Traders Cafe with Zak Mir: Argo Blockchain, Brandshield, KR1, Tern, Tirupati Graphite, Valereum Blockchain
One of the issues as far as the stock market in the post pandemic environment is that it has become increasingly backward looking, and unimaginative. It is interesting that graphite / graphene specialist (TGR) announced its potentially world beating / Copper Killer, a Graphene / Aluminium composite with up to 95% the conductivity of Copper at the start of May. Now over a month later, thanks to coverage of the company in The Telegraph’s Questor column it would appear that the penny has finally dropped in terms of investors. Shares of Tirupati rallied 13% to clear the 100p level once more.
There was decent follow through in the wake of technology builder (VLRM) presenting at a London South East Aquis Special. In this, Chairman Richard Poulden pinned a £10 a share target on Valereum shares. The stock peaked the session after at 44p, an new intraday all time high, and with £9.56 to go to reach their appointed target for the company which is set to bridge the worlds of fiat and crypto via its new NFT (Non-FungibleToken) securities financial platform as announced last month.
Sticking with the digital asset space, and it was the turn of shares in crypto miner (ARB) saw its shares spike 32p to 156p, despite Bitcoin only rallying a few percent. Some traders were suggesting that there was a short squeeze in motion. Perhaps a more concrete explanation is that after peaking at 339p in February and briefly falling below 100p last month, the attraction of what is still a standout offering on the London market remains in place.
The same can be said of digital asset investor (KR1), which has been and continues to be one of the leading lights on the Aquis market. The latest here is KR1’s participation in the Shiden crowdloan and upcoming Kusama (KSM) parachain auction. KR1 contributed a total of 10,000 KSM, equivalent to US$4,449,700 at the time of the contribution, to the Shiden crowdloan campaign. Shiden natively supports the Ethereum Virtual Machine, WebAssembly and multiple Layer 2 solutions from day one, which enables various applications like DeFi, NFTs and more. KR1 shares rose 7% to 138p.
On the subject of alleged squeezed shorts, the recent positive consolidation of shares of internet of things specialist (TERN) at the higher levels has continued. With the former criticism in certain quarters of the company of there being a lack of liquidity events, the latest announcement of a proposed IPO and admission to trading on the NASDAQ First North Growth Market in Stockholm of the newly incorporated holding company of portfolio company, Wyld Networks Limited. The float of Wyld Networks AB, should be something to satisfy all but the more stuck in the mud detractors. Shares of Tern were up 1p to 25p.
Finally, with its shares still hovering near their IPO price, and the world being delivered all manner of cyber / online calamities on an almost daily basis, it may worth noting the price action of (BRSD) over the next couple of weeks. This is said in the wake of the company announcing its intention to announce its full year results for the period ended 31 December 2020 on 21 June 2021. The online threat hunter will likely be able to reveal rather more regarding its client base, and revenues than it has had the opportunity to since coming to market at the end of last year.
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