There are plenty of stocks in the OTC Markets which may often be big overlooked but in fact, could often prove to be gems. However, in order to discover such stocks, it is necessary for investors to do their research diligently and study a number of companies before making their choices. It could often prove to be a fairly onerous task. This article seeks to make your life a bit easier and provides you a glimpse into some stocks which may have the potential to turn into gems. Here is a look at four such stocks.
Sparta Commercial Services Inc (OTCMKTS:SRCO) – While the name of the company may suggest otherwise, Sparta Commercial Services Inc is actually a holding company with interests in a wide range of industries. It is involved in mobile app development, website development, cryptocurrency, CBD, wellness, and municipal lease financing solutions.
The company has gone for a tried and tested method of generating growth. It has decided to invest in industries in which the rewards could be enormous in the long run and thereby unlock considerable value for shareholders. It is believed that 2022 could well be the breakthrough year for Sparta Commercial Services. The company’s revenues have been rising and in the quarter that ended on January 31, 2022, it recorded sequential growth.
However, the growth in revenues can only prove to be a green shoot if the cost of generating those revenues does not rise. In the case of Sparta Commercial Services, the cost of generating revenues has actually gone down. In the first nine months of the fiscal year 2022, the cost of revenue has gone down by around 40% and that indicates that the margins have improved considerably for Sparta Commercial Services.
Growth in revenues and improvement of margins are indicators of a company that has managed to unlock a formula for meaningful growth. It is not spending more in order to generate more growth and that is a factor that all investors need to bear in mind when they consider the Sparta Commercial Services stock. It may be prudent to add it to your watch lists.
Zion Oil & Gas Inc (OTCMKTS:ZNOG) – In the past week the Zion Oil & Gas Inc stock has been in the middle of a strong rally and clocked gains of as much as 18%. However, at the same time, it is important for investors to keep in mind that there has been no news about the company at all in the past week.
The last time the company was in the news was back on May 11 when it announced that it managed to get a new exploration license for the Megiddo-Israel Valley which spans an expanse of 99000 acres.
InnerScope Hearing Technologies Inc. (OTCMKTS:INND) stock was one of the notable active movers in the previous trading session as the stock ended lower by 1% at $0.0051 with over 9.46 million shares traded hands, compared to its average volume of 25.72 million shares.
InnerScope Hearing Technologies, Inc. provides hearing aids and its hearable, and wearable personal sound amplifier products to the retail hearing aid dispensing community. The company engages in the provision of manufacturing and direct-to-consumer distribution/retail of hearing aids, personal sound amplifier products, hearing-related treatment therapies, doctor-formulated dietary hearing supplements, and proprietary CDB oil for treating tinnitus
Transportation and Logistics Systems Inc (OTCMKTS:TLSS) – TheTransportation and Logistics Systems Inc stock has been in the middle of a strong move in the past week and has managed to deliver gains of as much as 15% during the period.
Back on June 30, 2022, it emerged that through its fully owned subsidiary unit Cougar Express Inc, the company had gone into a share purchase agreement by way of which it would acquire 100% of all the outstanding shares in JFK Cartage Inc. JFK Cartage is based out of New York and it is believed that the acquisition is going to help in boosting revenues of the logistics service provider considerably.
Sysorex Inc (OTCMKTS:SYSX) – There has not been any news about the company in recent times but Sysorex Inc is an interesting company to track.
The company is involved in providing information technology, Ethereum mining, and Ethereum blockchain services which help its customers to protect and monetise enterprises’ assets within their premises. In addition to that, the company is also involved in owning and operating crypto mining processors as well as data centers.
Industrial Nanotech Inc (OTCMKTS:INTK) – Although the Industrial Nanotech Inc stock was trading in a range yesterday, the company was in the news last week on June 29 after it made a major announcement.
The company announced the supply chain problems that had hampered the production of one of its highest-selling products had been resolved. It was a major announcement and one that could bring the stock into focus once again.
