Considering the sheer number of stocks that are classified as penny stocks it can often be difficult for investors to navigate the particular category. However, at the same time, it is also necessary to note that if one follows the price action of certain penny stocks and how investors are behaving, then one can get a fair idea about the direction of the market.
This article is going to look into some penny stocks which have made gains in recent days and have attracted the attention of some penny stock investors in a big way. Here is a look at six of those stocks.
Sparta Commercial Services Inc (OTCMKTS:SRCO) – The first such stock that could be added to your watch lists at this point in time is the Sparta Commercial Services Inc stock. It is a company that has taken the tried and tested route to corporate success- diversification.
It is a diversified company and has interests in a range of fields. At this point in time, it is involved in cryptocurrencies, mobile app development, website development, e-commerce, CBD, wellness, and also municipal financial services for municipal equipment across the United States.
As one can see, the company has managed to get involved in a disparate range of businesses at the same time and stands to win big if some of those prove to be successes.
The company has placed bets in sectors that could grow handsomely and generate considerable returns for the company in the long run. That has brought the stock to the attention of many penny stock investors in a big way and it is going to be interesting to see if it can lead to a major move in the stock in the coming days or not.
The company revenues are rising in recent quarters and on top of that, the margins have also grown indicating that the cost of revenues has also come down. Many analysts believe that 2022 could well be the year in which the company finally has a breakout in a big way and that is possibly one of the biggest reasons why penny stock investors are now focused on the stock.
Atlas Technology Group Inc (OTCMKTS:ATYG) – The next penny stock that could be added to this list is that of Atlas Technology Group Inc. Yesterday it did not have a good time in the markets as it ended the day with a decline of 20%.
However, it is perhaps more important to note that despite that steep fall, the Atlas Technology Group stock is still up by as much as 100% over the past week. There has been no news about the company in recent times. That being said, it should be noted that Atlas Technology Group does not have much to speak of with regard to business operations.
At this point, the company is looking for an opportunity to merge with another company that has experience in management and could help the company in generating growth. That way it may be possible for Atlas Technology Group shareholders to make a significant return on their investment.
Hiru Corporation (OTCMKTS:HIRU) – The next one to make it to this list is the Georgia-incorporated firm Hiru Corporation Inc, which has seen its stock go on a strong rally over the course of the past week. During the period, the stock went up by as much as 33% and has emerged as one of the penny stocks to look out for.
There has been no news about the company in recent times and the last time it was in the news was back in May. At the time, the company announced that it had gone into a co-packaging agreement with the Scottsdale, Arizona-based firm American Eagle Beverage. It now remains to be seen if the Hiru Corporation stock can manage to hold on to its momentum.
Rimrock Gold Corp (OTCMKTS:RMRK) – There has been no news about Rimrock Gold Corp in recent times but the stock has seen a lot of moves over the course of the past week. O
n Wednesday, the Rimrock stock went down by as much as 15% but at the same time, it may be pointed out that it is still up by 55% in the past week. It operates through a subsidiary and is focused on developing and marketing a line of products in the CBD segment.
Zion Oil & Gas Inc (OTCMKTS:ZNOG) – In the past week the Zion Oil & Gas Inc stock has been in the middle of a strong rally and clocked gains of as much as 18%. However, at the same time, it is important for investors to keep in mind that there has been no news about the company at all in the past week.
The last time the company was in the news was back on May 11 when it announced that it managed to get a new exploration license for the Megiddo-Israel Valley which spans an expanse of 99000 acres.
SusGlobal Energy Corp (OTCMKTS:SNRG) – In the past week the SusGlobal Energy Corp stock has managed to make a strong upward move and clocked gains of as much as 5% during the period.
There has been no news about the company in recent times and it may well be a good idea to keep an eye out for any news which may emerge. The last time the company was in the news was when it announced its financial results for the quarter ended on March 31, 2022.