It is often said that penny stocks may be volatile but even then it is also true that those stocks can also generate enormous returns within a short span of time. Hence, there is a vibrant market for those stocks and investors are almost always on the lookout for a winner from among penny stocks.
This morning many investors are going to be hunting for penny stocks that may be on the verge of popping and this article is going to give you a lowdown on six penny stocks that could very well do so.
Rogue Baron Plc (OTCMKTS:SHNJF) β 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.
Voyager Digital Ltd (OTCMKTS:VYGVF) – The first one to look into this morning is Voyager Digital Ltd, the cryptocurrency brokerage. The company saw its stock recover strongly following the latest selloff and soared by as much as 62% following a new development.
Back on June 27, the company had announced that it had sent in a notice of default to the crypto hedge fund Three Arrows, with regards to a loan worth as much as $675 million. The sum is based on the price of Bitcoin as of Monday. Three Arrows could not make good on the payment for $350 million worth of USDC stablecoin and as many as 15250 Bitcoin tokens. Voyager noted that it is going to pursue recovery by way of legal means.
Hiru Corporation (OTCMKTS:HIRU) – Another penny stock that has made strong moves in recent days is the Hiru Corporation stock. On Wednesday, the stock went up by another 18% and thereby took its gains over the course of the past week to as much as 30%. It ought to be noted that the rally in the stock was not driven by any material news about Hiru.
Hence, investors could do well to look out for any news before deciding anything. Hiru is a Chinese company that produces Chinese herbs which are then deployed in the neuropathic industry.
Inpixon (OTCMKTS:INPX) – If you are looking into penny stocks that are on the verge of popping strongly, then it may be a good move to add Inpixon to your watch lists. The stock was in focus among investors yesterday and ended up with gains of as much as 14% as a consequence.
There was no news about the company though. However, earlier this month on June 13, Inpixon had announced that it had joined the Partner Program from SAP known as PartnerEdge-Build Member for the purpose of broadening its customer base. It was a significant development for the company.
Protext Mobility Inc (OTCMKTS:TXTM) – Considering the fact that Protext Mobility Inc saw its stock jump by as much as 28%, it is only fair to include it in this list. While there has been no news about the company this week, it should be noted that it was in the news earlier this month.
The company had announced on June 17, that along with Republic of South Africa Medical Marijuana Dispensaries Acquisitions LLC it was going to make a presentation at the Emerging Growth Conference that had been hosted on June 22. However, it is unclear if that announcement had any effect on the Protext stock.
Guardion Health Sciences Inc (NASDAQ:GHSI) – Last but certainly not least, it is the Guardion Health Sciences Inc stock that may be looked into at this point. The stock went up by as much as 5% yesterday despite there being no news about the company.
The last time the company was in the news was on June 9, when its independent proxy advisors ISS recommended shareholders to vote in favour of two proposals at the Annual Meeting of Shareholders that was going to be held later on in the month on June 16.
