There may be a bit of turbulence in the markets right now but that doesn’t mean that investors are not looking into the possibility of investing in a wide range of stocks and penny stocks remain an area of interest for thousands of investors. These stocks generally trade under $5 a share and help people in owning a large number of shares for a relatively low outlay. If these stocks rally then it is possible for investors to generate a decent return. On that note, here is a look at some penny stocks that could be watched this morning.
Rogue One Inc (OTCMKTS:ROAG) – In recent days, the beverage sector has been one of the better performers in the market and hence, it could be a good time to look into a beverage penny stock this morning. Rogue One Inc is a company that is involved in the tequila distilling business and earlier on in the month, it had submitted a filing with regards to the updated figures from its financial results for the quarter that ended on March 31, 2021.
In the above-mentioned filing, historic balance sheets from the performance of Human Brands were also included. It may be a good move for investors to take a look at some of the highlights from the filing.
The filing revealed that following the acquisition of Human Brands, the company added as much as $520,761 in the form of revenues in the quarter. In addition to that, following the acquisition Rogue One also got control of a range of contracts that Human Brands had. Supply contracts from the range of 5000 liters a month to 200,000 liters a month fell under its control. The company had assets worth as much as $18 million. It is also important to note that prior to the acquisition of Human Brands, Rogue One had no revenues.
Great Panther Mining Limited (NYSEAMERICAN:GPL) – The next penny stock that could be on your radars today is the Great Panther Mining Limited stock, which has clocked gains of 14% in the past week. It is a precious metal mining company and its operations are primarily restricted to the Americas.
Yesterday, the company had come into focus after it announced that it had signed a share purchase agreement with the company Guanajuato Silver Company Ltd. By way of this agreement, Great Panther Mining is going to sell the entirety of its Mexican subsidiary unit Minera Mexicana El Rosario. It was a major new announcement and one that could bring the stock into sharp focus today.
Inpixon (NASDAQ:INPX) – On Wednesday, Inpixon was one of the companies that came into focus among investors and its stock emerged as a major penny stock mover, as it recorded gains of 13% for the day.
However, there was no news about the company and the last time it had been in the news was earlier this month on June 13. At the time, the company had announced that one of its units, INTRANAV, had joined the SAP PartnerEdge initiative, which is a partner program from SAP. It could help the company further enhance its customer reach.
Sharing Economy International Inc (OTCMKTS:SEII) – The Sharing Economy International Inc stock was one of the major penny stock gainers yesterday as it ended the day with gains of 14%. However, it should be noted that yesterday’s gains took the total gains made by the stock in the past week to a staggering 318%.
The company announced yesterday that it had signed a memorandum of understanding for establishing a joint venture with Quantron AG. The joint venture is going to be involved in the development as well as the marketing of zero-emission vehicles which will run on hydrogen and electric power.
CohBar Inc (NASDAQ:CWBR) – There was no news about the clinical-stage biotech firm CohBar Inc on Wednesday, but the stock moved strongly nonetheless and ended up with gains of as much as 5%.
As it happens, the last time the company was in the news was back on May 16, when it announced its financial results for the period that ended on March 31, 2022. The net losses for the period came in at $0.5 million, which was higher than the net losses of $0.4 million in the prior-year period.
Happiness Development Group Limited (NASDAQ:HAPP) – The stock to complete this list is that of Happiness Development Group Limited, which jumped by as much as 5% yesterday despite there being no news.
The company is involved in the development, manufacturing, and sales of dietary supplements and nutraceutical products in China and in the rest of the world. The company had earlier been known as Happiness Biotech Group Limited but in November last year, it changed its name to the current one.
