Successful Restructuring Release Sent These Shares Soaring

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, May 29, 2024

A Miami-based micro cap is finding tremendous success so far on Wednesday after it was announced that the company completed a restructuring program and enhanced its financial stability, according to a release early this morning.

Traders could get their hands on shares of Smart for Life Inc. (Nasdaq:SMFL) fast enough as they pushed the price up to $3.88/share (+15.82%) at the early session high. This move could be an indication of things to come as it appears that support has recently been found!

Smart for Life Inc is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and related products with an emphasis on health and wellness. It generates revenues by manufacturing and packaging nutraceutical products as a contract manufacturer for customers.

Copyright © 2024 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

Canada’s Producer Prices Gain in November

Shares Higher as Beverage Company Provides Acquisition Update

Firm Expands Footprint to Four Blockchains, Sending Shares Higher

What Retirement Accounts Should I Withdraw From First?

Blue Origin Is Ready to Launch New Glenn Rocket After Critical Test

Shares Higher as Beverage Company Provides Acquisition Update

Canada’s Producer Prices Gain in November

Shares Higher As Company Bridges the Gap Between AI, Quantum and Crypto

AllPennyStocks.com Favorites

Why Small-Cap Stocks Tend to Benefit from the January Effect

Enable Free Access to Unlock Up to Two Articles Per Month.

Markets Inch Up as 2024 Nears Its End

Enable Free Access to Unlock Up to Two Articles Per Month.

Friday's technical standout looks to be Quantum Emotion Corp., which is displaying a RSI "Power Zone" Breakout with today’s move to $1.18.

Vince Holding Corp. looks promising from a technical analysis perspective as the New York Stock Exchange listed stock displayed what technicians call a Golden Cross (50 DMA / 200 DMA) on Friday. Shares closed at $4.02.

Moss Genomics Inc. was an impressive gainer on the Canadian Securities Exchange on Friday. Shares climbed 3100.00%, settling at $0.16.

Friday's hottest penny Stock on the Nasdaq was Hub Cyber Security Ltd. Warrant expiring 2/27/28, which gained 250.00%, closing the day at $0.04.

New Frontier in Exploration: High-Stakes Drilling in the Western Tethyan Belt

Enable Free Access to Unlock Up to Two Articles Per Month.

Engineered-to-Order Expertise Meets a Bullish Double Bottom Opportunity

Enable Free Access to Unlock Up to Two Articles Per Month.

WANT TO UNLOCK ACCESS TO:

●Stock Picks

●Penny Stocks to Watch

●"By The Numbers" Data Analytics

●Market Commentary

●Watch Lists

And much more by becoming an AllPennyStocks.com Free Member.

Free Membership Has Its Perks!

By entering your email address, you agree to AllPennyStocks.com’s disclaimer and privacy policy.

Register via:

You understand that AllPennyStocks.com and its affiliates may use your address to send updates, ads and offers.

Go Back

Email Registration

By clicking on the "Start Viewing AllPennyStocks.com Pro Articles" button below, you are confirming that you understand and accept that the content we are showing you is not meant to be used as financial advice. This content is merely for educational purposes and shows our readers real-time examples of trading strategies based on technical and fundamental analysis principles, along with stock market commentary.

Investing in stocks is risky stuff, trust us on that one, and past performance may not be indicative of future performance.

We want everyone to enjoy this information for its educational value, and we remind everyone that we are not liable for losses or damages of any kind from trading based on our information. The only thing we will recommend is to consult with a financial advisor prior to making any trades.

With that said, if we're on the same page here and you agree to our disclaimer, click the button below and enjoy all of our AllPennyStocks.com Pro content.

© Copyright 2024 AllPennyStocks.com Media Inc. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes.
Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Data is provided by QuoteMedia.com.

Successful Restructuring Release Sent These Shares Soaring

Other Penny Stock Movers

Canada’s Producer Prices Gain in November

Shares Higher as Beverage Company Provides Acquisition Update

Firm Expands Footprint to Four Blockchains, Sending Shares Higher

Most Popular

AllPennyStocks.com Favorites