The OTC Markets remain a highly popular section of the stock market and every day thousands upon thousands of people flock to the market for these over-the-counter stocks. As another trading week begins, it may be a good time for investors to consider looking into some of the stocks from the OTC Markets which may in fact prove to be worth tracking. There are many stocks that may be worth looking into but investors need to be selective with their choices. Here is a look at six stocks that you may look into this morning.
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.
The beverage sector is growing at a fairly fast clip at this point in time and Kona Gold Beverage (OTCMKTS:KGKG) is perhaps one of the better-known operators in this space. However, the Kona Gold stock did not get off to a good start this week and ended up with a decline of as much as 3% on Monday.
Recently, It was announced that the combined gross revenue generated by all the subsidiaries stood at as much as $480,000 for the month of May. Gold Leaf Distribution LLC managed to bring in revenues of $345,000, while Kona Gold LLC managed to generate revenues of $135,000 for the month. The revenues posted by Gold Leaf Distribution also happened to be the highest that it had posted in its history. The company further noted that it had experienced considerable growth and could generate more revenues than it had in 2021.
Total-fleet management GPS tracking and monitoring solution provider, Ultrack Systems (OTCMKTS:MJLB), announced that the firm has acquired the California trucking company M-Loan Inc.
M-Loan, which has a significant track record in US trucking, specializes in the west-coast financing sector. The United States trucking industry has the highest GDP globally and is higher than the entire GDP of many nations. The acquisition sets the stage for both companies to function under the Ultrack umbrella. Moreover, the acquisition expands Ultrack’s footprint into strategic USA locations.
CEO Michael Marsbergen said that the intent is to make this the first of many successful North American acquisitions. He added that the company will see value addition for its shareholders. He added that it would give momentum for expanding the brand across the North American markets.
Developed of a breakthrough technology to produce renewable hydrogen using sunlight and water, SunHydrogen (OTCMKTS:HYSR) provided a second-quarter update on its progress toward a number of planned 2022 milestones. Earlier, the company had shared a quarter one update detailing the milestones needed for the production-quality prototype of its nanoparticle-based green hydrogen technology by end of quarter four of 2022.
Chief Scientific Officer Dr. Syed Mubeen said that the foremost achievement during the quarter was the fabrication of one of the two proprietary semiconductor units. Mubeen added that the firm has thoroughly tested its ability for hydrogen production using water and sunlight containing organics derived from biomass resources. The firm is also working on resolving supply chain challenges that have deferred the fabrication of the second proprietary semiconductor unit.
Leading environmental technologies firm, Midwest Energy Emissions Corp (OTCMKTS:MEEC), has reported financial results for quarter one ending March 31, 2022.
While its total revenues were $3.3 million vis-à-vis $3.0 million in the same year-ago quarter, the revenues were derived from sorbent product sales.
The company’s cost of sales was $2.3 million and $1.5 million for the three months ending March 31, 2022, and 2021, respectively. This increase was due to a $1.2 million increase in sorbent product sales in quarter one.
Total costs and expenses were $4.5 million and $3.4 million in the three months ending March 31, 2022, and 2021, respectively. Furthermore, there gain on extinguishment of debt for an amount of $299,000. Net loss in quarter one was the first quarter of 2022 was $1.1 million.
NaturalShrimp Inc (OTCMKTS:SHMP) – Last but not least it is the NaturalShrimp Inc stock that may be looked into this morning although it is important to note that it had tanked by as much as 10% last week.
There was no news about the biotechnology aquaculture company last week but back on June 2, the company had made an announcement with regards to its participation at a major industry event. The event in question is the ROTH 8th Annual London Conference that is going to be held at the InterContinental London Park Lane in London, United Kingdom.
