MIAMI, July 13, 2016 /PRNewswire/ --
DailyStockReporter.com Briefing: Wednesday morning markets are slightly down with oil holding much of the weight. Crude inventories fell by 2.5 million barrels in the last week, compared with analysts' expectations for a decrease of 3 million barrels. But this hasn't held down the entire market. In fact many stocks have begun to see record trading volume and new highs for the week. Here are four stocks that we've found to be meeting these criteria and are ones we will be watching closely this week:
IDdriven Inc. (OTC: IDDR) (OTCQB: IDDR) started to see a surge of trading late in the afternoon yesterday and ended up closing at the high of day at $0.295. The trend has continued into the Wednesday morning session with shares of IDDR remaining in a bull trend to reach morning highs (at the time of this briefing) of $0.3099. On Wednesday, the company released news that it has established a new channel partnership with leading European IAM technology firm, PATECCO. The goal of this new partnership is to further establish strength in the EU and build out a solid footprint for European sales.
IDDR is involved in a segment of the SaaS (software as a service) marketplace known as Identity Access Management or "IAM". Reports project this segment alone to be valued at north of $24Billion by 2020 (GrandView Research). IDDR has been working to solidify new industry relationships and within the last few weeks the company has been making several key announcements. This includes receiving funding by Oxford Computer Group while also having developed a proprietary interface software to be used to seamlessly connect the Company's IDaaS solution with Microsoft's Identity Manager Software program.
Just last week IDDR released press and announced it has partnered with Zeva, Inc., a leading reseller of enterprise technology solutions that specializes in Identity Access Management. What's the significance here? Well being that the IDDR solution is targeted mostly toward enterprise scale businesses, Zeva's current client portfolio could open a HUGE door to opportunity for IDDR. Zeva's clients include Boeing, General Dynamics, Chevron, American Museum of Natural History, US Government and many others.
Rennova Health, Inc. (NASDAQ: RNVA) has also gotten off to a strong start on Wednesday. Shares are up nearly 20% from its previous close and more than 30% from the opening bell. A few weeks ago the company announced that it has entered into a preferred provider network agreement with Three Rivers Provider Network. Under the agreement, TRPN's more than 200 million members serviced at 1.5 million healthcare locations across the U.S. will now have access to Rennova's industry-leading and high-complexity diagnostic testing laboratories.
Seamus Lagan, CEO of Rennova Health, Inc stated, "In-network payer contracts significantly strengthen our business and hold potential to increase predictable and dependable revenue from patients we could not otherwise service. As our sector moves from fee-based to outcomes-based reimbursements, our mission to have our clinical labs included as a preferred provider with payers, along with our ability to provide fully integrated software solutions, are key to achieving sustainable growth."
Today has been one of the most active days in the stock's history after having traded more than 2.6 million shares before the lunch hour.
Life Clips, Inc. (OTC: LCLP) has made some of its biggest updates within the last few weeks. LCLP revealed the company's current list of retailers included for the soft launch of its Mobeego® single use charging device. Outlets include B & H Photo Video in New York City as well as several outlets in MGM properties in Las Vegas, NV. "Welcome to the U.S.A Mobeego®!," said CEO Bob Gruder. "I would like to thank our shareholders, distributors & our entire team for making this possible. Mobeego® is a revenue producing, recognizable brand in 14 different countries & it's time the United States gets its fair share of the pie."
Earlier this week the company announced Monday (7/11) morning that the Mobeego has officially entered "The Land Down Under"! Mobeego is now available in Australia, via Shimi Spigler, Life Clips'® Australian distributor. Since making this announcement, shares have begun to trade higher this week as LCLP has reach price levels of $0.55. Over the course of the last few weeks, LCLP has managed to increase in price to as high as $0.70.
SAExploration Holdings, Inc (NASDAQ: SAEX) has been generating much more attention during the summer, which has followed a recent restructuring announcement with company insiders. SAE entered into a comprehensive restructuring support agreement with holders of approximately 66% of the par value of SAE's 10.000% Senior Secured Notes due 2019 "pursuant to which the Supporting Holders and SAE have agreed to enter into and implement a proposed comprehensive restructuring of SAE's balance sheet, which will include an agreement to fund up to $30 million in new capital."
This comes as a follow up to the company's strong earning report that was released late in May where SAE highlighted several key milestones that were hit. These include:
- Revenue of $90.2 million, up 13.1% from $79.7 million in 2015
- Gross profit, excluding depreciation expense, of $30.6 million, an increase of 20.6% from $25.4 million last year
- Gross margin, excluding depreciation expense, of 34.0%, up from 31.9% in 2015
- Adjusted EBITDA of $24.3 million, an increase of 42.0% from $17.1 million last year
Wednesday, shares are up nearly 50% from Tuesday's close and volume has been well above average considering the most amount of shares traded in a single day within the last 10 days was previously at 11.6M. Today the stock has already traded more than 11.2M prior to the lunch hour
DISCLAIMER: DailyStockReporter.com is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with DailyStockReporter.com or any company mentioned herein. The commentary, views and opinions expressed in this release by DailyStockReporter.com are solely those of DailyStockReporter.com and are not shared by and do not reflect in any manner the views or opinions of FNM. The companies that are discussed herein may or may not have approved the statements made in this release. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.
FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
SOURCE FN Media Group, LLC