Tuesday’s Hot OTC Stock Watclist: BMXC, IGEX, HMLA, IQST, FNMA, NICH

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

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.

Indo Global Exchange(s) PTE Ltd. (OTCMKTS:IGEX) stock was in action in the previous trading session as the stock ended higher by 21% at $0.0099 with over 105.16 million shares traded hands, compared to its average volume of 44 million shares.  

Indo Global Exchange(s) Pte, Ltd. focuses on providing financial market access to customers worldwide. Its platform provides financial market access to approximately 30 equity exchanges for trading in securities and contract for differences. The company is based in Jakarta, Indonesia.

Himalaya Technologies Inc. (OTCMKTS:HMLA) stock was one of the notable active movers in previous trading session as the stock was ended down by 17% at $0.0095 with over 10.26 million shares traded hands, compared to its average volume of 1.49 million shares.

The company announced that its Form 10-12G A-4 has been accepted by the SEC and, as a result, its stock will go effective as a registered security allowing for electronic trading as OTC Pink current. The anticipated effectiveness is the culmination of several months of work with regulators providing disclosures to investors including multiple amendments. As a result, HMLA will be a fully reporting stock bypassing the unaudited alternative reporting requirements of the OTCMARKETS.

iQSTEL Inc. (OTCMKTS:IQST) stock continued to trend higher on Monday. On Monday, the stock was up 0.66% to $0.63 with more than 564K shares traded hands, compared to its average volume of 976k shares.

iQSTEL Inc., through its subsidiary, Etelix.com USA, LLC, provides telecom and technology solutions. It provides international long-distance voice services (ILD wholesale) for telecommunications operator; and submarine fiber optic network capacity for internet, such as 4G and 5G.

Federal National Mortgage Association (OTCMKTS:FNMA) stock was one of the most active stock buzzers. The stock ended flat at $0.7780 with over 1.03 million shares traded hands, compared to its average volume of 1.59 million shares.

Federal National Mortgage Association provides a source of financing for mortgages in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S. Department of Agriculture, manufactured housing mortgage loans, and other mortgage-related securities.

Nitches Inc. (OTCMKTS:NICH) stock continued to trend lower on Monday. On Monday, the stock ended down 23% to $0.2165 with more than 7.99 million shares traded hands, compared to its average volume of 879K shares.

Last week, the company announced the grand opening of its online stores that are selling limited-edition hoodies and caps. The luxury athleisure items are part of Superstar Vocal Coach Nick Cooper’s “FutureMega” collection and The “BadAss Vegan” Influencer and Filmmaker John Lewis’ “Peace on Marz” line. Consumers can purchase these items today by visiting the “FutureMega” and “Peace on Marz” stores on nitchescorp.com.