The penny stock market may be volatile but there may be rich pickings lying there if investors are patient enough and do their research well. This article is going to look into some penny stocks that may be on the cusp of exploding and hence, it may be a good idea to keep them on your watch lists. Here is a quick look at five of those stocks.
Rogue Baron (OTCMKTS:SHNJF) – The demand for premium Japanese whisky is rising at a fairly brisk clip and it is expected to continue to go up in the foreseeable future. In this situation, it could be a good idea for investors to consider looking into such companies which may be involved in the sector directly. By that token, it may be time to take a look at the Rogue Baron stock, which is readying to meet the rising demand for premium Japanese whisky through its Shinju Japanese Whisky brand.
The brand of whisky has already won awards and the company has already put plans in place for a way in which it seeks to build the business. It believes that the brand could become attractive for not only consumers but also investors and other brands which may eventually look to try and acquire the Shinju Japanese Whiskey brand. The stock has been in focus among investors in recent times and it may be a good time to add it to your watch lists.
WonderFi Technologies Inc (OTCMKTS:WONDF) – The first stock that you ought to look into is that of WonderFi Technologies Inc, which has been in the middle of a solid run in the past few days. This past Friday the stock managed to clock gains of as much as 9% and that took the gains for the whole week to 31%.
Yesterday, the company was in the news once again after it announced that it had been given the final green light for listing its common shares along with two different series of warrants on the Toronto Stock Exchange. It was a significant development and the excitement among investors was understandable.
Voyager Digital Ltd(OTCMKTS:VYGVF) – The next one that may be looked into is the Voyager Digital Ltd stock. Although the stock had been in the middle of a significant selloff in the past week and went down by as much as 40%, it may be a good idea to take a look at the development from Friday.
The company announced on Friday that it had signed a non-binding term sheet with the firm Alameda Research by way of which it managed to secure a revolving line of credit. That will provide the company with more capital and that may prove to be a long-term boost for Voyager Digital. The company decided to go for this move due to the conditions of the crypto market at this point in time.
American Pacific Mining Corp (OTCMKTS:USGDF) – Last week was a fairly harrowing one for investors of American Pacific Mining Corp as the company’s stock crashed by as much as 25% during the period. However, at the same time, it may be a good idea to take a look at development with regards to American Pacific Mining from earlier on in the month on June 7. The company announced at the time that geophysical survey results at the Gooseberry vein had managed to identify as many as three more additional interpreted veins.
Talon Metals Corp (OTCMKTS:TLOFF) – There has been no recent news about the mineral exploration company Talon Metals Corp but the stock suffered from a selloff nonetheless and went down by as much as 9%. The company is involved in the exploration and development of mineral properties. It should also be noted that it also has a 17.5% interest in the Tamarack nickel cobalt copper project located in Minnesota.
Summa Silver Corp (OTCMKTS:SSVRF) – The last one to add to your list is the Summa Silver Corp stock which crashed by as much as 16% last week but things may not be as bleak as it appears. Back on June 15 the company had announced that its common shares had commenced trading on the OTCQX Best Market. The ticker symbol for the stock was ‘SSVRF’.
