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Stock Markets

European stocks rise in trading Tuesday

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european stock exchange market

Major European stocks rose by an average of 1.4-2.8% on Tuesday, trading data showed.

The biggest European stock exchanges today are as follows: Britain’s FTSE 100 index is up 1.44% to 7,007.75 points. France’s CAC 40 is up 2.76% to 5,953.99 points, and Germany’s DAX is up 2.31% to 12,489.49 points.

Investors on European stock exchange markets were optimistic about the last trading on the American stock markets, which finished the trading session on Monday with growth of 2% and more.

Also, they paid attention to corporate news from Germany. The head of Volkswagen automobile concern Oliver Blumet told the Handelsblatt newspaper that he intends to bring all the subsidiaries to initial public offerings on the stock exchange, but for now “as a training”. He justified this decision by the success of the Porsche IPO. Against this background Volkswagen shares rose in price by more than 1%.

Traders also paid attention to BMW’s auto deliveries in the third quarter, which rose 3.2% YoY to 78,031.

Earlier, we reported that U.S. stock market indices fell 1.5-1.7%.

Stock Markets

SG Devco partners with Trio for home financing

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MIAMI – Safe and Green Development Corporation (NASDAQ: SGD), a real estate development company, has entered into a strategic agreement with Trio Residential LLC, a provider of innovative home financing solutions. This partnership aims to integrate Trio’s financing options into SGD’s Xene Home AI Platform, with the goal of making homeownership more attainable for a broader range of customers.

The collaboration will offer Xene users access to Trio’s down-payment assistance products, including lease-to-own programs and seller financing options. These programs are designed to assist potential homeowners who face challenges with traditional mortgage products, thereby expanding the consumer base for SGD’s platform.

David Villarreal, CEO of SG Devco, conveyed his optimism about the partnership, stating that the inclusion of Trio’s products will enhance the flexibility of the Xene Home Platform, aligning with the company’s mission to facilitate homeownership for many individuals. Trio’s Founder and Managing Director, Darryl Lewis, also expressed confidence in the collaboration and the capabilities of the Xene platform.

The integration of Trio’s financing solutions into the Xene Home Platform is expected to be completed within the next 30 days, potentially enriching the home-buying experience for customers.

SG Devco specializes in the development of green, single, and multifamily projects using prefabricated modules. Its majority-owned subsidiary, Majestic World Holdings LLC, developed the Xene Home Platform, which leverages advanced AI technology to decentralize the real estate marketplace, connecting various stakeholders in a structured, AI-driven environment.

Trio Residential LLC has been facilitating homeownership in the United States since 2001, offering lease-to-own and seller financing agreements that have helped thousands of families secure their housing future. Trio collaborates with private industry, government, non-profits, and community organizers to provide innovative financing programs.

This news is based on a press release statement from Safe and Green Development Corporation.

In other recent news, Safe and Green Development Corporation (SG Devco) has announced a series of strategic moves aimed at enhancing its operations and financial position. The real estate development firm has formed a partnership with Affiliated Services Group (ASG) to integrate mortgage banking services into its Xene platform, thereby expanding its reach across 49 states. The collaboration is expected to deliver efficient and customer-focused services using ASG’s extensive experience in mortgage banking.

In a parallel development, SG Devco has also revealed its plans to acquire MyVONIA, an artificial intelligence assistant platform. This acquisition, expected to close in the second quarter of 2024, is aimed at improving user experience and operational efficiency, as well as providing a source of recurring revenue.

In a bid to strengthen its balance sheet, SG Devco has entered into a contract to sell its Lago Vista property in Texas. The sale of this 60-acre waterfront site is expected to eliminate approximately $5 million of the company’s debt and provide additional cash without diluting shareholder value.

Furthermore, SG Devco has launched its Xene Home Platform, an AI-powered real estate transaction tool designed to lower costs and streamline processes for various stakeholders in the industry. The platform is expected to revolutionize real estate transactions by offering features such as listing tools, document interpretation, and image enhancement.

InvestingPro Insights

As Safe and Green Development Corporation (SGD) announces its strategic partnership with Trio Residential LLC, investors and potential homeowners interested in the company’s prospects may wish to consider several financial metrics and InvestingPro Tips. According to InvestingPro, SGD’s financial health raises some concerns that stakeholders should be aware of:

  • The company’s Price / Book ratio as of Q1 2024 stands at 3.21, which may suggest that the market values the company’s assets at over three times their accounting value.
  • SGD has reported a Gross Profit Margin of 100% for the last twelve months as of Q1 2024, indicating that they are generating a high gross profit relative to their sales—though this should be viewed in the context of their total revenue, which is relatively modest at 0.05M USD.
  • The company’s Operating Income Margin for the same period is significantly negative at -9643.91%, reflecting substantial operational costs relative to its revenue.

InvestingPro Tips highlight that SGD is quickly burning through cash and may have trouble making interest payments on debt. Additionally, the company has not been profitable over the last twelve months, and its stock has experienced high volatility and significant price declines over various periods, including a -92.36% one-year price total return as of a recent 2024 date.

Despite these challenges, SGD’s innovative partnership with Trio Residential LLC could provide a catalyst for growth by expanding the consumer base for its Xene Home AI Platform. Investors considering SGD should be mindful of these financial details and can find additional InvestingPro Tips to guide their decisions. There are 13 additional InvestingPro Tips available for SGD, which can be accessed by visiting

For those interested in a deeper analysis, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.

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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Stock Markets

ROSEN, LEADING INVESTOR COUNSEL, Encourages Axos Financial, Inc. Investors to Inquire About Securities Class Action Investigation “ AX

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NEW YORK, June 14, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Axos Financial, Inc. (NYSE: NYSE:) resulting from allegations that Axos Financial may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Axos Financial securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email for information on the class action.

WHAT IS THIS ABOUT: On June 4, 2024,  before the market opened, Hindenburg Research issued a report entitled Axos: Glaring Commercial Real Estate Loan Problems and Lax Underwriting Beneath this Priced-For-Perfection Bank. In this report, Hindenburg stated that its research, including industry analysis, interviews with 21 former employees, lease agents and industry experts, combined with an examination of Axos’ loan book derived through local property records, indicates a company exposed to the riskiest asset classes with lax underwriting standards and a loan book filled with multiple glaring problems.

On this news, Axos Financial’s stock fell 4.2% on June 4, 2024.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn:, on Twitter: or on Facebook (NASDAQ:):

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

               Laurence Rosen, Esq.
               Phillip Kim, Esq.
               The Rosen Law Firm, P.A.
               275 Madison Avenue, 40th Floor
               New York, NY 10016
               Tel: (212) 686-1060
               Toll Free: (866) 767-3653
               Fax: (212) 202-3827

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Stock Markets

American Resources refutes false stock issue rumors

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FISHERS, IN – American Resources (NASDAQ:) Corporation (NASDAQ:AREC), a supplier of rare earth elements and carbon materials, has publicly denied allegations of issuing equity at a significantly reduced price, as suggested by online speculation. Mark Jensen, CEO of the company, labeled the claims as “entirely false” and harmful to shareholders.

The rumors, which surfaced in online chat rooms, suggested that American Resources was issuing 20 million shares at 48 cents each. The company has taken steps to address the situation by notifying legal counsel and filing a complaint with the SEC and NASDAQ to investigate the misleading posts and their impact on the stock’s trading activity.

Jensen condemned the spread of false information as “nefarious” and “manipulative,” and expressed concern over the practice of naked short selling, urging regulators to investigate such market activities. He emphasized that American Resources is not raising capital at the alleged price and is instead focusing on growth through non-dilutive capital and leveraging its assets and partnerships.

The company, which operates in the Central Appalachian basin, is known for supplying materials for steelmaking and the electrification market, as well as for its environmentally responsible approach. American Resources prides itself on a low-cost business model aimed at scaling operations to meet the demands of the global infrastructure and electrification markets.

Despite the recent distractions caused by the false information, Jensen remains optimistic about the company’s divisions and their positioning in the market, believing that their execution will ultimately reflect in the company’s share price.

This statement comes amidst a volatile period for the stock, as the company seeks to clarify its financial strategies and reassure investors of its commitment to growth without equity dilution. The information in this article is based on a press release statement from American Resources Corporation.

In other recent news, American Resources Corporation has released its first quarter 2024 earnings call, revealing strategic developments. The company plans to spin off its subsidiaries, American Carbon Corporation and ReElement Technology Corporation, by the end of the year. Additionally, American Resources is advancing its expansion into the Jamaican iron ore market and enhancing its refining capabilities.

CEO Mark Jensen emphasized the cost-effectiveness and environmental focus of their refining technology. He also highlighted the company’s acceptance into the Defense Industrial Base Consortium, which allows for defense sector bidding. Jensen also noted that American Resources has invested $20 million in Wyoming project development, with an additional $25 million earmarked for completion and production.

InvestingPro Insights

In light of the recent controversies surrounding American Resources Corporation (NASDAQ:AREC), investors may benefit from a closer look at some key financial metrics and insights from InvestingPro. Despite the company’s efforts to counteract the spread of misleading information, AREC’s financial health and market performance have been areas of concern, according to InvestingPro data and analysis.

InvestingPro Tips highlight that American Resources operates with a significant debt burden and may have trouble making interest payments on its debt. This is particularly relevant as the company emphasizes its focus on growth through non-dilutive capital. Additionally, the stock’s recent performance has been troubling, with an InvestingPro Tip indicating that the stock has taken a significant hit over the last week, which aligns with the volatility mentioned in the company’s statement.

From a data standpoint, AREC’s market capitalization stands at a modest $58.59 million, reflecting the size of the company in the broader market. The P/E Ratio (Adjusted) for the last twelve months as of Q1 2024 is -2.58, suggesting that the company is not profitable during this period. Moreover, the Revenue Growth for the same timeframe shows a sharp decline of -79.7%, underlining the challenges AREC faces in generating sales.

For investors looking to delve deeper into the financials and future prospects of American Resources, there are additional InvestingPro Tips available. These tips provide insights into aspects such as the company’s cash burn rate, gross profit margins, and valuation implications for its free cash flow yield. There are 17 additional tips listed on InvestingPro, which can be accessed to gain a more comprehensive understanding of AREC’s financial position and stock performance.

To explore these insights further, interested investors can take advantage of a special offer on a yearly or biyearly Pro and Pro+ subscription with the coupon code PRONEWS24, which grants an additional 10% off.

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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