24/7 Market News- Weekly Kickoff for August 1, 2022

(24/7 MARKET NEWS) ToughBuilt Industries Inc. (NASDAQ: TBLT) and GeoVax Labs Inc. (NASDAQ: GOVX) were last week’s two big trades and they’re well positioned for a continued move higher.

ToughBuilt closed Friday at $7.09, $1.23 higher (+20.99%) on the day, on 79,747,000 shares traded, but off its $8.96.

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GeoVax closed $2.73, up 74 cents (+37.19%), but also off its session high of $3.39. The 182,472,886 shares traded on Friday suggests that this also will remain in the spotlight.

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A number of other biotech listings are well positioned for this week, like Senti Biosciences Inc. (NASDAQ: SNTI), which closed Friday at $3.13, $1.27 higher (+68.28%), on 45,201,223 shares traded. Obviously, this was a massive move, but, if it can consolidate near this level, it doesn’t have much resistance between here and the $10 level.

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CorMedix Inc. (NASDAQ: CRMD) is another biotech that’s made a great move and, although it closed Friday lower, it’s setup for further potential gains. It closed at $5.35, down $0.12 (-2.19%).

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Olema Pharmaceuticals Inc. (NASDAQ: OLMA) is another one with an incredibly compelling chart that also closed Friday slightly down, at $5.02, off by a penny (-0.20%), on 178,628 shares.

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Blue Water Vaccines Inc. (NASDAQ: BWV) made a great move, let’s see if it can consolidate and make another move higher. Blue Water closed Friday at $3.35, up $0.38 (+12.79%), on 3,342,584 shares traded.

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Acutus Medical Inc. (NASDAQ: AFIB) is yet another interesting biotech chart; it’s made a nice reversal, but needs bigger volume. Acutus closed higher $1.56, up $0.12 (+8.33%) on 306,977 shares.

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Closing out the biotechs; Assertio Holdings Inc. (NASDAQ: ASRT) hit a new 52-week high on Friday, of $4.145. it closed at $3.90, 26 cents higher (+7.14%), on 3,779,411 shares traded.

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Energy is also in play.

Eos Energy Enterprises Inc. (NASDAQ: EOSE) was on of Friday’s big movers, closing at $3.17, up $0.48 (+17.84%), on 6,331,092 shares traded.

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Borr Drilling Ltd. (NYSE: BORR) reversed from its downhill course about two weeks ago and closed Friday at $3.84, 43 cents higher (+12.61%), on 1,628,605 shares.

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If Gevo Inc. (NASDAQ: GEVO) can continue its trading volume, it may break through the $3 resistance. It closed Friday at $2.94, 16 cents higher (+5.76%) and near its $2.95 high of the day, on 13,240,669 shares.

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Houston American Energy Corp. (ASE: HUSA) has shown that it’s more than capable of making strong moves, so it’s another one to keep on your screen. It closed Friday at $4.41 (+7.04%), up $0.29, on 2,531,106 shares.

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Finally, we’re keeping an eye on Blockchain and Fintech, because many have made recent moves higher and may be consolidating to keep most of their gains, but, if there’s no follow-through. they could also roll over.

Riot Blockchain Inc. (NASDAQ: RIOT) closed Friday at $7.32, down 8 cents (-1.08%), on 14,528,861 shares.

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Applied Blockchain Inc. (NASDAQ: APLD) was also 8 cents lower (-3.64%), closing Friday at $2.12, on 3,155,527 shares.

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Another one that trying to consolidate, after a nice move, is Stronghold Digital Mining Inc. (NASDAQ: SDIG), which closed Friday at $2.51, up a nickel (+2.03%), on 1,638,084 shares.

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24/7 MARKET NEWS, INC Disclaimer

24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.

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