Orbital Energy Group Inc [NASDAQ: OEG]
Orbital Energy Group, Inc is a top gainer in pre-market trading. Though it has no major news, the stock is riding on strong quarterly results a few weeks ago. The financial report shows the company’s financial performance in the just-ended financial year, capturing the effects of the ongoing global pandemic of COVID-19. The company recorded a gross profit of $1 million despite the tumultuous pandemic period but had an operating loss of $7.2 million as compared with the previous year where they recorded an operating loss of $3.2 million. This year’s operating loss, however, is also partly due to the acquisition of Reach Construction Group. Jim O’Neil, the CEO, and vice-chairman of the company noted their continued transformation in the energy sector despite the challenges most corporations have been facing this year.
Rockwell Medical Inc [NASDAQ: RMTI]
Rockwell Medical Inc is another stock riding on the strength of recent news that could impact on its bottom-line. A while back, Rockwell Medical, Inc., a company in the biopharmaceutical industry with a focus on treating iron deficiency and anaemia management, announced today that it has hired Russel L. Skitbusted, M.B.A., as the company’s Chief Business Officer, Chief Financial Officer, and Executive Vice President. Russel’s responsibilities will include financial operations, business development, and investor relations. The President and Chief Executive Officer of Rockwell Medical, Russell Ellison, M.D., M.Sc., said that the company was pleased to hire Russell in his capacity considering his wealth of experience in other publicly traded biotechnology companies in similar capacities. He further said that Russell will be a great addition to the attainment of the Rockwell Medical going forward.
ALJ Regional Holdings, Inc [NASDAQ: ALJJ]
ALJ Regional Holdings Inc., today announced its financial updates of the fiscal fourth quarter of the year ended September 30, 2020. According to the company’s Chief Executive Officer, Jess Ravich, the company showed continued improvement in the fiscal fourth quarter of 2020. As a result of high trade volumes for books and other trade components, the Phoenix results were much stronger than expected. Following these results, he projects that the corporation could record higher results than the forecasted adjusting to EBITDA. As of the moment, the forecasting adjusted to EBITDA is in the range of $8 to $9 million in the last three months ended September as compared to $5.3 to $6 million in the corporation’s third quarter. This is likely to keep the stock gaining in the near-term.