10 Micro and Small-Cap Firms Drive Year-to-Date Gains

3. Yoshiharu Global Corp. (NASDAQ:YOSH)

Yoshiharu—a Japanese restaurant operator with a market capitalization of $19.92 million—rose to a new high on Friday, closing the trading session at $13.81 apiece versus the $3.28 registered on December 31, with investors trading shares in the company despite the lack of clear catalysts to buoy buying appetite.

According to an analyst, YOSH’s relative strength index indicates that it is now in overbought conditions.

Last month, YOSH announced that it was able to raise $11 million through two agreements with Crom Structured Opportunities Fund, of which $10 million was raised through an equity line of credit, while the remaining $1 million came from the senior unsecured convertible promissory note.

According to the company, proceeds will be used for working capital and general corporate purposes to support future growth.

YOSH is a fast-growing restaurant operator and was born out of the idea of introducing the modernized Japanese dining experience to customers all over the world.