Stocks Commence 2024 Bullish Rally: LMDX, HNRC, BULT, HALB, SPZI, SAPX

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Several stocks have undergone significant movements in the recent week. It might be beneficial for investors to have a quick overview of these stocks readily available. Let’s take a closer look at them now.

LumiraDx Ltd (NASDAQ: LMDX) has faced persistent downward pressure on its stock throughout the past year, witnessing a nearly 95% year-over-year decline. The stock is currently in an oversold condition, suggesting a potential rebound after the recent decline. In a recent development, the company disclosed the appointment of joint administrators for two of its subsidiaries.

The administrators have concluded a conclusive agreement to sell certain companies within the LumiraDx group, specifically those linked to LumiraDx’s groundbreaking point-of-care technology, to the Swiss pharmaceutical company Roche (OTC: RHHBY).

The Houston Natural Resources Corporation (OTC: HNRC) stock experienced a significant surge on Wednesday, marking a remarkable 27.60% increase and extending its 5-day upward trend to an impressive 68.15%. Notably, the stock achieved four consecutive positive closes with trading volumes surpassing the average. Following a recent rally, the stock has entered a bullish phase, comfortably trading above both the 20- and 50-day moving averages.

On January 3, 2024 the company shared a summary of its recent notable accomplishments and milestones with shareholders. Additionally, it provided insights into its strategic direction for the year 2024 and beyond.

Bullet Blockchain Inc. (OTC: BULT) stock has demonstrated an upward trend in the past week, establishing higher highs and higher lows on the chart. The stock experienced a remarkable surge of 145% in the last five trading sessions and is currently trading well above the 20-day, 50-day, and 200-day moving averages.

On December 18, 2023, the company announced the successful deployment of 10 Bitcoin ATMs across various locations in the state of Georgia. This marked the completion of the initial phase of their planned deployment and the branding of 30 Bitcoin (BTC) ATM kiosks.

Halberd Corporation (OTC: HALB) is currently experiencing a robust uptrend, demonstrating bullish momentum in the stock market. Over the past week, the stock has surged by an impressive 52.12% across five trading sessions, accompanied by above-average trading volume. From a technical perspective, HALB appears to be in a bullish position, trading above both the 20- and 50-day moving averages.

On December 13, 2023, the company disclosed a significant development, entering into an agreement with CrodenHealth.com, based in Canada, for the global distribution of Halberd Corporation’s patented naltrexone low-dose line of products.

Spooz Inc. (OTC: SPZI) experienced substantial gains on Wednesday, surging by more than 29%. Over the course of 5 trading sessions, the stock has witnessed an impressive increase of 76.67%. Notably, the stock achieved a new 52-week high of $0.0057 in the previous session, indicating a potential continuation of the bullish trend.

Last week, the company drew attention as its wholly owned subsidiary, JE Energy Global PTE LTD, made a significant announcement. JE Energy Global revealed the execution of three commodity contracts with a combined value of $36,774,000 for Grade A Chicken Paws.

Seven Arts Entertainment Inc (OTC:SAPX) is another stock to keep on your radar. Last month, the company announced its entry into a co-production agreement to develop its next feature film. The company added that The upcoming horror film will be co-produced with Madlor Films, THC Music & Films, Muse Media, along with several other anticipated production companies and studios still under negotiation.

Seven Arts Entertainment Inc. operates as a media and entertainment company, focusing on the development of a varied portfolio of intellectual properties within the film and music sectors.