Following were the notable penny stock buzzers in the previous session on high volume. Keep an eye on these stocks this week.
If you are interested in nanocap stocks here is one you should look into
Generation Hemp (OTCMKTS:GENH) is a pure-play hemp stock operating in the midstream sector of the industry. While most of the stocks below have cannabis components that add risk, this stock could be the best way to capitalize on the booming hemp market.
Generation Hemp (OTCMKTS:GENH) uses hemp hurd, the byproduct of hemp processing, as animal bedding, under its Rowdy Rooster brand. Studies have proven hemp hurd bedding as one of the most absorbent, non-acidic materials, with low dust. It inhibits the growth of bacteria and mold that animals may breathe in from those dusty competitors.
Hemp hurd also absorbs 235% of its weight which is far better than the closest competition (55%). That’s why GENH’s hurd is now being used to help keep garages clean through a partnership with well-known brand Gas Monkey, Generation Hemp will manufacture a spill absorbent, sourced from hemp hurd.
Generation Hemp Inc. (OTCMKTS:GENH) is also in the crypto mining business, showing just how versatile hemp can be. GENH has partnered with Massachusetts-based Cryptech Solutions, the largest volume reseller of ASICS in North America, to build ‘green energy’ plants and Bitcoin mining farms that utilize hemp as the primary power source. GENH announced the first bitcoin mining facility through a Joint Venture ‘JV’ to be installed at Generation Hemp’s 48,000 sq. foot facility in Hopkinsville, Kentucky, which also houses a hemp drying operation through its wholly-owned subsidiary GENH Halcyon Acquisition.
This plant will be able to generate 2 megawatts (‘MW’) which would allow for up to 576 mining units. Assuming 100 TH/s per unit, GENH and Crypt Solutions would be able to generate $3.65 Million in Bitcoin revenues in 1 year of operations, assuming the price of Bitcoin doesn’t drop beyond its current low.
Xcelerate Inc. (OTCMKTS:XCRT) stock was one of the notable active movers in previous trading session as the stock fell 5.50% at $0.0585 with over 91k shares traded hands, compared to its average volume of 222K shares.
The company announces the availability of a new interview with Michael O’Shea, CEO of Xcelerate, Inc. (OTC Pink: XCRT), and Dr. Dilan Ellegala, a member of the Company’s advisory board and co-founder of AfiyaSasa Africa, LLC.
IIOT-OXYS Inc. (OTCMKTS:ITOX) stock continued to trend in a range on Monday. On Monday, the stock ended lower by 15% to $0.0165 with more than 2.30 million shares traded hands, compared to its average volume of 1.51 million shares.
The company announced the execution of a Non-Disclosure Agreement (NDA) with an EU based Electrical Technology Original Equipment Manufacturer (OEM). This NDA is the first step of the engagement process with this strategic partner.
GenTech Holdings Inc. (OTCMKTS:GTEH) stock was one of the most active stock buzzers. The stock moved down 25% at $0.0003 with over 75.74 million shares traded hands, compared to its average volume of 174.20 million shares.
GenTech Holdings, Inc. operates a chain of hemp centric coffee shop retail spaces under the Healthy Leaf brand name. The company offers CBD-infused chocolates, skin creams, artisan teas, artisan coffee, wellness snack bars, and pet treats through its retail spaces. It also provides holistic education and classes. The company is based in New York, New York.
Cybernetic Technologies Ltd. (OTCMKTS:HPIL) stock was one of the notable active movers in previous trading session as the stock ended lower by 18.18% to $0.0009 with over 122.36 million shares traded hands, compared to its average volume of 110.72 million shares.
Cybernetic Technologies Ltd., a diversified company, engages in developing technology projects in Canada. It offers GAMEZCASH and TUNEZCASH that are used in the form of currency for esports/gaming and online music industries. The company was formerly known as HPIL Holding and changed its name to Cybernetic Technologies Ltd. in May 2021. Cybernetic Technologies Ltd. is based in Vancouver, Canada.
North American Cannabis Holdings Inc. (OTCMKTS:USMJ) stock was one of the most active stock buzzers. The stock fell 7% to $0.0007 with over 76.80 million shares traded hands, compared to its average volume of 71.59 million shares.
North American Cannabis Holdings, Inc., through its subsidiaries, operates in the legal cannabis market in the United States. It conducts various pilots in the legal cannabis sector in order to explore various high growth potential business opportunities.
