Those who are successful in the stock market, in the long run, are almost always found to be excellent researchers and that is generally the only way in which investors can hope to be successful.
When it comes to penny stocks, the rules remain the same since it is necessary for investors to look into stocks closely before making any decision. This article is going to look into a number of stocks on which investors must conduct research and then come to a decision with regards to their course of action. Here is a look at 7 such stocks.
Rogue Baron Plc (OTCMKTS:SHNJF) – 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.
Hemp Inc (OTCMKTS:HEMP) – If you are looking into the hemp-based CBD space then it may be a good move to consider having a look into Hemp Inc. The company has emerged as one of the major players in the hemp-based CBD space. It has been able to do so since it produces innovative CBD products which are highly potent and has managed to become highly popular.
Last month the company reported that it’s Coffee Enhancer and Super Tincture products have generated huge demand. It now remains to be seen if the stock can manage to rally this week or not.
Digital Utilities Ventures Inc (OTCMKTS:DUTV) – Yesterday the Digital Utilities Ventures Inc stock was trading in a range and it is now going to be interesting to see if it can finally breakout in the coming days or not.
The company was last in the news back on June 28 when it made an announcement with regards to Easy Energy Systems Inc, a company that is expected to become its subsidiary. It was announced that Easy Energy was going to be featured in a worldwide television show which was going to be focused on climate-saving technologies that it had come up with.
Dr. Food Inc (OTCMKTS:DRFS) – One of the penny stocks that may well be on many investors’ radars this morning is the Dr. Foods Inc stock. The stock did not have a great time on Tuesday as it suffered from a strong selloff and ended the day with a decline of as much as 7%.
As the name suggests, the company is involved in the development and manufacturing of a range of food products. However, that is not all, Dr. Foods is also involved in the import and reselling of food products. It is a fairly new company and had been established last year. It is based out of Tokyo, Japan. It will be interesting to see if it can add to its gains today.
Rimrock Gold Corp (OTCMKTS:RMRK) – The Rimrock Gold Corp stock had been one of the more notable losers in the markets yesterday as it ended the day with a decline of as much as 41% amidst heavy selloff.
However, at the same time, it is also necessary to point out that there was no news about the company yesterday and hence, it remains to be seen if the situation changes today or not. The company is involved in marketing and developing a range of CBD based creams and oils in addition to hemp extracts.
Genesis Electronics Group Inc (OTCMKTS:GEGI) – The Genesis Electronics Group Inc stock was one of the major laggards yesterday among penny stocks as it ended the day with a decline of as much as 14%. There was no news about the company yesterday and the last time it was in the news was back on June 22.
At the time, the company had announced that it had appointed Kevin Damoa as a strategic advisor to the board of directors.
HUMBL Inc (OTCMKTS:HMBL) – HUMBL Inc had been one of the more popular penny stocks for some time but in recent times the stock has been in the middle of a downward trend. There has been no news about the company this month so far but it had been in the news back on June 21.
At the time the company had announced that it had roped in Myles Garrett in an endorsement contract for the promotion of its Web 3 blockchain platform.
