![](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=1920,fit=crop/A1aQlPX2obi9POLl/photo-1554134449-8ad2b1dea29e-mk3yx4LPWnhkpyxK.jpg)
Small-Cap Stocks: Rising Points of Influence and Future Catalysts (BFRI, ELAB, ESLA, MHUA, PRZO)
1/15/20244 min read
![](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=780,h=450,fit=crop,trim=246.81025641025641;0;186.4205128205128;0/A1aQlPX2obi9POLl/451bf806-6bcc-4a04-9cf4-9f0d27b641e2-m6LrVXMKgrtbgP1b.webp)
![](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=328,h=320,fit=crop,trim=15.609756097560975;0;9.365853658536585;0/A1aQlPX2obi9POLl/451bf806-6bcc-4a04-9cf4-9f0d27b641e2-m6LrVXMKgrtbgP1b.webp)
Exploring the roster of five unique penny stock companies for the week requires attention to potential catalysts on the horizon and recognizing breakout and resistance levels. Proactively anticipating upward shifts and identifying essential entry points are pivotal strategies. Exercise patience to minimize risks associated with exploring potential market bottoms, and await confirmation through significant breakout levels.
Biofrontera Inc. (NASDAQ: BFRI) - Biofrontera Inc. stock closed last week at $2.21, marking a 3% decrease. In August, the company reported the completion of patient enrollment in a Phase 3 clinical study for Ameluz®-PDT in combination with BF-RhodoLED® lamp for basal cell carcinoma. The study is now treating 187 patients, one more than agreed with the FDA. The final patient assessment is expected in Q1 2024. Additionally, in October, Biofrontera Bioscience GmbH, the licensor, received FDA approval for a new Ameluz® formulation for actinic keratosis. The new formulation, replacing propylene glycol, is set to enhance the gel's safety profile in U.S. production starting 2024. We will be keeping an eye out for company updates and a potential resistance break of the $2.40 area.
--
Elevai Labs, Inc. (NASDAQ: ELAB) - Elevai Labs, Inc. stock closed last week down 3% at $1.71. In early December, the company revealed a new partnership with Skin Sana Ltd., a leading skincare distributor in Southeast Europe. This marks Elevai's inaugural collaboration in Europe, introducing its topical exosome products to the region. Additionally, in January, the company announced participation in three aesthetic industry conferences in Q1 2024. Watch for a potential resistance break at $1.95, and stay tuned for upcoming company updates.
--
Estrella Immunopharma Inc. (NASDAQ: ESLA) - Estrella Immunopharma Inc. shares surged 21% to $1.22 in the last week's trading session. The company, still in the development stage, emphasized efforts in regulatory filings, preclinical studies, and team building as of September 30, 2023. With FDA clearance for the IND of EB103 on March 2, 2023, Estrella plans to initiate the Phase I/II Starlight-1 Clinical Trial in H1 2024. Keep an eye on a potential resistance break at $1.50 and stay tuned for company updates. Additionally, note the effective S-1 filing last month.
--
Meihua International Medical Technologies Co., Ltd. (NASDAQ: MHUA) - Meihua International Medical Technologies Co., Ltd. shares closed nearly 4% lower at $0.97 last week. The company recently concluded a registered direct offering, raising approximately $5,580,000 through the sale of 7% Original Issue Discount Senior Convertible Promissory Notes and accompanying five-year share purchase warrants. In November, Meihua announced the imminent launch of Speed Fox, an AI-powered warehouse management and medical device logistics platform. Developed in collaboration with a prestigious Chinese institution, Speed Fox is a strategic move to diversify MHUA's business. We will be watching for future updates and monitoring the resistance area around $1.06 or potential consolidation for upward momentum.
--
ParaZero Technologies Ltd. (NASDAQ: PRZO) - ParaZero Technologies Ltd. saw a 5% decline in shares, closing at $0.65 last week. In December, the company celebrated the completion of its safety solution development for a Fortune 500 global automotive manufacturer's drone program. ParaZero received full payment for its innovative SafeAir™ drone safety system and secured a second purchase order from the customer, reinforcing its position as an aerospace industry leader. CEO Boaz Shetzer expressed satisfaction with the project's success, highlighting ParaZero's technical capabilities. We'll monitor the company shares for consolidation at this level, or seek a potential resistance break around $0.70, and stay alert for upcoming company updates.
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. BigTime Penny is not a fiduciary by virtue of any person's use of or access to this content. We were NOT compensated for this article.
![](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=1920,fit=crop/A1aQlPX2obi9POLl/photo-1554134449-8ad2b1dea29e-mk3yx4LPWnhkpyxK.jpg)
Disclaimer: Penny stock trading involves substantial risk, so always research every alert before trading, consult with a licensed professional before trading, only invest what you can afford to lose, and always trade with caution. Readers should independently investigate and fully understand all risks before investing. Results listed are NOT typical and individual results may and most likely will vary. Bigtimepennystocks.com and its staff are NOT licensed investment advisors or broker/dealers of any kind.Alerts are not a solicitation or recommendation to buy/sell/hold securities but merely investment ideas that should NEVER serve as the basis of your trading decisions. Bigtimepennystocks.com and its newsletter are for entertainment purposes only. This website and its reports are for general information purposes as we are engaged in the business of marketing and advertising companies for monetary compensation. Any investment decision should be discussed with a financial adviser before taking place. Please invest carefully and read investment information available at the website of the SEC at http://www.sec.gov.
Subscribe to our Free Newsletter
Copyright © 2023 BigTimePennyStocks.com - All Rights Reserved.