Latest News for Greystone Logistics Stock (OTC:GLGI)

Greystone Logistics Inc is engaged in the business of manufacturing and selling plastic pallets utilizing recycled plastic. Its products include rackable pallet, can pallet, display pallet, monoblock pallet, rackable pallet, drum pallet, and a mid-duty pallet of different sizes and specifications. The company sells its products through one of its subsidiaries and a network of contractor distributors and direct sales.

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The Dow Jones closed higher by over 100 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

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Greystone Logistics Files Form To Delay Filing 10Q (GLGI)

GREYSTONE LOGISTICS INC by Greystone Logistics, Inc.

Greystone Logistics Inc

<p>The Dow Jones closed higher by over 100 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.</p>
<p>Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"><em> Benzinga&#39;s insider transactions </em></a> platform.</p>
<h3><strong>Expensify </strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> Expensify, Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/exfy#NASDAQ">EXFY</a>) 10% owner SF Roofdeck GP <a href="https://www.benzinga.com/quote/EXFY/analyst-ratings"><em> acquired a total of 168,894 shares </em></a> an average price of $2.48. To acquire these shares, it cost around 418,857.</li>
<li><strong>What&rsquo;s Happening:</strong> Expensify is expected to release third-quarter financial results on Nov. 7, 2023.</li>
<li><strong>What Expensify Does:</strong> Expensify Inc is a cloud-based expense management software platform that helps the smallest to the largest businesses simplify the way they manage money.</li>
</ul>
<h3><strong>Greystone Logistics</strong></h3>
<ul>
<li><strong>The Trade</strong>: <strong> Greystone Logistics, Inc. </strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/glgi#OTC">GLGI</a>) Director Drew T Lockard <a href="https://www.benzinga.com/sec/insider-trades/"><em> acquired a total of 12,000 shares </em></a> at an average price of $1.03. To acquire these shares, it cost around $12,400.</li>
<li><strong>What&rsquo;s Happening</strong>: Greystone reported earnings per share of $0.06 for the three months ended Aug. 31, 2023, up from $0.04 for the previous period.</li>
<li><strong>What Greystone Logistics Does</strong>: Greystone Logistics Inc is engaged in the business of manufacturing and selling plastic pallets utilizing recycled plastic.</li>
</ul>
<p>Check This Out: <a href="https://www.benzinga.com/news/earnings/23/11/35529691/fear-greed-index-remains-in-fear-zone-ahead-of-feds-decision"><em> Fear &amp; Greed Index Remains In &#39;Fear&#39; Zone Ahead Of Fed&#39;s Decision </em></a></p>
<h3><strong>RENN Fund </strong></h3>
<ul>
<li><strong>The Trade</strong>: <strong> RENN Fund, Inc. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rcg#NYSE">RCG</a>) President and CEO Murray Stahl <a href="https://www.benzinga.com/sec/insider-trades/"><em> acquired a total of 413 shares </em></a> at an average price of $1.73. The insider spent around $714 to buy those shares.</li>
<li><strong>What&rsquo;s Happening</strong>: RENN Fund shares fell more than 2% over the past month.</li>
<li><strong>What RENN Fund Does</strong>: RENN Fund Inc is active in the financial services domain. It is a closed-end management investment company formed with the objective of providing long-term capital appreciation by investing substantially in privately placed convertible and equity securities of emerging growth companies traded on the United States securities exchanges.</li>
</ul>
<p>&nbsp;</p>
<p><em>Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> </em></p>


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<p>Greystone Logistics (GLGI) files form to delay filing 10Q.</p>

Greystone Logistics, Inc. (GLGI) Q1 2024 Earnings Call Transcript

These Basic Materials stocks are trading higher:-Verde Agritech Ltd (VNPKF) stock is trading at $1.11, a rise of $0.11, or 10.87%, on high volume.  Verde Agritech Ltd. gets a Sentiment Score of Very Bearish from InvestorsObserver.  -Greystone Logistics Inc (GLGI) stock is trading at $1.04, an increase of $0.1, or 10.63%, o

Basic Materials Stocks Moving Tuesday: VNPKF, GLGI, CNIKF, FTCO, TMC, METC, AG, GOLD

Greystone Logistics GAAP EPS of $0.03, revenue of $15.59M

These Basic Materials stocks are trading higher:-Greystone Logistics Inc (GLGI) stock is trading at $1.08, a rise of $0.08, or 8%, on high volume.  Greystone Logistics Inc gets a Sentiment Score of Very Bearish from InvestorsObserver.  -Alpha Metallurgical Resources Inc (AMR) stock is trading at $373.97, a rise of $15.26,

Basic Materials Stocks Moving Wednesday: GLGI, AMR, HCC, HLP, CNIKF, PMETF, PAAS, FQVLF

Greystone Logistics, Inc. (GLGI) Q2 2024 Earnings Call Transcript

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>There are ample opportunities among undiscovered <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> because there are two ways that shares can move higher. First, via price discovery. Undiscovered names, especially in the OTC market, can be undervalued and then re-rated as investors bid them up. Second, these small companies often see major improvements in performance. This, too, can be a major driver for outsized gains.</p>



<p><strong>Elite Pharmaceuticals</strong> was one of my undiscovered penny stocks sit. <a href="https://investorplace.com/2022/09/7-best-penny-stocks-for-10-cents-or-less/">In 2022</a>, it was around 3 cents per share, 6 times earnings. Today, it&rsquo;s 19 cents per share, 10.8 times earnings. So, what are some examples of high-potential undiscovered penny stocks right? Take a look at these seven. Each one could generate tremendous gains in the coming years.</p>



<h2>Butler National (BUKS)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/casino1600-300x169.jpg" alt="a room of slot machines in a casino to represent gambling stocks"><div>Source: Shutterstock</div></div>


<p><strong>Butler National</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/buks-stock-quote/"><strong>BUKS</strong></a>) is an obscure stock I&rsquo;ve discussed before in past coverage of penny stocks. While primarily an aerospace products and services company, Butler also owns a casino (Boot Hill) in Dodge City, Kansas.</p>



<p>As I argued last October, the primary appeal with BUKS stock is its <a href="https://investorplace.com/2023/10/these-7-penny-stocks-could-triple-your-investment-in-a-decade/">low valuation, coupled with recent developments that could help shake off its &ldquo;value trap&rdquo; status</a>. Shares are sold for just 7.7 times forward earnings. Stocks in both aerospace and gaming, which are comparable, trade at multiples of at least double this figure.</p>



<p>Even if the company does not get bought out, something else could serve as a catalyst. Last year&rsquo;s management changes are set to both reduce overhead expenses, and perhaps result in the company making other moves (such as a stock market up-listing, or a spin-off of the casino business) that may help Butler escape obscurity, and to unlock shareholder value.</p>



<h2>California Nanotechnologies (CANOF)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-man-figurine-300x169.jpg" alt="penny stocks. Penny Stocks with Potential"><div>Source: Shutterstock</div></div>


<p><strong>California Nanotechnologies</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/canof-stock-quote/"><strong>CANOF</strong></a>), also known as Calnano, is a provider of nanocrystalline materials for R&amp;D and industrial use. The company&rsquo;s shares have taken off in the past year (rising by more than 160%), but price discovery may not be over just yet.</p>



<p>Despite the significant increase in CANOF stock, it still trades at a reasonable valuation (11.7 times earnings). More importantly, as seen in Calnano&rsquo;s recent investor presentation, expected growth for one of the company&rsquo;s key markets (<a href="https://www.calnanocorp.com/Cal-Nano-Q3-2024-Investor-Presentation.pdf">the spark plasma sintering market</a>), suggests that a high level of growth may continue.</p>



<p>With this, CANOF may be well-positioned to both rise in line with earnings growth, as well as experience an expansion of its earnings multiple. In time, Calnano (which also trades in Canada on the <strong>TSX Venture</strong> exchange) could decide to move its U.S. stock market listing from the OTC market, to a major exchange.</p>



<h2>Comstock Holding (CHCI)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/house-home-desert-housing-crisis-1600-300x169.jpg" alt="Flat cut-out image of house jammed into the crack of dry desert, symbolizing housing crisis"><div>Source: shutterstock.com/Roman Bodnarchuk</div></div>


<p>Investors looking to make a contrarian wager on commercial real estate have many choices, but one they may want to consider is <strong>Comstock Holding</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/chci-stock-quote/"><strong>CHCI</strong></a>). </p>



<p>Originally in the homebuilding business, in more recent years Comstock has become a commercial property management firm, managing primarily mixed-use developments in the Washington, D.C. metropolitan area.</p>



<p>CHCI stock has held steady, despite the continued worries about whether the commercial real estate market downturn will worsen or stabilize from here. This share price steadiness more than makes sense. Comstock&rsquo;s <a href="https://ir.comstock.com/news/news-details/2023/Comstock-Reports-Third-Quarter-2023-Results/default.aspx">revenue and earnings</a> keep growing, as seen from the company&rsquo;s Q3 2023 results.</p>



<p>Still, the market still seems to ignore this, assigning CHCI a valuation (6.7 times earnings) well below that of other publicly-traded property management companies (which trades for 10-15 times earnings). Greater awareness of Comstock, plus normalization of conditions in the commercial property space, could help to bridge this valuation gap.</p>



<h2>Greystone Logistics (GLGI)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/polypropylene-plastic-1600-300x169.jpg" alt="A photo of a pile of red polypropylene plastic pellets."><div>Source: Anastasiia Burlutskaia / Shutterstock.com</div></div>


<p><strong>Greystone Logistics</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/glgi-stock-quote/"><strong>GLGI</strong></a>) may be up by 150% over the past year, but it&rsquo;s arguably still one of the undiscovered penny stocks. At least, based on this plastic pallet manufacturer&rsquo;s current valuation. </p>



<p>Yes, it is misleading to use the company&rsquo;s trailing twelve month earnings to value the stock.</p>



<p>Greystone&rsquo;s earnings last year were skewed by a one-time event (<a href="https://compliance-sec.com/secfilings/company/glgi/link_files/2023/08-28-2023/Form10-K(08-28-2023)GreystoneLogistics/Form10-K.pdf">the receipt of a massive pandemic-related refundable tax credit</a>). However, based on more recent results, such as <a href="https://compliance-sec.com/secfilings/company/glgi/link_files/2024/01-16-2024/Form10-Q(01-16-2024)GreystoneLogistics/Form10-Q.pdf">earnings of 3 cents per share</a> last quarter, it&rsquo;s clear cooling inflation and rebounding demand are helping to improve margins.</p>



<p>If this keeps playing out, GLGI stock could rise, as it becomes clear that the company is once again consistently-profitable thanks to its operating business, not because of tax credits. This could result in a re-rating, enabling this already strong-performing penny stock to add to its gains.</p>



<h2>Mama&rsquo;s Creations (MAMA)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/food-packaging-1600-300x169.png" alt="A photo of various food packaging containers."><div>Source: Pixel-Shot / Shutterstock.com</div></div>


<p>Admittedly, it may be a stretch to call <strong>Mama&rsquo;s Creations</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/mama-stock-quote/"><strong>MAMA</strong></a>) shares undiscovered. </p>



<p>In recent years, this purveyor of &ldquo;heat and serve&rdquo; foods has already experienced a high level of growth, as well as an outsized amount of price appreciation for its formerly OTC-listed, now NASDAQ-listed shares.</p>



<p>As recently as late 2022, MAMA stock traded for just over $1 per share. Today, it trades for $4.50 per share. Yet while the stock is up by a tremendous amount already, the potential is still there for shares to keep growing at a slower but still above-average pace.</p>



<p>Per sell-side forecasts, earnings could grow by as much as <a href="https://seekingalpha.com/symbol/MAMA/earnings">43.75%</a> this fiscal year (ending January 2025). While priced already like a growth stock at 26.7 times forward earnings, continued growth could help sustain this valuation, with shares moving higher in tandem with increased earnings.</p>



<h2>Power Solutions International (PSIX)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/car_motor_1600-300x169.jpg" alt="A close-up photograph of a car engine representing SINT Stock."><div>Source: OlegRi / Shutterstock.com</div></div>


<p>If searching for deep value plays among undiscovered penny stocks, consider <strong>Power Solutions International</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/psix-stock-quote/"><strong>PSIX</strong></a>). Shares in this manufacturer of engines and power systems trade for only 2 times forward earnings.</p>



<p>Yes, there&rsquo;s somewhat of a rationale for the super-low valuation of PSIX stock. As InvestorPlace&rsquo;s Omor Ibne Ehsan discussed last November, Power Solutions International has <a href="https://investorplace.com/2023/11/buy-alert-analysts-say-these-3-growth-stocks-could-double-in-2024/">in the past been unprofitable</a>, reporting high levels of cash burn. This may mean investors are still skeptical about future operating performance.</p>



<p>Power Solutions could continue to handily beat expectations with subsequent quarterly results. Sell side forecasts call for earnings of <a href="https://seekingalpha.com/symbol/PSIX/earnings">$1.22</a> per share during 2024. This may only represent 14% earnings growth compared to 2023. </p>



<p>However, as this would also signal that the company has achieved consistent profitability, this may assuage investor concerns, resulting in (as Ehsan also argued previously), a major re-rating to the upside for shares.</p>



<h2>Vaso (VASO)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/biomedical-technology1600-300x169.png" alt="Modern Medical Research Laboratory with Computer, Microscope, Glassware with Biochemicals on the Desk. Scientific Lab Biotechnology Development Center Full of High-Tech Equipment. Biomedical technology stocks, RSLS Stock"><div>Source: Gorodenkoff / Shutterstock.com</div></div>


<p>At the same time I &ldquo;discovered&rdquo; ELTP, I also discovered medical technology company <strong>Vaso</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/vaso-stock-quote/"><strong>VASO</strong></a>). Since then, many other investors have discovered it as well. </p>



<p>This, plus enormous improvements in Vaso&rsquo;s profitability, have resulted in a high amount of price appreciation for shares.</p>



<p>Trading for just over a dime in 2022, VASO stock today trades for around 28 cents per share. However, even after this big run-up, don&rsquo;t assume you have missed the boat. In fact, Vaso could pretty soon become even more greatly followed by the market.</p>



<p>How? Back in December, the company announced <a href="https://www.prnewswire.com/news-releases/vaso-corporation-a-diversified-medical-technology-company-currently-trading-on-the-otcqx-market-to-list-on-nasdaq-via-spac-merger-302009376.html">plans to merge</a> with special purpose acquisition company (or SPAC) <strong>Achari Ventures Holdings Corp I</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/avhi-stock-quote/"><strong>AVHI</strong></a>). </p>



<p>Merging with Achari, in effect a market uplisting and reverse split, could bring about a fresh wave of price discovery. Trading for just 4 times earnings, shares could receive a big re-rating after the SPAC merger closes.</p>



<p><em>On the date of publication, Thomas Niel&nbsp;did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.</p></div>	<div>
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<p>The post <a href="https://investorplace.com/?p=2652004">7 Undiscovered Penny Stocks Poised for Meteoric Rises</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Undiscovered Penny Stocks Poised for Meteoric Rises

An announcement from Greystone Logistics Inc (GLGI) is now available. Curtis C. Crosier has stepped down as the Chief Financial Officer of the comp...

Greystone Logistics Names R. Brice Dille Interim CFO

Greystone Logistics GAAP EPS of $0.01, revenue of $13.98M

Greystone Logistics Inc (GLGI) has shared an update. The registrant announced a press release on April 17, 2024, which has been furnished in accord...

Greystone Logistics Inc Issues Key Update to Investors

Greystone Logistics, Inc. (GLGI) Q3 2024 Earnings Call Transcript

BUKS

CANOF

CHCI

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GOLD

MAMA

METC

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Press Releases

GREYSTONE LOGISTICS, INC. REPORTS ACQUISITION OF PARDIGM PLASTIC PALLETS

GREYSTONE LOGISTICS, INC. TO REPORT REVENUES AND EARNINGS FOR THE YEAR ENDED MAY 31, 2023

GREYSTONE LOGISTICS, INC. REPORTS RECORD RESULTS OF OPERATIONS FOR THE YEAR ENDED MAY 31, 2023

Greystone Logistics, Inc.  to Report Revenues and Earnings  for the Three Months Ended August 31, 2023

Earnings

Greystone Logistics, Inc. Reports Impressive Results of Operations for the Three Months Ended August 31, 2023

Greystone Logistics, Inc. - Schedule of Events Regarding Earnings  for the Six Months and Three Months Ended November 30, 2023

Greystone Logistics, Inc. Reports Another Strong Quarter Demonstrating Robust Growth and Impressive Financial Results for the Six and Three Months Ended November 30, 2023

Greystone Logistics, Inc.  -  Schedule of Events Regarding Earnings for the Nine Months and Three Months Ended February 29, 2024

Greystone Logistics, Inc. Reports Results of Operations for the Nine and Three Months Ended February 29, 2024

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Latest News for Greystone Logistics Stock (OTC:GLGI)

Wednesday, November 01, 2023

Friday, October 04, 2019

Thursday, April 14, 2011