one can discount the impact Reddit users using Robinhood have made in recent months. That can lead to some interesting stock picks. The application is synonymous with millennial traders that tend to go with their gut. And although the company has completely revolutionized how we trade, skepticism is still rife.
Robinhood is making waves these days on account of its blockbuster IPO.
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