Bullish Stocks Trading Above 50Days Moving Average: $LB $GPL $CRDF

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L Brands Reports Its Q2 2020 Results

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L Brands Inc (NYSE:LB) is currently trading 51.24% above its 50 Days simple moving average and the stock looks bullish. The company has released its Q2 2020 results in which it reported net sales of $2.319 billion which is a 20% decline compared to sales of $2.902 billion in Q2 2019. Although the company closed most of its stores during the pandemic at the end of Q2 2020 most of the Victoria's Secret and Bath & Body Works Stores across North America had reopened. Loss per share was $0.18 compared to earnings of $0.14 per share in Q2 2029. The company reported operating of $44 million and a net loss of $49.6 million.

Great Panther Mining Posts 48% YoY Increase In Revenue In Q2 2020

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Great Panther Mining Ltd (NYSE:GPL) stock is currently looking bullish and it is trading 52.99% above its 50 Days simple moving average. The company has reported its Q2 2020 financial results from its three mines. The company had record production in the Tucano mine in Brazil and it generated cash flow from operations of $19.5 million or $0.06 per share due to lower AISC. Revenue in the quarter increased 48% YoY to $67 million with record operating earnings of $35.8b million or $0.11 per share.

The company ended the quarter with 60.2 million in cash and equivalents and for 2020 the company expects to produce 146,000-158,000 gold equivalent ounces.

Cardiff Oncology Announce Q2 2020 Results

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Another stock currently looking bullish is Cardiff Oncology Inc. (NASDAQ:CRDF) which is trading at 49.78% above its 50 Days simple moving average. The company has announced its highlights and financial results for Q2 2020. During the quarter the company presented positive data showing the efficacy of onvansertib in the treatment of KRAS-mutated mCRC at the 2020 ASCO annual meeting.

The company ended the quarter with $27.8 million in cash and $2.8 million in clinical trial funding. Also, the company had $25.1 million in equity investment, clinical trial funding, and warrant exercises. Research and development expenses were $2.5 million drop from $2.8 million a year ago which was due to low expenses associated with clinical programs

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COMTEX_370475279/2700/2020-09-01T08:26:49

Is there a problem with this press release? Contact the source provider Comtex at [email protected].