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.
Industrial Nanotech Inc. (OTCMKTS:INTK) stock was in action in the previous trading session as the stock ended higher by 8.61% at $0.0391 with over 9.59 million shares traded hands, compared to its average volume of 16.58 million shares.
Industrial Nanotech, Inc. develops, manufactures, and markets industrial grade insulation products utilizing nanotechnology in the United States and internationally. Its products include Nansulate Translucent PT and Nansulate Translucent High Heat, which are protective thermal insulation and corrosion prevention coatings; EPX4 for total asset protection; Nansulate Translucent GP.
Ozop Energy Solutions Inc. (OTCMKTS:OZSC) stock was one of the notable active movers in previous trading session as the stock was ended up by 0.40% at $0.0259 with over 6.46 million shares traded hands, compared to its average volume of 14.61 million shares.
Ozop Energy Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and distributes renewable energy products in the United States. It offers DC and AC power supplies, high voltage battery chargers, converters/inverters, 400hz aircraft ground support equipment, power electronic modules, and other power electronic products.
Trans Global Group, Inc. (OTCMKTS:TGGI) stock continued to trend higher on Monday. On Monday, the stock was down 2.27% to $0.0172 with more than 14.09 million shares traded hands, compared to its average volume of 64.81 million shares.
Trans Global Group, Inc. focuses on effecting a merger or acquisition with an unidentified company. The company operates as an investment company that plans to acquire companies in the liquor industry in China. Previously, it was engaged in the general construction, and renewable and solar energy sector. The company is headquartered in Shenzhen, China.
Artificial Intelligence Technology Solutions Inc. (OTCMKTS:AITX) stock was one of the most active stock buzzers. The stock ended flat at $0.0159 with over 20.83 million shares traded hands, compared to its average volume of 25.34 million shares.
The company announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has been named a recipient of 2 Secure Campus 2022 Awards by Campus Security & Life Safety magazine for its recently announced RAD Light My Way integrated safety application.
SPO Networks Inc. (OTCMKTS:SPOI) stock continued to trend lower on Monday. On Monday, the stock ended up 14.17% to $1.37 with more than 7.3k shares traded hands, compared to its average volume of 8.8K shares.
SPO Networks, Inc., through its subsidiaries, operates as an automotive manufacturing and design company. The company produces the HyImpact line of hydrogen fuel supplement systems for diesel and gas engines and generators. These systems reduce fuel consumption and emissions for transport, marine, and oil services applications. It also manufactures the HOSS line of off-road vehicles. The company was formerly known as Highline Technical Innovations, Inc. and changed its name to SPO Networks, Inc. in January 2017. The company was founded in 1993 and is based in Farmington, Arkansas.