Shares of Greenland Technologies Holding Corporation (GTEC) experienced a significant surge in today’s pre-market trading following the company’s announcement of better-than-expected second-quarter earnings per share (EPS) results. Greenland Technologies reported quarterly earnings of 34 cents per share, surpassing the analyst consensus estimate of 4 cents per share. Although the company’s quarterly sales of $23.017 million fell short of the analyst consensus estimate of $27.000 million, the positive earnings news propelled GTEC shares upward by 40.2% to $2.25 in pre-market trading.
Here’s a breakdown of other notable movers in pre-market trading:
Gainers:
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Cingulate Inc. (CING):
CING shares skyrocketed 81.3% to $8.70 in today’s pre-market trading, following a 159% surge on Thursday after the company secured European patent No. 3261625 for CTx-1301, its leading asset for the treatment of ADHD.*
Seelos Therapeutics, Inc. (SEEL):
SEEL gained 48.4% to $0.4009 in pre-market trading, building on a 15% jump on Thursday.*
COSCIENS Biopharma Inc. (CSCI):
CSCI shares climbed 28% to $7.68 in pre-market trading, rebounding after a 4% decline on Thursday.*
Quantum BioPharma Ltd (QNTM):
QNTM shares rose 20.7% to $5.14 in pre-market trading, recovering from a 27% dip on Thursday.*
Treasure Global Inc. (TGL):
TGL gained 18.2% to $0.7794 in pre-market trading, after a 6% decline on Thursday.*
Siyata Mobile Inc. (SYTA):
SYTA gained 16.7% to $2.79 in pre-market trading after releasing its quarterly results.*
Blue Hat Interactive Entertainment Technology (BHAT):
BHAT shares increased 13.2% to $0.7010 in pre-market trading, following an 8% decline on Thursday.*
Planet Labs PBC (PL):
PL shares rose 12.9% to $2.45 in pre-market trading after the company announced the launch of its first hyperspectral satellite, Tanager-1, alongside 36 SuperDoves (Flock 4BE), scheduled for August 16 on SpaceX’s Transporter-11 rideshare mission.*
Emergent BioSolutions Inc. (EBS):
EBS gained 8.4% to $9.39 in pre-market trading, extending a 14% jump from Thursday.Losers:
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Shimmick Corporation (SHIM):
SHIM shares declined 25.9% to $2.43 in pre-market trading after releasing disappointing second-quarter financial results.*
Thunder Power Holdings, Inc. (AIEV):
AIEV shares dipped 18.6% to $0.56 in pre-market trading.*
Sonida Senior Living, Inc. (SNDA):
SNDA fell 15.4% to $27.06 in today’s pre-market trading after pricing its upsized public offering of 4.3 million common stock at $27 per share.*
Mobile-health Network Solutions (MNDR):
MNDR shares fell 13% to $0.80 in pre-market trading.*
Lucas GC Limited (LGCL):
LGCL shares dipped 12.4% to $1.55 in pre-market trading, following a 38% jump on Thursday. The company recently announced a $6 million share repurchase program.*
Sidus Space, Inc. (SIDU):
SIDU fell 11.8% to $2.91 in pre-market trading. The company is scheduled to host its second-quarter financial results conference call on Monday, Aug. 19.*
Sonnet BioTherapeutics Holdings, Inc. (SONN):
SONN shares fell 10.9% to $0.7216 in pre-market trading, despite gaining around 13% on Thursday after the company announced its filing of U.S. Patent Application # 20240269236.*
Novo Integrated Sciences, Inc. (NVOS):
NVOS shares declined 7.1% to $0.47 in pre-market trading.*
Vicinity Motor Corp. (VEV):
VEV shares fell 10% to $0.1530 in pre-market trading, following a 7% decline on Thursday.*
