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
American Leisure Holdings, Inc. (OTCMKTS:AMLH) is seeing major interest since announcing its entry into the NFT/Metaverse marketplace with the acquisition of Baller Mixed Reality. AMLH’s opportunity to innovate in this space is evident:
$25 Billion worth of NFT sales recorded in 2021 (Reuters)
The Global Collectibles Market is valued at $412 billion in 2021, projected to reach $692.4 billion by 2032. (Market Decipher)
The fastest-growing sectors include sports memorabilia, NFT, and Toy Collectibles.
BallerMixedReality.com shows impressive 3D-AR technology that could turn the collectibles market on its head. AMLH CEO Adrian Patasar noted, “The acquisition of Baller Mixed Reality is a cornerstone investment for American Leisure Holdings, and an important part of our strategy to amass strategic holdings in the Web 3.0 sector.”
The quote seems to indicate more potential market-moving acquisitions in the company’s future.
CGS International Inc. (OTCMKTS:CGSI) stock continued to trend lower on Friday. On Friday, the stock went down 16.50% to $0.33 with more than 241K shares traded hands, compared to its average volume of 458K shares.
CGS International, Inc. does not have significant operations. Previously, the company was engaged in the development, sales, marketing, and distribution of unmanned ariel vehicles. The company was formerly known as Tactical Services, Inc. and changed its name to CGS International, Inc. in June 2021. CGS International, Inc. was incorporated in 2012 and is based in Carson City, Nevada.
Indo Global Exchange(s) PTE Ltd. (OTCMKTS:IGEX) was one of the biggest active movers on Friday. The stock gained 12% to $0.0085 with over 46.84 million shares traded hands, compared to its average volume of 46.98 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.
SFLMaven Corp. (OTCMKTS:SFLM) stock was one of the active stock buzzers. The stock fell 5% to $0.0010 with over 20.99 million shares traded hands, compared to its average volume of 42.96 million shares.
Last week, the company announced that its CEO, Joseph Ladin, is voluntarily returning 300 million shares of common stock to the company’s treasury. It is a step towards the newly initiated shareholder value protection campaign, and designed to minimize outstanding shares to protect SFLMaven shareholders from dilution risk.
Eline Entertainment Group Inc. (OTCMKTS:EEGI) stock was one of the notable active movers in previous trading session as the stock flat at $0.0005 with over 23.15 million shares traded hands, compared to its average volume of 53.85 million shares.
Eline Entertainment Group, Inc., through its subsidiary Graystone Education, Inc., provides various education services. It also offers consulting services to public and private institutions, including charter schools, private k-12 schools, and higher education institutions at the undergraduate and graduate level.
ICOA Inc. (OTCMKTS:ICOA) stock was one of the most active stock buzzers. The stock fell 3.57% to $0.0054 with over 25.94 million shares traded hands, compared to its average volume of 62.48 million shares.
The company announced the tools it has developed to enable ‘crypto newbies’ with simple, educational and safe access to the burgeoning world of decentralised finance (DeFi). Indeed, there is strong opinion – and plenty of supporting research – that the core use case for crypto is DeF. Whilst DeFi doesn’t have a formal definition, it typically includes the use of the blockchain to borrow and lend using auction markets; to trade in unconventional derivatives; to trade one set of crypto assets against another; and for unusual forms of insurance.
