Breakout Stocks This Week: AMYZF/AMY.V, HNRC, INBS, SNRG

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As another trading week came along there were a number of stocks that had come into intense focus among investors on Monday and it may be a good time to take a look at some of those. These stocks had broken out on Monday and it may be a good idea on the part of investors to consider taking a closer look into these stocks as the week rolls on. Here is a look at four such stocks.

RecycLiCo Battery Materials Inc (OTC:AMYZF) (AMY.V) – On Monday RecycLiCo Battery Materials Inc came into the news cycle after the company announced that it had granted as many as 5200000 incentive stock options to some of its employees, directors and officers.

The options in question could be exercised for the price of $0.48 a share for a term of five years. All shares which are issued through the exercising of these options would be subjected to a hold period of four months from the date of the grant. The stock ended up with gains of 59.54% in the United States on booming volume.

Houston Natural Resources Corp (OTC:HNRC) The stock soar on the back of strong volume and ended up with gains of as much as 19.61%. The stock rallied after the company provided an update with regard to its strategy to invest and sponsor Special Purpose Acquisition Corporations.

The company announced yesterday that it had completed the acquisition of an interest in CE Energy Solutions LLC. CE Energy Solutions LLC is the sponsor of CE Energy Acquisitions Corp, which had filed a registration statement for a $100 million special purpose acquisition corporation.

Intelligent Bio Solutions Inc (NASDAQ:INBS) – Medical technology company Intelligent Bio Solutions Inc is involved in the delivery of fast, non-invasive testing solutions. The stock clocked gains of 16.01% up until now this week and generated gains of 30.03% so far in June.

On May 16 the company announced that it was going to add fentanyl, the potent opioid, and fentanyl laced adulterated street drugs to its panel of substances that would be detected by its Intelligent Fingerprinting Drug Screening System.

SusGlobal Energy Corp (OTC:SNRG) – The stock has been in the middle of a strong rally this week so far and has clocked gains of 10.92%. There was no news about SusGlobal Energy Corp this week but last month it announced its financial results for the first fiscal quarter ended on March 31, 2023.

The company revealed that its revenues went up by 14% year on year to $164687 from $144470. Its business had been boosted by more business from existing customers.

Breakout Stocks This Week: AMYZF/AMY.V, HNRC, INBS, SNRG

ByBina Murarka

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