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
Sparta Commercial Services Inc. (OTCMKTS:SRCO) just launched SpartaPayIQ, a crypto payment gateway developed for e-commerce and brick & mortar businesses. SpartaPayIQ makes SRCO makes a ‘first of its kind’ vertically integrated crypto commerce company.
Two great examples of online vertical integration include:
Netflix- produces shows and films as well as provides the distribution network through its streaming services.
Amazon- marketplace for buyers and sellers – but it also offers its own products and services, as well as its own distribution channel.
SRCO is applying this model to cryptocurrency payment processing. A recent Crypto.com Research Report states there are approximately 221 million cryptocurrency users worldwide holding over $2 Trillion worth of cryptocurrency to spend. That’s why the Global Crypto Payment Gateway Market is expected to grow with a CAGR of 22.8% over the next six years, according to Brandessence Market Research.
SRCO is making its bid to take a sizeable piece of this sizeable market.
Quad M Solutions Inc. (OTCMKTS:MMMM) stock was in action in the previous trading session as the stock went up 9% to $0.1740 with over 1.85 million shares traded hands, compared to its average volume of 849K shares.
Quad M Solutions, Inc. operates as a financial, employee benefit, and insurance consulting company that provides health plans and comprehensive benefits to employees of small and medium size businesses. It also offers staffing services to various industries, as well as comprehensive human resources payroll services. The company was formerly known as Mineral Mountain Mining & Milling Company and changed its name to Quad M Solutions, Inc. in May 2019. Quad M Solutions, Inc. was incorporated in 1932 and is based in Edgewater, New Jersey.
RushNet, Inc. (OTCMKTS:RSHN) stock continued to trend in a range on Tuesday. On Tuesday, the stock was down 7% at $0.0014 with more than 6.37 million shares traded hands, compared to its average volume of 34.69 million shares.
Recently, the company announced the debt restructuring for the existing lab purchase of heliosDX. As per the original agreement, heliosDX is to make a $64,000 payment monthly, with a balloon payment due in 2024. The original purchase amount of the laboratory was for $6,000,000 and currently with the new amortization schedule the company has an outstanding balance of approximately $4,400,000.
Symbolic Logic Inc. (OTCMKTS:EVOL) stock was one of the active stock buzzers. The stock ended flat at $1.48 with over 111K shares traded hands, compared to its average volume of 106K shares.
Symbolic Logic, Inc., a research and development organization, focuses on developing proprietary algorithms that model and predict behaviour of dynamic systems. It is also developing a set of tools and technologies for applying symbolic content to physical objects to catalog to track real-world objects. The company was formerly known as Evolving Systems, Inc. and changed its name to Symbolic Logic, Inc. in April 2022. The company was founded in 1985 and is headquartered in Englewood, Colorado.
Plandaí Biotechnology Inc. (OTCMKTS:PLPL) stock was one of the notable active movers in previous trading session as the stock ended flat at $0.0005 with over 125.87 million shares traded hands, compared to its average volume of 46.01 million shares.
Recently, . the company announced its entry into a non-binding letter of intent to enter into a new business through a proposed product and technology rights licensing agreement with the holder of rights to the unique Puriblood Leukocyte Reduction Blood Filtration System. Puriblood Medical Co., Ltd. [Taipei Exchange], develops and sells blood cell separation products including its leukocyte reduction filters for red blood cells, platelets, and whole blood, as well as real-time filtration sets for whole blood.
ICOA, Inc. (OTCMKTS:ICOA) stock was one of the active stock buzzers. The stock ended up by 10% to $0.0011 with over 51.18 million shares traded hands, compared to its average volume of 53.53 million shares.
ICOA, Inc. provides neutral-host wireless and wired broadband Internet services in the United States. It offers back office solutions for hotspot operators and wireless service providers. The company also provides network advisory services, as well as procures, configures, and installs network equipment; and equipment, administration, billing, business intelligence, and content management flexibility services. In addition, it engages in the design, installation, operation, maintenance, and management of neutral, common-use 802.11x standard WLAN Wi-Fi hot spot, and hot zone infrastructure facilities in airport, quick-service restaurants, universities, travel plazas, marinas, hospitality, and municipal/hot zone locations.
