Following were the notable penny stock buzzers in the previous session on high volume. Keep an eye on these stocks this week.
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Bemax Inc. (OTCMKTS:BMXC) is in the fast-growing online disposable diaper market that Grand View Research expects to reach $108 Billion by 2028. BMXC is exploiting a niche in the diaper market as most competition is primarily retail. Grand View sees its expansion at a CAGR of 3% through 2028.
A decade ago, ecommerce accounted for 8% of total retail purchases. Online sales now represent nearly 20% of spending through all channels. With 2020 being an anomaly consumer spending wise, comparing digital revenue in 2021 to 2019, online spending soared by 50.5%.
BMXC is positioning itself to grab sizeable market share by specializing in the direct-to-consumer distribution of high-quality disposable diapers.
Endexx Corporation (OTCMKTS:EDXC) stock was one of the notable active movers in previous trading session as the stock fell 2% at $0.0598 with over 300k shares traded hands, compared to its average volume of 295K shares.
Endexx Corporation engages in the manufacturing and sale of cannabidiol (CBD)-based products for the health and wellness market. It provides CBD creams, oils, capsules, extracts, topicals, drinks, chocolates, and pet products, as well as hemp-derived health and beauty care products for supporting the therapeutic relief of pain and inflammation for humans and pets through its e-commerce site cbdunlimited.com, as well as other online and in-store retailers.
Cyberlux Corporation (OTCMKTS:CYBL) stock continued to trend in a range on Monday. On Monday, the stock ended flat at $0.0173 with more than 37.79 million shares traded hands, compared to its average volume of 40.59 million shares.
The company announced that the Company recorded $8,107,592 in Revenue and posted $1,903,766 in Net Income for the Full Year 2021. The Company also grew its Balance Sheet Assets to $9,327,043 with its successful platform acquisition strategy for the period ended December 31, 2021.
HUMBL Inc. (OTCMKTS:HMBL) stock was one of the most active stock buzzers. The stock moved down 4.12% at $0.1234 with over 3.87 million shares traded hands, compared to its average volume of 11.57 million shares.
The company announced that it has reduced its debt balance by exchanging promissory notes for common stock. On March 28, 2022, HUMBL entered into exchange agreements with various noteholders. Pursuant to such agreements, HUMBL exchanged promissory notes representing $3,176,804.61 in outstanding debt obligations for 37,374,172 shares of common stock.
ILUS International Inc. (OTCMKTS:ILUS) stock was one of the notable active movers in previous trading session as the stock ended lower by 1.17% to $0.1520 with over 3.74 million shares traded hands, compared to its average volume of 15.28 million shares.
ILUS International Inc., a mergers and acquisitions company, focuses on acquiring and developing technology and manufacturing businesses worldwide. It primarily focuses on emergency services, and life safety and related technologies, such as emergency response vehicles, electric utility vehicles, specialist vehicle conversions, disruptive firefighting equipment, wearable technology, and related software solutions.
Galaxy Next Generation, Inc. (OTCMKTS:GAXY) stock was one of the most active stock buzzers. The stock slid 2% to $0.36 with over 70k shares traded hands, compared to its average volume of 74K shares.
The company announced that it has extended several catalog contracts for an additional year and been awarded several new catalog bids in the state of Texas. The extended catalog contracts include: Good Buy Coop, Region 18 Texas, White Settlement ISD, Aldine ISD, Mansfield ISD and Fort Worth ISD.
