If a stock gathers momentum then it often attracts the attention of many investors and in fact, there are many investors who specifically look for such stocks on a daily basis. These investors are even called ‘momentum investors’ sometimes.
This morning many of the investors in the OTC Markets are also going to be looking into such stocks and it may be a good idea for investors to be prepared about it. This article is going to give you a fairly detailed look into a number of stocks that are currently in momentum and it may be a good move to keep track of these this morning.
Wearable Health Solutions Inc (OTCMKTS:WHSI) – The wearable medical device space is growing at a pretty brisk pace and there are now many investors who are looking into the possibility of investing in this particular sector.
One of the OTC listed companies from the sector which may be worth looking into at this point is Wearable Health Solutions Inc, which has done some stellar work in this sector in recent times despite being a relatively small outfit. The company has been successful in coming up with some highly innovative wearable medical devices in recent times and that could possibly place Wearable Health Solutions in a strong position to corner even a part of the market opportunity that could be worth a staggering $960 billion by 2030.
Although a small company, Wearable Health Solutions is in an industry in which some of the behemoths are operating and since it has already come up with its own products, it is a distinct possibility that it can hold its own. The stock is still trading at very low levels and it can prove to be quite attractive to a wide range of investors at this point in time.
Its remote monitoring devices are regarded as the best in their categories and that is a major positive considering the fact that the effectiveness of the products is ultimately going to decide the long-term faith of the company. It might be a good idea for investors to consider adding the stock to their watch lists for the day and watch for the price action.
SNM Global Holdings (OTCMKTS:SNMN) stock was one of the biggest gainers with a jump of a whopping 71% to $0.0012. Last month, The company announced it has entered into talks with the aim of acquiring a high revenue-producing recycling plant in a joint venture with a world-renowned environmental engineering company. The acquisition target is a recycling plant of tire and residual waste and represents the highest state of the art worldwide and, for the first time, makes use of advanced technologies that hitherto have been non-existent.
Sugarmade Inc (OTCMKTS:SGMD) stock was the biggest gainer in the previous session and closed up by 50% to $0.0003.
An emerging leader in the licensed cannabis sector, Sugarmade Inc announced the first transaction relative to the collaborative cannabis cultivation strategy through a definitive and executed contract with Cannabis Global.
Under the agreement, Sugarmade, through the partner licensed as well as permitted Lake County, California, cannabis cultivators, will produce about 25,000 pounds of “Fresh Frozen” cannabis. The same will be used by Cannabis Globalin its product lines and distributed to the California marketplace.
The companies have signed pre-booked, fixed-price contracts for $700,000, including cash payments from Cannabis Global to Sugarmade of $300,000. Planting of cultivators commenced in mid-may and continue into early June.
Jimmy Chan, CEO of Sugarmade said that the company is looking at a robust business model of using idle resources of other California cultivatorsand marketing their biomass into the marketplace. Chan added that the fresh model will enable local Lake County, California, cannabis companies to be in business even as it allows Sugarmade to concentrate on the distribution and marketing of manufactured products.
Green Leaf Innovations (OTCMKTS:GRLF) stock has been on roll over the past week with continuous buying activities. On Tuesday, the stock soared 28.50% to $0.0009, extending its weekly gains to 80%.
Founded in 1985 and headquartered in Connecticut, Green Leaf Innovations gives products and services to the legal marijuana industry. The company operates social media website, MJ-Xchange, with features like personal pages, forums, investment tools, music, chat rooms, games, videos as well as others. The firm provides an online warehouse, 420 Concept, having a selection of products, including vaporizers, water pipes, grinders, and scales. Furthermore, it gives payment processing solutions for the marijuana industry. Earlier, it was known as Gold Coast Mining Corp and had changed its name in March 2015.
Rights on Brands Inc (OTCMKTS:RTON), a developer of hemp-based products, has announced entering into an agreement with a full-service franchise development agency, Franchise Marketing Systems, to develop a franchise model for the ENDO Dispensary and Wellness Brand.
FMS will be developing franchise marketing materials, collateral as well as presentations for promoting and recruiting franchisees to the brand. FMS Franchise will also work with RTON for developing a business model, appropriate strategy as well as an approach for creating a platform that allows for scale.
Jerry Grisaffi, Right on Brands’ CEO said that the partnership with the FMS franchise will give the company the tools to do business nationwide.
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.
