The OTC Market offers a lot of prospective options for enterprising investors who are ready to do their research and then head to the market. At the end of the day, only diligent research can provide the basis for long-term success in the markets, and hence, this morning investors who are going to explore the OTC Markets may consider looking into some of the stocks which may be on the verge of soaring and delivering handsome gains.
There is obviously no guarantee in the markets but if you are looking for such stocks then it may be a good time to take a look into these three stocks this morning.
Sparta Commercial Services Inc (OTCMKTS:SRCO) – The first such stock that may be tracked today by investors is that of Sparta Commercial Services Inc, which had in fact moved strongly last Friday and ended up with gains of as much as 10%. It is a diversified technology company and is involved in a range of industries including cryptocurrency, website development, mobile app development, e-commerce, CBD and wellness and also municipal lease financing all over the country.
The company has diversified in an aggressive way and at the same time bet on the growth of some of the modern industries. That is what possibly makes the company a compelling proposition for a number of investors. The revenues of the company are also on the rise and in the latest reported quarter, it reported strong growth. Margins have also improved at the same time.
In the first nine months of the fiscal year 2022, the operating expenses have gone down by around 30% while the cost of revenues also went down by 40%. This is a stock that may well be on the cusp of making a big move in the near term.
Texas Mineral Resources Corp (OTCMKTS:TMRC) – The next stock which may well be worth looking into this morning is that of Texas Mineral Resources Corp. Although the stock performed poorly last week and went down by as much as 9%, it could be a good idea to take a look at development from back on June 9.
At the time, the company announced that USA Rare Earth Inc, its joint venture partner, had managed to procure and develop the first sintered neo-magnet and rare earth metal facility that is based out of the United States. That was a significant development and one that could well prove to be a massive long-term positive for Texas Mineral Resources Corp.
V Group Inc (OTCMKTS:VGID) – The next one to make it to the list is V Group Inc, which is primarily in providing beverages in the United States.
While it is true that there was no news about the company yesterday, the V Group stock managed to make a strong upward move nonetheless and ended up with gains of as much as 33% for the day. It will be interesting to see if it can add to its gains over the coming days. V Group is best known for its antioxidant nutritional drinks in the United States which are available in a range of flavors.
Protext Mobility Inc (OTCMKTS:TXTM) – In the past few days,Protext Mobility Inc has emerged as one of the biggest movers in the OTC Markets and it continued yesterday as the stock ended up with gains of as much as 555% last week.
The company was in the news earlier on in the week on Monday when it emerged that it had been acquired by Republic of South Africa Medical Marijuana Dispensaries Acquisitions LLC.
The acquisition is going to be made completely through a share swap. The entirety of the capital stock in the Republic of South Africa Medical Marijuana Dispensaries Acquisitions is going to be exchanged for the preferred stock in Protext. The news about the acquisition may have been one of the major reasons behind the strong rally in the stock over the course of the week so far. It may be a good time to add it to your watch lists.
Trans Global Group Inc (OTCMKTS:TGGI) The company that completed this list of stocks on the verge of making a strong move is Trans Global Group Inc, which actually saw its stock slump by 12% on Friday.
However, there was no news at all about the company on that day. It does not have much operations to speak of, however, it is working on a merger with an unnamed company at this point in time and that is something that may be worth keeping an eye on.
Sysorex Inc (OTCMKTS:SYSX) – Last but not least, it is the Sysorex Inc stock that may be looked into. Yesterday, the stock declined by as much as 8% and that took the decline over the past week to as much as 30%. In this case, as well, there is no material reason for the fall since there has been no news about the company since May 5. At the time the company had provided an update in which its two major shareholders had reiterated their commitment to Sysorex.
