One of the more striking features of penny stocks is that these are stocks that may sometimes generate outsized returns and help investors in generating considerable wealth within a certain period.
As a result, the interest in penny stocks remains considerable and every day there are hundreds of thousands of investors who flock to their trading terminals to hunt for the next big thing in the penny stock space. This article is going to give you a look at a total of four stocks that have the potential of generating a tenfold return eventually. It could be a good time to add these to your watch lists.
Rogue Baron Plc (OTCMKTS:SHNJF) – The first penny stock that makes it to this list is Rogue Baron Plc, which has come into focus in recent times due to the sort of work that is doing in the premium Japanese whiskey market.
The premium spirits company is currently involved in putting in place processes that is going to help it in meeting the surging demand in the market for Japanese whisky. The secret sauce for the company in this regard is the premium whisky brand Shinju Japanese Whisky, which it owns. Rogue Baron has also noted that it has put in place a long term strategy that is not only going to be attractive to consumers but also to investors and also to bigger brands who might wish to acquire the company.
If an acquisition does happen then it may result in the stock delivering considerable gains to long-term investors and that is a possibility that may be on the back of the minds of many investors. The taste of Japanese whisky is quite similar to Scottish whisky and that is the reason why the market for the variant is growing. Rogue Baron is looking to cash in on it.
Wearable Health Solutions Inc (OTCMKTS:WHSI) – The bear market may have pummelled plenty of stocks in recent times, including penny stocks but one of the major exceptions in this regard has been the Wearable Health Solutions Inc stock. The company, which is involved in the wearable medical devices, space, has seen its stock rally by as much as 58% in the past week to continue on its merry ways.
Wearable Health Solutions may be a small company but it is operating in an industry in which some of the biggest names are behemoths and hence, the potential for growth is also more. More importantly, Wearable Health Solutions has already managed to get its products onto the market, unlike many others who are still working on their products at this point in time. These are all very important factors that ought to be kept in mind when considering the Wearable Health Solutions stock. It may be possible that investors have caught on to these factors.
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.
Rogue One Inc (OTCMKTS:ROAG) – The first one to look into is Rogue One Inc, which has reported a number of positive developments in recent times. One of those is the fact that the company is working on getting its stock uplisted to the expert market and thereby regaining its current status. However, on the operations side, Rogue One has also put ambitious plans in place which investors could do well to take a look at.
The company has decided to focus on premium Japanese whiskey and tequila, both of which are premier liquors. The tequila market is expected to touch $14.70 billion in 2028 and that would work out to a CAGR of 5.8%. Hence, it could be said that Rogue One is possibly on the right track. On the Japanese whiskey front, Rogue One is already the distributor of Shinju Japanese Whisky, which is considered one of the premium brands.
Genesis Electronics Group Inc (OTCMKTS:GEGI) – Considering the fact that the Genesis Electronics Group Inc stock has managed to rally by a staggering 260% over the course of the past week, it is only natural that it has been included in this list.
At the same time, it is perhaps important to note as well that there has been no news about the company in the past week and the last time it was in the news was back on May 31, 2022. At the time the company had announced that it had decided to launch a new business plan that is going to be centered on acquiring licensing agreements from autonomous tech firms.
Gold Entertainment Group Inc(OTCMKTS:GEGP) – Last but not least, it is the Gold Entertainment Group Inc stock that may be added to the watch lists of these penny stocks. While it is true that the company does not have significant operations of its own it seeks to become a vehicle for a merger with another company and that may interest some investors.