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Penny Stocks To Watch Tuesday 3/22/2016, If You Choose: FBEC Worldwide Inc (OTCMKTS:FBEC), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), Alexco Resource Corp. (USA) (NYSEMKT:AXU), Centrus Energy Corp (NYSEMKT:LEU)

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Daily Stock Reporter is issuing a report on four stocks to watch. FBEC Worldwide Inc (OTCMKTS:FBEC) , Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), Alexco Resource Corp. (USA) (NYSEMKT:AXU), and Centrus Energy Corp (NYSEMKT:LEU) have been added to our watchlist today. Continue reading to find out why. – To get daily alerts on top stocks on the OTCQB, OTCQX, Nasdaq, NYSE, and OTCBB, subscribe to our newsletter at DailyStockReporter.com.

FBEC Worldwide Inc (OTCMKTS:FBEC) recently amended its articles of incorporation in order to decrease its authorized shares of common stock, par value $0.001 per share, from 5,000,000,000 to 2,200,000,000. According to the company, this decrease was undertaken in order to tighten the capital structure of FBEC, and ease any shareholder concerns of material diluting events. During the last 30 days, shares of FBEC have traded between lows of $0.0141 and highs of $0.0297.  In a recent press release, CEO of FBEC, Jason Spatafora, stated, “We have come an extraordinary way in a short amount of time with FBEC Worldwide Inc.’s product portfolio and partnerships. As we begin to scale our operations to truly make this a national lifestyle brand, we have to allocate funds accordingly to meet agreed upon measures related to demand and production to make this possible.”

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is a company that embraces the challenge of improving health by looking to bring innovative medicines targeting G protein-coupled receptors to patients. Arena’s focus is discovering, developing and commercializing drugs to address unmet medical needs, and BELVIQ® (lorcaserin HCl) is Arena’s first internally discovered drug approved for marketing. The company recently released their 4Q and full year 2015 financials. “Arena took a number of important steps in 2015, including initiating two Phase 2 clinical trials, partnering two of our programs, filing a new drug application and reducing our internal expenses,” stated Harry F. Hixson, Jr., Arena’s interim CEO. In the last week ARNA has notched increases of 35.97% seeing highs of $1.89 in Tuesday’s trading session.

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Alexco Resource Corp. (USA) (NYSEMKT:AXU) owns the Bellekeno silver mine, one of several mineral properties held by Alexco, which encompass substantially all of the historical Keno Hill Silver District, located in Canada’s Yukon Territory. On March 15th the company announced its’ will release its 4Q and year end 2015 result Wednesday March 23rd, 2016. In the last week of trading AXU has seen a pps hike of 74.62% from lows of $0.67 to highs of $1.17 in Tuesday’s trading day.

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Centrus Energy Corp (NYSEMKT:LEU) is a trusted supplier of enriched uranium fuel for commercial nuclear power plants in the United States and around the world. The company yesterday 3/21/16 released 4Q and 2015 financials. “Our results for 2015 reflect our efforts to transform Centrus into the world’s most diversified nuclear fuel supplier,” quoted Daniel B. Poneman, Centrus president and CEO. “During the year we laid the groundwork for our future growth by amending our largest supply contract under mutually beneficial terms, while extending it through at least 2026. We also signed several new sales contracts to start rebuilding our order book.” LEU since Monday’s trading session is up 73.54% after hitting highs on Tuesday of $3.87.

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EGM FIRM INC which owns www.DailyStockReporter.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release.

EGM FIRM INC, which owns www.DailyStockReporter.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice.

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Biotech

CytoDyn Inc (OTCMKTS:CYDY) Regains Momentum After The Big Announcement

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Now that the market seems to be coming back into his elements, it could be time for investors to start looking into penny stocks more closely. These stocks may often be risky, but if one makes the right choice, then the rewards could be enormous. One penny stock that could be put into the watch list at this point in time is that of CytoDyn Inc (OTCMKTS:CYDY).

The late-stage biotechnology company, which is developing the coronavirus medicine leronlimab, announced last week that it had filed a comprehensive application for uplisting on NASDAQ. The company announced that it believes that its application satisfies the myriad listing requirements of the NASDAQ Capital Market.

The Chief Executive Officer and President of the company Nader Pourhassan stated that while it is true that the entire process is expected to take many weeks, CytoDyn is hopeful of success in this matter.

He went on to state that a listing on NASDAQ will not only provide shareholders with more liquidity but also give CytoDyn much bigger access to fresh capital. It is a significant development for the company, and the market participants realized it as well. After the announcement was made, the stock rallied by as much as 50%. Investors could do well to keep an eye on the stock this week.

While the rally following this announcement was a welcome relief for the company, it is important to point out that earlier on in the week, the stock has fallen considerably following a setback. Last Monday, the company announced that the United States Food and Drug Administration handed CytoDyn a refusal to file a letter with regards to the usage of leronlimab to treat HIV.

However, at the same time, investors should be noted that the company did announce that it is confident of furnishing the agency with all the further details that have been demanded. It is one of the penny stocks that have performed remarkably well this year so far, and investors could keep an eye on it.

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These 3 Pot Stocks Are Up Big Since May: What’s the Buzz?

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Over the course of the past year or so, pot stocks had generally struggled, but during the past month, those stocks have recovered nicely. The stock market suffered a historic fall due to the economic turmoil caused by the coronavirus pandemic. It is believed that investors who are looking for value have descended on the beaten-down pot stocks. On the flip side, these stocks could also have been identified as defensive plays in an uncertain market environment.

That being said, it should be noted that despite the gains recorded by many stocks, most of those stocks are still considerably lower than the all-time highs. In such a situation, it could be worthwhile for investors to take a closer look at some of the strongest and more stable cannabis companies in the industry. Here is a look at three pot stocks that made significant moves in May and could be tracked by investors at this point.

1. HEXO Stock Jumps Ahead of Earnings

HEXO Corp (TSX:HEXO) (NYSE:HEXO) is one of those cannabis companies which have had a particularly tough time over the past year or so. However, the stock has emerged as one of the bigger gainers among pot stocks in recent trading sessions. The Hexo stock has gained as much as 120% over the course of the past month. The company is all set to release its financial results for the fiscal third quarter on Thursday, and hence, it could be a big week for the stock.

The recent surge in the Hexo stock may have come as a major boost to investors, but it should be noted that over the past year, it recorded considerable losses. The beaten-down nature of the stock may have contributed to the stock becoming more attractive for investors. However, the trajectory of the Hexo stock in the near term is going to depend a lot on its third-quarter earnings.

The company had made a loss of $298 million in the previous quarter, and while it is almost certain that it is going to make a loss again, the size of the loss is going to be keenly watched. Additionally, any writedowns are also going to be harmful to the stock. Investors should also keep an eye on sales growth.

2 Organigram gains Momentum on Value Buying

Organigram Holdings (TSX:OGI) (NASDAQ:OGI) is another pot stock that has made significant gains in the past month. Since May 13, the stock has gained as much as 80%. In April, the company announced its fiscal second-quarter results, but it had been a disappointment.

Revenues dropped by 13.7% year on year to hit CA$23.2 million, and losses widened to CA$6.8 million from CA$6.4 million in the prior-year period. However, one significant cause for optimism for Organigram investors is the fact that in the second quarter, cannabis 2.0 products made up as much as 13% of its revenue. That has opened up a whole new opportunity for the company.

Wholesale cannabis revenue made up 24% of the net, and that is again a new source of revenue. The company blamed the lower volumes of flower as well as cannabis oil for the drop in sales. Organigram reported cash and cash equivalents of CA$41.1 million as of February 29. Considering the fact that it has burned CA$25 million in the past six months, investors should not use that the cash balance does not paint a pretty picture.

3 Aphria Recovers Following Solid Earnings

Aphria (TSX:APHA) (NYSE:APHA), on the other hand, managed to perform relatively well in its fiscal third quarter. The net sales rose by as much as 19.7% sequentially to hit CA$144.4 million, and more importantly, the company also managed to record a profit for the third time in four quarters. On top of that, it should be noted that although the Canadian cannabis company spends CA$124.4 million on its operations in the nine months trailing that quarter, it still reported a cash balance of CA$515 million.

The performance seems to have buoyed market participants as well, and the stock has rallied by as much as 75% since the middle of May. One of the most important things that investors are going to be looking into is whether Aphria is going to be able to maintain its profitability.

However, due to the turmoil caused by the coronavirus pandemic, it might prove difficult. That being said, it should be noted that the pandemic is going to have an equally damaging effect across the sector.

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ConforMIS Inc (NASDAQ: CFMS): Premium Members Made A Quick 65% Profit In Just 1 week

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We told our members in facebook private group to buy ConforMIS Inc (NASDAQ: CFMS) yesterday (march 13th) at $1.36. Now look at the price of the stock – its up 65% at $2.25 from our buy price. This is how easy money they made. If you had invested $5,000 in CFMS, it could had been moved up to $8,250. It’s not yet late, join us at info@tradersinsights.com

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