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IPA/IMMUNOPRECISE ANTIBODIES LTD. – (NASDAQ: IPA) (TSXV: IPA), an advanced biotherapeutic research and technology company, today announced financial results for the full fiscal year 2022 ended April 30, 2022.
The Company achieved record revenues of $19.4 million, up 8.1% from $17.9 million in the fiscal year 2021
The Company achieved record revenues of $5.2 million for the three months ended April 30, 2022, an increase of 7.4% over the same period last year.
The Company achieved an increase in CRO revenue (total revenue minus Talem asset out-licensing revenue) of 15.9% over the same period last year.
The stock may be undervalued by investors at this point in time and perhaps more importantly, the stock has been in the middle of a strong move this week so far. This far the IPA stock has managed to clock gains of as much as 14.50% and could well be on its way to entering a strong phase.
Therma Bright (TSX.V:THRM) (OTCQB:TBRIF) is a stock to watch as it is trading at a historical discount. Therma Bright Inc is best known for having developed the AcuVid™ COVID-19 Rapid Antigen Saliva Test and is also working on a range of other medical devices.
Recently, the company was in the news once again after it announced that it had awarded options to many of the directors, consultants, and officers to pick up a total of as many as 1,475,000 common shares in the company. It is part of the wider share options plan at Therma Bright.
Renforth Resources Inc (OTCMKTS:RFHRF) (RFR.C) – Earlier this week, Renforth Resources Inc was in the news cycle after the company announced that it had been successful in completing the prospecting activities at Surimeau for the summer of 2022. It was a significant announcement from the company and it now remains to be seen if the stock comes into focus among investors today.
Safe-T Group Ltd (NASDAQ:SFET) – The next one to look into at this point among undervalued stocks is the Safe-T Group Ltd stock. The company had last been in the news back on July 18 when it announced that it had been successful in expanding its offerings through the introduction of its consumer privacy solutions product. The product is meant for Android devices.
American Manganese Inc (OTCMKTS:AMYZF) stock is gaining momentum with a jump of over 8% by the late morning session on Friday. American Manganese Inc is regarded as a critical metals company that is involved in the upcycling and recycling of lithium-ion battery waste in order to turn the waste into cathode materials of high value. The company manages to do it through the RecyLiCo process.
Finally, it is Infinity Stone Ventures Corp (OTCMKTS:TLOOF) (GEMS.C) – The stock has been moving within a narrow range over the past few trading sessions. Yesterday, the company had a positive development related to the closing of second tranche of private placement.
Infinity Stone announced the closing of the second tranche of financing of units of the Company through the issuance of 1,328,333 Units at a price of $0.15 per Unit, for gross proceeds of $199,250. Each Unit is comprised of one Class A Subordinate Voting Share and one-half of one share purchase warrant. Each whole Warrant is exercisable into one (1) Share at a price of $0.30 for a period of three (3) years from the date of issuance.