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 ended flat at $0.24 with over 2.12 million shares traded hands, compared to its average volume of 903K shares.
The company has recorded its first significant operating income! Revenues were $17.6 million for the quarter with operating income of $1.34 million and net income of $3.3 million or $.03/ shr. Revenue grew by 96%, gross profit grew by 620% and pretax income increased from a $149,000 loss in the first quarter of 2021 to an operating profit of $1,355,000 in this year’s first quarter for a $1.5 million operating profit swing.
Bantec Inc. (OTCMKTS:BANT) stock continued to trend in a range on Friday. On Friday, the stock was down 20% at $0.0004 with more than 23.45 million shares traded hands, compared to its average volume of 70.68 million shares.
The company announces that it is looking into selling the Bantec Hunter and Bantec Hunter Max, loitering munition attack drones, to the U.S. Government. Michael Bannon, Bantec’s Chairman and CEO stated: “For the first time we are looking to have Howco sell our product to the U.S. Department of Defense.
AB International Group Corp. (OTCMKTS:ABQQ) stock was one of the active stock buzzers. The stock ended up by 5.66% to $0.0112 with over 2.18 million shares traded hands, compared to its average volume of 3.74 million shares.
The company announced, the Movie Sci-fi ‘Amazing Data’ prelaunch the Amazing Data Movie NFT’s drop has been available to NFT MMM’s users on the platform starting May 25, 2022. More than 100 NFT MMM-based buyers had been contacts NFT MMM would be interested to own IP rights and revenues of the Sci-fi movie ‘Amazing Data’ by owning its NFT drops. Some of them are interested to purchase around 100,000 to 200,000 STARs (it’s Movie NFT unit @$1 each) of the Movie Sci-Fi ‘Amazing Data’ on Movie NFT which total release 1 million NFT for limited the 50% copyright of Movie Sci-Fi ‘Amazing Data’.
CBD of Denver Inc. (OTCMKTS:CBDD) stock was one of the notable active movers in previous trading session as the stock went up 5.95% to $0.0044 with over 21.11 million shares traded hands, compared to its average volume of 10.27 million shares.
Recently, the company announced that mellow has signed an agreement with UK luxury CBD consumer brand OTO to act as their distribution partner in Asia. OTO, headquartered in London, is a premium positioned consumer CBD wellness brand, specialising in offering sophisticated products at the luxury end of the industry price spectrum. It has an extremely experienced management team, who place great value in the brand’s messaging, positioning and product strategy.
Gaensel Energy Group Inc. (OTCMKTS:GEGR) stock was one of the active stock buzzers. The stock ended down by 4% to $0.0390 with over 24K shares traded hands, compared to its average volume of 78K shares.
Gaensel Energy Group announces its Montenapoleone 1838 s.r.l. has signed agreements for the strategic acquisition of Seventy Percent (70%), of the controlling interested of Tiburon Cafe’ Holding s.r.l., http://tribudelcaffe.it/. A critical component in the acquisition of Tiburon Cafe’ Holding s.r.l. Gaensel/ Montenapoleone 1838 was the award of the exclusive agreement with Epos Café s.r.l. a premier coffee roasting company in Italy. https://www.eposcaffe.it/.
