Investor Spotlight: Key Developments Boost Interest In: CRKN, RJDG, HNRC, PRST, SLNA

Certain companies are attracting investor attention due to key developments. This feature provides an in-depth look at some of these companies that could be worth considering right now.

Crown Electrokinetics Corp. (NASDAQ: CRKN), a leader in smart glass technology and construction fiber optics networks, announced on May 21 that it secured a significant new project. The company has been awarded a long-haul dark fiber construction project, spanning approximately 250 miles from El Paso, Texas, to Las Cruces, New Mexico, by Sequoia Associates. This project represents a revenue opportunity of around $12 million and is set to commence in mid-June 2024.

RJD Green Inc. (OTC: RJDG) announced on June 5 revenues of $865,730 and a net operating profit of $242,404. The company's average revenue over the past two years was $4.8 million, representing 18.1% of the total annual income in 2023. Earlier in June 2024, the stock saw a significant surge, gaining 29.5%, with trading volume spiking to nine times the average daily volume. A return to this level of trading activity is anticipated.

Presto Automation Inc. (NASDAQ: PRST), a leading provider of automation technology and artificial intelligence for the restaurant sector, made a significant announcement on June 3. The company revealed its collaboration with Taco John's and Qu to implement a Presto Voice drive-through pilot at select Taco John's locations. Presto Voice aims to reduce order-taking time, significantly lowering labor costs for restaurants while enhancing the guest experience with quick and friendly service. Additionally, the product offers customizable upsells to further boost revenues.

Houston Natural Resources Corporation (OTC: HNRC) announced its financial results for the quarter ending March 31, 2024, on May 15. The company reported revenues of $4,292,940, marking a year-on-year growth of 2.7%. Earnings for the period were $2,736,961, reflecting a 2.8% increase from $2,660,713 in the previous year. The company's net asset value (NAV) was $0.27 per share at the end of the quarter. Total assets stood at $85,858,800, a year-over-year decline of 7.5%.

Selina Hospitality PLC (NASDAQ: SLNA), a global experiential hospitality and lifestyle company catering to Gen Z and millennial travelers, announced on May 23 that it received a notice from NASDAQ Stock Market LLC. The notice, dated May 20, 2024, indicated that Selina Hospitality's Form 20-F filing for the year ended December 31, 2023, was delinquent, violating the exchange's listing requirements. The company was initially informed of this requirement on May 1, 2024. The delay in filing Form 20-F has been cited as a potential reason for the stock's possible delisting.

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