Although the market has been in the middle of a difficult time there are certain categories of stocks that continue to get attention for investors and the penny stock makes up one such category. These stocks can often deliver enormous gains within a short period of time and therein lies the appeal. This article is going to provide you with a look into six penny stocks that may be on the cusp of a breakout. The article showcases six penny stocks in total that meet the criteria. Hope you find the insights useful in your penny stock trading journey.
Rogue One Inc (OTCMKTS:ROAG) – The first one that may be poised for such a move is the Rogue One Inc stock. It could be on the verge of making such a move on the back of the fact that not too long ago, the company had been all set to get back its current status and was all set to have an uplisting on to the expert market.
On the other hand, the company is also working on becoming the distributor of two categories of premium liquor, premium liquor, and premium tequila. All this points to the fact that growth may be coming and that may make the stock a compelling option for many investors.
Marketing Worldwide Corporation (OTCMKTS:MWWC) – The next penny stock company that may be included in this august list is that of Marketing Worldwide Corporation, which saw its stock soar by as much as 85% on Friday.
There has been no news about the company in recent day but back on May 19 this year the company had announced that it had been successful in activating its Minosis token presale launch pad. It was an important move ahead of the then-upcoming release of the token. It may have led to considerable excitement among investors at the time.
Brazil Minerals Inc (OTCMKTS:BMIX) stock is on fire over the past week. The stock has outperformed the broader market and gained 34% in the past week. On Friday, the stock closed up 8% at $0.0087.
Brazil Minerals Inc is a fairly unique company since it is totally involved in the battery metals space and at this point in time, it is involved in the development of a lithium project, which it owns in its entirety.
That being said it is also necessary to note that in addition to lithium, the company is also involved in mining graphite, cobalt, titanium, and nickel. If you are interested in penny stocks from the metals sector then Brazil Minerals is a stock you could consider adding to your watch list.
EncounterCare Solutions Inc (OTCMKTS:ECSL) – While there has been no news at all about the company in recent days, the stock was in downtrend on Friday and had declined by as much as 14%.
EncounterCare Solutions Inc is involved in two fairly disparate industries, energy, and healthcare. The company’s operations are restricted to the United States and it mainly operates its business through Energy and Healthcare services divisions.
The energy segment of its business is best known for the production of the fuel additive that is marketed under the Dynamo and EcoFlex 96 bands. On the other hand, the healthcare division of the business offers pediatric as well as neonatal services.
Hiru Corporation (OTCMKTS:HIRU) stock continued to trend higher on Friday and closed with a gain of 5%. The stock moved up about 12% last week on increased volume.
In recent days there has been no news at all about the Georgia-registered corporation Hiru Corporation, but it may remain an interesting penny stock for some reasons. It has a Nevada-based subsidiary named AZ Custom Bottled Water Inc which operates and owns a commercial bottling facility in Phoenix, Arizona.
On the other hand, the company had come into fair focus back on May 18 this year when it announced that it had gone into a co-packing arrangement with the Scottsdale, Arizona-based company name American Eagle Beverage. It remains to be seen if the stock sees any action today.
Good Hemp Inc (OTCMKTS:GHMP) To round off this list, we have Good Hemp Inc, which may well be one of the penny stocks to track at this point in time.
The stock was in a bit of correction on Friday and closed with a fall of 5%. However, the stock went up a whopping 51% last week on continuous buying interest.
Last week, the company had been in the news after it announced that it had managed to reach an agreement with regard to the acquisition of Petro X Solutions Inc. Petro X is involved in the manufacturing of hydrocarbon and other products meant for degreasing.