While it is true that every day many investors go for blue-chip stocks, there are many other stocks, trading at very modest prices, which often end up delivering significant gains. For instance, there are now many stocks that trade below a dime but many of those stocks often end up delivering handsome gains to their investors.
On that note, it may be a good idea for investors to take a look at some of those stocks trading under a dime that may have rallied strongly on Wednesday. Here is a look at six of the biggest potential gainers to watch.
Rogue One Inc (OTCMKTS:ROAG) β 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.
NuGene International Inc (OTCMKTS:NUGN) – The first one to make it to the list is NuGene International Inc, which was in the middle of a strong rally on Wednesday and ended up with gains of as much as 15%.
The company was in focus earlier on in the week on Tuesday after it announced that it had inked a strategic consulting agreement with a hotel based out of Tenerife in the Canary Islands. As per the provisions of the contract, NuGene International is going to be involved in providing consultancy services in the fields of bank refinancing, long-term strategy in terms of services, and refurbishment consultancy.
The real estate personnel at the company are going to be responsible for overseeing this particular project.
Phoenix Rising Corporation (OTCMKTS:PRCX) – The next significant mover from among stocks trading under a dime was Phoenix Rising Corporation. Over the course of the past week, the stock has declined sharply and gone down by as much as 31%.
While the decline in the stock may have alarmed the investors, it is also necessary to keep in mind that there has been no news about the company in the past week. The company primarily works through a range of subsidiaries and is involved in trading lubricant, oil, and gas in the People’s Republic of China. At this point in time, it remains to be seen if the stock can manage to make a comeback any time soon.
PPJ Healthcare Enterprises Inc (OTCMKTS:PPJE) – Another stock that moved in the wrong direction in this particular category of stocks was the PPJ Healthcare Enterprises Inc stock, which went down by as much as 12% on Wednesday.
However, it is important to note that there was no news about the company that may have led to such a decline. The company works through a number of subsidiaries and is mainly involved in providing specific specialized services to healthcare providers. It provides online health information digital systems and practices information management system software to healthcare providers.
NextMart Inc (OTCMKTS:NXMR) – In the past week, the NextMart Inc stock has been in the middle of a strong rally and it continued yesterday as it ended the day with gains of 4%. That took the gains made by the stock in the past week to as much as 25%.
There has been no news about the company over the past week but earlier on in the month on June 9 the company had made a major announcement about its fully owned subsidiary unit Emco Oilfield Services. It was announced that Emco had kicked off an acquisition initiative for water rights in New Mexico for the purpose of boosting the water capacity at its own water stations.
Upstryve (OTCMKTS:PBYA) – The one to complete the list is Upstryve, which saw its stock take a dive yesterday and end the day with a decline of as much as 8%.
However, at the same time, it ought to be noted that despite the fall, it is still up by 20% in the past week. The company is involved in international education, career advancement training, and vocational training space. It remains to be seen if the stock can make a recovery today or not.
