SSE Plc (OTCPINK: SSEZY) stock volume skyrocketed Mar. 20, with 585,316 changing hands, nearly eight times more than its three-month average volume of 74,332.
The upsurge in volume is being fueled in part by SSE’s positive announcement Mar. 19 by the Australian energy company regarding the Beatrice Offshore Windfarm Ltd, a joint venture partnership formed between SSE (75%) and Repsol Nuevas Energias UK (25%).
Project Consent Given
SSE said Marine Scotland granted consent on the $4.9-billion Beatrice offshore wind farm project (BOWL), situated in the Outer Moray Firth.
The wind farm has the potential to generate up to 750MW of renewable energy and bring a range of socio-economic opportunities through construction and operation, helping to create a new industry in the Moray Firth area. If BOWL decides to go ahead with the wind farm, it is expected to support a significant number of jobs during the construction phase, generate long term employment in the Moray Firth area throughout the operational lifetime of the offshore wind farm and create opportunities for local and Scottish businesses which will be easily accessible through SSE’s Open4Business Portal for the Highlands and Islands / Moray.
The project consent marks a positive step forward for BOWL, and it will now assess how to progress Beatrice over the coming months, taking account of all of the public policy, procurement and other issues that have to be considered before a final investment decision can be made.
Richard Escott, Head of Offshore Development for SSE Renewables, said:
“BOWL will continue to engage closely with all key stakeholders, including both the UK and Scottish governments, to address the commercial and regulatory challenges and enable what would be an important asset for the UK energy system, Scottish offshore wind industry and Moray Firth communities to progress.”
On Mar. 20, SSEZY’s share price closed at $24.56, up 84 cents from its closing price of $23.72 the previous day.
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The CannaBusiness Group Inc.’s Stock Volume Continues to Soar
In the marijuana sector, The CannaBusiness Group Inc.’s (OTCPINK: CBGI) stock volume continuing soaring, with 12,082,631 shares changing hands, nearly double its three-month average volume of 6,698,552 shares.
CBGI’s share price closed at 27cents on Mar. 20, down 3 cents, , from its share price of 30 cents the previous day.
The surge in volume and share value comes on the heels of an announcement that the Mission Viejo-based leasing company acquired 17.3 acres located in Northern California with its own water source which is being leased to a licensed medical-marijuana tenant.
The property is being purchased for $275,000 with restricted common stock and cash.
The CannaBusiness Group’s CEO Michael Cummings commented, “This purchase represents the type of transaction that The CannaBusiness Group, Inc. aspires to accomplish. The property is located in Butte County, California. And we believe a purchase like this meets our financial criteria and gives us a great asset base to build off as we continue to execute our strategy of acquiring land or commercial properties.”
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Nikon Corp. Stock Volume Continues to Skyrocket
Meanwhile, Nikon Corp. (OTCPINK: NINOY) stock volume continued to soar Mar. 20, 399,907 shares changing hands, nearly five times its three-month average volume of 84,893 shares.
The Japanese-based camera maker’s continued surge in volume comes about a week after the announcement of a new product Mar. 13 when Nikon announced the roll out of its new Nikon 1 V3.
Rolls Out New SLR Camera
According to Nikon’s press release, the latest addition to the V series of Nikon 1 advanced cameras comes with interchangeable lenses that propose new forms of imaging expression. Along with the Nikon 1 V3, Nikon is also releasing the new 1 NIKKOR VR 10-30mm f/3.5-5.6 PD-ZOOM, a normal zoom lens compatible with the CX format and covering the 10-30mm range of focal lengths. The 1 NIKKOR VR 10-30mm f/3.5-5.6 PD-ZOOM is the world's lightest interchangeable lens equipped with a power-drive zoom function, and also the world's first interchangeable lens equipped with power-drive zoom to utilize an electrically controlled lens cover.
The compact and lightweight body of the Nikon 1 V3 enables superior mobility, yet offers performance with tracking of moving subject that exceeds that of digital SLR cameras. It is a model that offers excellent image quality with superior sharpness and definition, and an operational feel similar to that of a digital SLR camera.
The Nikon 1 V3 is equipped with an 18.4-million pixel super high-speed AF CMOS Sensor with no low-pass filter and the new EXPEED 4A image-processing engine, the combination of which enables superior image quality.
On Mar. 20, NINOY’s share price closed at $16.38, down 37 cents from its close of $16.75 the previous day.
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