Small-Cap Rally: The Catalyst Clock is Ticking (NIVF, VVPR, EFSH, FLYE, PALI)

Every week, we ride the wave of emerging catalysts, scouting for the next small-cap superstar on the verge of a breakout. We spotlight five high-potential small-cap stocks, honing in on critical signals like resistance breakthroughs, unusual volume spikes, and consolidation patterns—steering clear of bottom-fishing traps.

NewGenIvf (NASDAQ: NIVF) - NewGenIvf shares closed last week's trading session up 33%, reaching a high of $1.23. In late July, NewGenIvf announced an update on its proposed reverse merger (the "Proposed Transaction") with the pharmaceutical company COVIRIX Medical Pty Ltd ("COVIRIX"). The company reports steady progress in its due diligence efforts and, contingent upon meeting all regulatory requirements, anticipates completing the Proposed Transaction by the end of August 2024. Mr. Siu Wing Fung Alfred, Founder, Chairman, and CEO of NewGen, commented, "We are very encouraged by the progress of our due diligence on COVIRIX. The ongoing antiviral research at a prominent U.S. university underscores COVIRIX's commitment to developing innovative therapies for respiratory diseases. This aligns well with our vision to expand our healthcare offerings beyond fertility treatments. Additionally, we have learned that COVIRIX holds 80,000 Zucoins crypto tokens in its treasury. These tokens are expected to be listed on the Zutopia Marketplace trading platform soon, with COVIRIX projecting they could achieve approximately 20% of Bitcoin's market price". As we await further updates from the company, we will be watching for a resistance break at $1.25 and for support to hold at $1.00.

--

VivoPower International PLC (NASDAQ: VVPR) - VivoPower International PLC shares closed last week's trading session up 5%, reaching a high of $2.69. In late July, VivoPower International announced that its electric vehicle subsidiary, Tembo e-LV B.V. ("Tembo"), has agreed to a one-month extension of its exclusive heads of agreement with Nasdaq-listed Cactus Acquisition Corporation I (NASDAQ: CCTS) to August 31, 2024. The extension is intended to provide additional time for Tembo to consummate a material transaction and update disclosures before finalizing a definitive business combination agreement related to the proposed transaction, as well as the independent fairness opinion. Tembo electric utility vehicles (EUVs) are the premier 100% electric solution for ruggedized and/or customized applications for fleet owners in the mining, agriculture, energy utilities, defense, police, construction, infrastructure, government, humanitarian, and game safari industries. Tembo provides safe, high-performance off-road and on-road electric utility vehicles that meet exacting standards of safety, reliability, and quality. Its core purpose is to deliver safe and reliable electrification solutions for utility vehicle fleet owners globally, helping to extend the useful life of assets, reduce costs, maximize return on investment, meet ESG goals, and activate the circular economy. As we await further updates from the company, we will be watching for a resistance break at $2.85 and for support to hold at $2.10.

--

1847 Holdings (NYSE: EFSH) - 1847 Holdings shares closed last week's trading session up 12.5%, reaching a high of $2.67. From a Press Release on August 19th, Mr. Ellery W. Roberts, CEO of 1847 Holdings, commented, "We are making progress on the sale of a division of 1847 Cabinets. The financing contingency from the Letter of Intent was recently removed, and we anticipate closing the transaction by mid-September 2024. We believe this transaction will substantially strengthen our financial position, allowing us to strategically reallocate resources and capitalize on emerging opportunities both within and beyond our portfolio, with a long-term focus on maximizing shareholder value." As we await further updates from the company, we will be watching for a resistance break at $2.70 and for support to hold at $2.00.

--

Fly-E Group (NASDAQ: FLYE) - Fly-E Group shares closed last week's trading session down 24%, reaching a low of $0.7011. In a recent filing, Fly-E Group stated that the final delivery of the GO FLY APP is scheduled for September 5, 2024, subject to mutually agreed adjustments in response to any changes in project scope or unforeseen delays. This decline is primarily due to the company’s plans to launch E-bike rental services starting in September 2024, which will require additional inventory. Additionally, in a press release at the end of July, the company announced the upcoming launch of three new electric motorcycle models. These models, the DP, EK PRO, and DT, are scheduled for an official unveiling and launch in New York at the end of October 2024. As we await further updates from the company, we will be watching for a resistance break at $1.03 and for support to hold at $0.65.

--

Palisade Bio (NASDAQ: PALI) - Palisade Bio shares closed last week's trading session down 12.9%, reaching a low of $3.40. In a press release from early August, Palisade Bio announced, "We have successfully produced drug substance and engineering batches of the PALI-2108 drug product that are compliant with Good Manufacturing Practice (GMP). We have completed rodent studies and initiated non-rodent, non-pivotal investigational new drug application (IND)-enabling or Canadian Clinical Trial Application (CTA)-enabling pre-clinical studies of PALI-2108. We are currently initiating pivotal IND/CTA-enabling pre-clinical studies, which we expect to complete by the end of the third quarter of 2024. We plan to submit an IND/CTA in the third quarter of 2024 and initiate clinical trials of PALI-2108 in the fourth quarter of 2024."

Key milestones include:

• Completing the analysis of ongoing IND/CTA-enabling toxicology studies by the end of the third quarter of 2024;

• Submitting the initial IND/CTA prior to the end of the third quarter of 2024; and

• Initiating Phase 1a with the UC patient cohort before the end of 2024.

As we await further updates from the company, we will be watching for a resistance break at $3.76 and for support to hold at $3.30.

Disclaimer: All content provided by BigTimePennys Report is for informational purposes only. The information provided should not be considered as a substitute for professional advice, analysis, or guidance. Any investment decisions made based on the information provided are solely at the user's own risk. BigTimePennys Report are not liable for any losses or damages incurred as a result of using this information. BigTimePenny is not operated by a licensed broker, a dealer, or a registered investment adviser. The Securities Litigation Reform Act of 1995 provides safe harbor protection for forward-looking statements made by companies or individuals. It should be noted that any forward-looking statements made by BigTimePennys Report, its authors, are not guarantees of future performance or results. These statements are subject to risks, uncertainties, and assumptions that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. The content provided by BigTimePennys Report does not constitute an endorsement, recommendation, or solicitation to buy, sell, or hold any securities or investment products. BigTimePennys Report, its authors, do not endorse or recommend any specific investment strategies, securities, or companies. It is crucial to conduct thorough research and seek advice from a qualified professional before making any investment decisions. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. The user assumes full responsibility for the use of the information provided by BigTimePennys Report. BigTimePennys Report, its authors, disclaim any liability for any direct, indirect, or consequential damages arising from the use or reliance on the information provided. Users should exercise their own judgment and discretion when interpreting and utilizing the information provided. Please note that the content provided by BigTimePennys Report is based on available information and sources believed to be reliable. However, market conditions and regulations may change over time, and there may be inaccuracies or errors in the information provided. It is recommended to verify the information with current and reliable sources before making any investment decisions. Investing in micro-cap companies is highly speculative and carries an extremely high degree of risk. BigTimePenny is not a fiduciary by virtue of any person's use of or access to this content. We were NOT compensated for this article.