Grom Social Enterprises Inc (GROM) stock yesterday close the day at $2.22USD +0.5 (29.07%). However, GROM stock is gaining momentum in pre market session today and is currently trading at $3.5500 +1.3300 (+59.9099%).
Before we get into the reason for GROM’s surge, we would like to draw your attention to a small cap stock Global Care Capital Inc. (RSCZF). RSCZF last traded at $0.0037+0.0007 (+25.00%) and it looks like an easy mover. On Dec 19th, Global Care Capital Inc. has announced that it has signed a Memorandum of Understanding (MOU) with Titan Electricity Ltd, a UK-based company that owns the rights to the “Geo-EnginesTM” technology, a net-zero geothermal energy generation system used for gas cleaning, CO2 sequestration, and domestic energy supplies. By utilizing this technology, oil and gas companies can potentially eliminate onsite CO2 emissions, enhance energy security, and decrease dependence on coal and oil. Global Care is a global investment firm that invests in early-stage opportunities in both private and public companies. Although speculative at this time, If RSCZF was to retest its 52-week high traders could be looking at huge potential gains.
Coming back to GROM, according to a news article from Zacks, Grom Social Enterprises, which recently raised $5 million in capital and underwent a reverse split, plans to use its new funds to expand its eCommerce site Santa.com, launch a preschool entertainment franchise called Hey Fuzzy Yellow!, upgrade its animation studio to offer pre- and post-production services, and revamp its kid-friendly social media app. The company currently has 3.2 million fully diluted shares and a market capitalization of $5.5 million, with $4 million in cash and $590,000 in debt, giving it an enterprise value of $2.1 million. It is well-positioned to capitalize on its subsidiaries and has a team of experienced executives in children’s and family entertainment.
Other stocks that are gaining attention from Wall Street include Verb Technology Company Inc (VERB), Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) and Genius Group Ltd (NYSE:GNS)
InvestorBrandMedia has been compensated twelve hundred dollars by a 3rd party for the content, research, dissemination, and syndication pertaining to RSCZF for a period starting Jan 24th, 2023 to Jan 27th, 2022. We own zero shares of RSCZF