As everyone knows, the OTC Markets is not only meant for American companies but a large number of foreign company stocks are also available there. Investors who are looking for value may find a number of stocks that may be worth tracking this morning. As the trading week comes to a close, it may be the right time for investors to look into some of the overseas companies listed on the OTC Markets which may be added to the watch lists. This article provides you with a glimpse into five such companies.
Rogue Baron (OTCMKTS: SHNJF) – The world of whisky is diverse and highly competitive and in recent times luxury Japanese whisky has managed to emerge as a highly popular option for consumers in many nations. The demand for it is only on the rise and that brings the company SHNJF into focus at this point.
The company is still not as well known among many but it offers a unique opportunity to individuals to make an investment in a Japanese Whisky that has won numerous awards. The company is currently worth $7.4 million in terms of market cap but SHNJF is trying to build its brand quickly so that it can become a target of an acquisition.
If the acquisition does happen then it could end up creating some wealth for those who invested in the company. This is one of the stocks which you may consider keeping on your watch lists this morning.
Abaxx Technologies Inc (OTCMKTS:ABXXF) – Toronto, Canada-based financial software company Abaxx Technologies Inc is another one that ought to draw the attention of investors this morning after it emerged as a significant gainer in recent days. Over the course of the past week, the stock has been in the middle of a major rally and managed to deliver gains of as much as 25% during the period. Earlier on in the week of June 15 the company had announced that its Notice of Intention for making a normal course issuer bid had actually been accepted by NEO Exchange Inc.
The bid for purchasing for canceling as many as 3,657,475 common shares in Abaxx Technologies and the acceptance of the bid may have come as a source of optimism for many investors. Considering the fact that the stock has already gathered strong momentum, it may be a good time for investors to consider adding the stock to their watch lists and keep an eye on the price action.
Alpha Lithium Corporation (OTCMKTS:APHLF) – The Lithium sector is currently one of the hottest sectors in the market due to the soaring demand for the product and one of the companies operating in the sector is Alpha Lithium Corporation. The company’s stock went through a fairly tough time on Thursday and ended up with a decline of as much as 9% amidst a strong selloff. However, there has been no news at all about the company that might have led to the significant selloff that was seen yesterday.
It may be a good idea, however, to have a better idea about its operations. Alpha Lithium Corporation is mainly involved in acquiring and then developing lithium brine deposits in the North American region and also in Argentina. It has 100% interest in properties located in Grand County in Utah and in Salta, Argentina. It will be interesting to see if the stock can make a recovery today.
Belo Sun Mining Corp (OTCMKTS:BSXGF) – Another overseas origin OTC Markets listed company that may be of interest to you today is Belo Sun Mining Corp. The stock was in considerable focus among investors yesterday and had managed to generate gains of as much as 7%. That being said, it is also necessary to note that there was no news about the company yesterday and the last time that it had actually been in the news was back on May 24 this year.
The company announced at the time that it had been issued an interim suspension notice by a judge from the Agrarian Court of Altamira with regards to the Environmental License and the Construction License related to the Volte Grande Project. It is, however, hard to tell if the latest move in the Belo Sun Mining Corp had anything to do with that.
WonderFi Technologies Inc (OTCMKTS:WONDF) – The WonderFi Technologies Inc stock made a strong recovery yesterday after having ended the day with gains of 15%. However, it should be noted that despite the recovery, the stock is still down by as much as 160% over the course of the past week. As it happens, the company was in the news earlier on this week on June 15 when it announced that it had been granted the conditional approval for listing its two series of warrants as well as its common shares on the Toronto Stock Exchange.