6 Penny Stocks for Todays Watchlist: GENH, AITX, FNMA, CYBL, ZNOG, NSAV

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. 

Artificial Intelligence Technology Solutions Inc. (OTCMKTS:AITX) stock was in action in the previous trading session as the stock went down 6% to $0.0103 with over 28.46 million shares traded hands, compared to its average volume of 19.99 million shares.   

The company announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has provided an update on sales activities for the week beginning May 9, 2022.

“It’s been a busy week for RAD, and our sales pipeline is flowing well,” said Mark Folmer President of RAD. “In this week alone, we’ve booked two AVA units, one Wally device, four ROSAs, plus signed a new dealer, and it’s only Wednesday night.”

Federal National Mortgage Association (OTCMKTS:FNMA) stock continued to trend in a range on Tuesday. On Tuesday, the stock was down 13% at $0.61  with more than 4.19 million shares traded hands, compared to its average volume of 1.42 million shares.     

Fannie Mae announced its latest sale of non-performing loans as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio, including the company’s nineteenth Community Impact Pool (CIP).

Cyberlux Corporation (OTCMKTS:CYBL) stock was one of the active stock buzzers. The stock ended up by 0.93% to $0.0163 with over 33.87 million shares traded hands, compared to its average volume of 38.86 million shares. 

The company announced that the Company exceeded its April Revenue Plan of $2.0 million by 23 percent, delivering $2.46 million in revenue for the month. The Company also drove a 12 percent increase in Month-to-Month revenue over the $2.2 million revenue recorded in March of 2022. This is the first time in Company history where monthly revenue results exceeded $2 million for three consecutive months, marking the ninth consecutive month of sustained Cyberlux revenue growth.

Zion Oil & Gas Inc. (OTCMKTS:ZNOG) stock was one of the notable active movers in previous trading session as the stock moved up 3% to $0.2499 with over 2.62 million shares traded hands, compared to its average volume of 3.64 million shares.

The company filed for a new exploration license in the Megiddo-Jezreel Valley on the same 99,000 area as the previous #401 license and the current #428 license.

“This new exploration license application will further our current and future work plans in Israel,” stated Vice President and Managing Director in Israel, Jeff Moskowitz.

mPhase Technologies Inc. (OTCMKTS:NSAV) stock was one of the active stock buzzers. The stock ended up by 12% to $0.0103 with over 16.62 million shares traded hands, compared to its average volume of 16.43 million shares. 

The company announced the listing of the XXVR Token on the Company’s NSAVDEX Decentralized Cryptocurrency Exchange https://nsavdex.io/. XXVR is the first racing game token on Binance Smart Chain https://www.binance.com/en/news/top/1127704. Binance is the world’s largest cryptocurrency exchange.