Stocks in The News This Week – HNRC, KAVL, GEVI, MWWC, BLQC

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As the trading week winds down it is time for investors to take stock of the week that just went by and take a look at some of the stocks which had been in focus at different points. Investors who are keen on long-term success need to be fully aware of the latest happenings in the market and then make their moves according to the developments. This article is going to provide you with a look into five stocks that have been in the news for various reasons.

Houston Natural Resources Corporation (OTCMKTS:HNRC) – Back on March 7 Houston Natural Resources Corporation announced its financial results for the fiscal year ended December 31, 2022, and the performance was record-breaking. Revenues shot up 12.6% year on year to hit $20,516,899 and total earnings went up by as much as 25.5% to touch $9,821,899.

The total assets under the control of Houston Natural Resources Corporation at the end of the period stood at $92,741,566, which reflected a year-on-year rise of 24.9%. The stock is up by 44.83% this week so far.

Kaival Brands Innovations Group Inc (NASDAQ:KAVL) stock closed up by 12.80% after rising as much as 27.81% during the session. Moreover, the stock has soared 22.36% so far this week.

Yesterday, BIDI Vapor LLC products distributor Kaival Brands Innovations Group Inc came into focus after it announced that it had expanded its distribution footprint further.

The company announced that it had gone into a sales broker agreement with a major national broker which would expand its distribution by more than 40,000 retail outlets.

Two days prior to that, the company had announced that it had gone into several other distribution agreements which would collectively boost its presence and take the products to 13500 locations.

General Enterprise Ventures Inc (OTCMKTS:GEVI) – General Enterprise Ventures Inc is primarily known nowadays by the MFB—31-CitroTech environmentally friendly fire extinguisher which is manufactured through its subsidiary Mighty Fire Breaker.

It was announced yesterday that Mighty Fire Breaker had inked a sales agreement with Home Improvement Stores, which services Sonoma County in California. The agreement in question is related to MFB-31-CitroTech, which helps with fire extinguishing services both indoors and outdoors.

Marketing Worldwide Corporation (OTCMKTS:MWWC) – Yesterday Marketing Worldwide Corporation saw its stock soar by as much as 75% amidst a heavy trading volume of 1.9 times the average. The company announced yesterday that it had completed the acquisition of its fully owned subsidiary unit Marketing Worldwide Media, which is based out of Wyoming. This will help the company is moving into the television ad sales space.

BlockQuarry Corp (OTCMKTS:BLQC) – Yesterday, BlockQuarry Corp was in the news after it provided some updates to its shareholders. It was announced that in the second quarter of 2023, it was looking to complete its audit and continue on the work towards the reduction of liabilities.

Other targets include the powering of self-mining equipment online, getting an effective S1 registration statement, and extension of the power and land contracts at its site in Gaffney.