Urban-Gro Shares Jump 33.71% in After-Hours Trading After Asset Sale and Corporate Restructuring
Stock Surge After Asset Sale: Urban-gro Inc. (UGRO) shares rose 33.71% to $0.54 in after-hours trading following a $2 million asset sale aimed at addressing compliance issues, while retaining its core controlled environment agriculture operations.
Compliance and Delisting Concerns: The company faces potential delisting from Nasdaq due to multiple compliance failures, including not meeting the minimum bid price requirement and failing to file timely reports, with a hearing scheduled for October 7.
Leadership Changes and Cost-Cutting: CEO Bradley Nattrass and other leadership members have voluntarily reduced their salaries as part of cost-cutting measures, while Director Lewis Wilks resigned without operational disagreements.
Stock Performance Overview: Urban-gro's stock has decreased by 70.33% over the past year, trading between $0.26 and $1.92, with a market capitalization of $5.23 million, although it showed signs of medium and short-term upward movement recently.
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Quantum Computing Stocks Surge Over 23%; Check Out 20 Premarket Movers
Quantum Computing Inc. Performance: Quantum Computing Inc. shares surged 23.5% in pre-market trading after reporting better-than-expected Q3 earnings of 1 cent per share, compared to a projected loss of 6 cents, and sales of $384,000, exceeding expectations of $116,667.
Other Notable Gainers: WeShop Holdings Limited saw a dramatic increase of 98.6% to $60.00, while MSP Recovery, Genius Group, and Repare Therapeutics also experienced significant gains in pre-market trading.
Major Losers: Taitron Components Incorporated fell 39.5% to $1.27 after announcing a quarterly loss and voluntary delisting, while Sonder Holdings Inc. declined 28.6% following a Chapter 7 bankruptcy filing.
Market Overview: The pre-market trading session showed a mix of gains and losses among various stocks, with notable fluctuations in share prices following recent earnings reports and corporate announcements.
3 Penny Stocks to Keep an Eye on This Week, 9/4/25
Penny Stocks to Watch: Senmiao Technology, BT Brands, and Urban-gro Inc. are highlighted as top penny stocks to monitor on September 4, 2025, based on their high Dollar Volume and significant stock price increases.
Senmiao Technology: The Chinese tech company saw a 61% stock price surge with a Dollar Volume of $668.75 million, driven by speculation around AI-driven urban mobility and potential partnerships, despite no specific news.
BT Brands: The fast-food company experienced a nearly 64% stock price increase and a Dollar Volume of $318.87 million following the announcement of a merger with Aero Velocity, which will focus on drone and AI technology.
Urban-gro Inc.: The indoor farming specialist's stock rose by 48% with a Dollar Volume of $161.24 million after announcing a $2 million asset sale and measures to address Nasdaq compliance issues, enhancing investor confidence.
