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CTT Pharmaceutical Holdings CEO acquires $136 in shares

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In a recent move, the CEO of CTT Pharmaceutical Holdings, Inc. (OTCMKTS:CTTH) has increased his stake in the company through the acquisition of additional shares. The executive purchased a total of 4,388 shares at a price of $0.031 each, amounting to an investment of $136.

This transaction, reported in a regulatory filing, indicates a vote of confidence from the company’s leadership in its future prospects. Following the purchase, the CEO now holds a total of 4,157,888 shares in CTT Pharmaceutical Holdings, signaling a significant personal interest in the company’s performance.

Investors often monitor such insider transactions as they may provide insights into the executive’s view of the company’s valuation and potential. The acquisition of shares by the CEO at the stated price point offers a glimpse into the perceived value of the company’s stock by one of its top decision-makers.

CTT Pharmaceutical Holdings, which operates within the gold and silver ores sector, has its business address in Tampa, Florida. The company has undergone several name changes over the years, with its former names including Mindesta Inc., Industrial Minerals Inc., and PNW Capital Inc.

The recent filing provides current shareholders and potential investors with updated information on the CEO’s increased investment in the company. It remains to be seen how this insider activity will be interpreted by the market and what impact it may have on investor sentiment moving forward.

InvestingPro Insights

CTT Pharmaceutical Holdings, Inc. (OTCMKTS:CTTH), while recently seeing an insider vote of confidence, presents a complex picture when looking at the latest metrics and InvestingPro Tips. The company’s market capitalization stands at a modest $2.01 million, reflecting its position within the smaller tier of publicly traded companies. Despite a challenging financial situation, with a P/E Ratio of -0.464 indicating a lack of profitability over the last twelve months, there are some noteworthy movements in the stock price. The 1-week total return on the stock price as of April 2023 shows a significant surge of 63.27%, which could be a reaction to the CEO’s purchase or other market factors.

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Moreover, CTT Pharmaceutical Holdings has experienced a notable 1-year price total return of 181.69%, suggesting that despite short-term volatility, including a 1-month price total return of -27.27%, long-term investors might have seen substantial gains. This could point to an underlying value that the CEO might be seeing, aligning with the recent share acquisition. The average daily volume over the past three months, at 0.03 million USD, indicates a relatively low level of trading activity, which is not uncommon for stocks in the OTC market.

InvestingPro Tips highlight that the company operates with a significant debt burden and may have trouble making interest payments on its debt, which are critical factors for investors to consider. However, with liquid assets exceeding short-term obligations, there is some financial flexibility. It’s also worth noting that the stock is trading at a low Price / Book multiple, which could attract value investors looking for potentially undervalued companies. For those interested in a deeper dive into CTTH’s financials and market performance, InvestingPro offers additional insights. There are currently 13 more InvestingPro Tips available for CTTH at https://www.investing.com/pro/CTTH, providing a comprehensive analysis for discerning investors.

To access these insights and more, readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enhancing their investment research with valuable data and expert analysis.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Comet fragment lights up sky over Spain and Portugal ‘like a movie’

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By Catarina Demony and Ana Cantero

LISBON (Reuters) – A bright comet fragment lit up the skies over parts of Spain and Portugal late on Saturday, according to the European Space Agency (ESA), with one Lisbon resident saying the dazzling display “felt like a movie”.

On Sunday morning, the ESA shared on X a video captured by its “fireball camera” of what it described as a “stunning meteor” over the skies of the western Spanish city of Caceres, near the Portuguese border.

But it later said it appeared to be a “small piece of a comet” and not a meteor, estimating it flew over Spain and Portugal at a speed of 45 km (28 miles) per second before burning up over the Atlantic.

“The likelihood of any meteorites being found is very low,” the ESA said.

In both countries, videos shot in several cities and towns went viral on social media, showing the object crossing the night sky at high speed and illuminating it in bright tones of blue and green.

The Spanish Calar Alto astronomical observatory also said a preliminary analysis by Andalusia’s Institute of Astrophysics revealed the object had a “cometary origin”.

During a concert in the Portuguese city of Barcelos, the object was filmed streaking across the sky as the singer performed. Another video showed the skies of Porto, Portugal’s second biggest city, turning bright for a few seconds.

Many contacted emergency services to report what happened. A spokesperson for the Spanish Emergency service 112, in Madrid, told Europa Press news agency it had received several calls.

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Lisbon resident Bernardo Taborda, 31, told Reuters he was walking around the city with friends when the sky suddenly turned bright green: “It almost looked like daylight … we all looked back and saw it.”

“It felt like a movie, we all looked at each other and we were stunned,” Taborda said. “It was amazing.”

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Helicopter carrying Iran’s President Raisi crashes in mountains, official says

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By Parisa Hafezi and Elwely Elwelly

DUBAI (Reuters) -A helicopter carrying Iranian President Ebrahim Raisi and his foreign minister crashed on Sunday as it was crossing mountain terrain in heavy fog, an Iranian official told Reuters, and rescuers were making their way to the site of the incident.

The official said the lives of Raisi and Foreign Minister Hossein Amirabdollahian were “at risk following the helicopter crash”, which happened on the way back from a visit to Iran’s border with Azerbaijan.

“We are still hopeful but information coming from the crash site is very concerning,” said the official, speaking on condition of anonymity.

The bad weather was complicating rescue efforts, the state news agency IRNA reported. The chief of staff of Iran’s army ordered all the resources of the army and the elite Revolutionary Guard to be put to use in the search and rescue operations.

State TV stopped all its regular programming to show prayers being held for Raisi across the country and, in a corner of the screen, live coverage of rescue teams deployed on foot in the mountainous area in heavy fog.

The rescue teams were expected to reach the site of the crash later on Sunday evening, state TV reported.

Raisi, 63, was elected president in 2021, and since taking office has ordered a tightening of morality laws, overseen a bloody crackdown on anti-government protests and pushed hard in nuclear talks with world powers.

In Iran’s dual political system, split between the clerical establishment and the government, it is the supreme leader rather than the president who has the final say on all major policies.

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But many have seen Raisi as a strong contender to succeed his 85-year-old mentor, Supreme Leader Ayatollah Ali Khamenei, who has strongly endorsed Raisi’s main policies.

Raisi’s victory in a closely managed election in 2021 brought all branches of power under the control of hardliners, after eight years when the presidency had been held by pragmatist Hassan Rouhani, who negotiated a nuclear deal with Washington.

However, Raisi’s standing may have been dented by widespread protests against clerical rule and a failure to turn around Iran’s economy, hamstrung by Western sanctions.

Raisi had been at the Azerbaijani border to inaugurate the Qiz-Qalaisi Dam, a joint project.

Interior Minister Ahmed Vahidi told state TV only that one of the helicopters in a group of three had come down in the incident, and that authorities were awaiting further details.

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Sean ‘Diddy’ Combs apologizes after video depicting attack on ex-girlfriend

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By Katharine Jackson

(Reuters) – Music mogul Sean “Diddy” Combs posted an apology to social media on Sunday, two days after the release of hotel surveillance video that appeared to show him attacking his ex-girlfriend.

“I’m truly sorry,” Combs said in a video post on his Instagram page. “My behavior on that video is inexcusable. I take full responsibility for my actions in that video. I’m disgusted. I was disgusted then when I did it. I’m disgusted now.”

Addressing the camera directly, Combs said he had sought therapy and gone into rehab.

In the surveillance video from 2016, which was released by CNN on Friday, the rapper appears to grab R&B vocalist Casandra Ventura as she waits by an elevator in a California hotel. Clad only in a towel, he throws her to the floor, kicking her repeatedly before dragging her toward a hallway, the video shows.

A representative for Combs could not be immediately reached for further comment.

Ventura, who performs under the stage name Cassie, sued Combs in 2023, accusing him of serial physical abuse, sexual slavery and rape during a 10-year professional and romantic relationship in which he controlled her through intimidation, drugs and alcohol. The parties settled the matter the following day for undisclosed terms. Representatives for Combs said at the time the settlement was “in no way an admission of wrongdoing.”

The lawsuit was one of at least four civil complaints in recent months that leveled sexual assault allegations against Combs.

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The U.S. Department of Homeland Security said in March it had opened an investigation into the hip-hop star and searched his homes in the Miami area and in Los Angeles; it provided no details of the nature of the investigation.

Local television images of the search showed an armored vehicle and officers carrying rifles outside Combs’ Los Angeles home. Authorities detained some people at the property with their hands bound by zip ties.

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