OTC Momentum Watchlist: SRCO, IJJP, MCOA, BONZ, LQMT, TXTM

As another trading week begins, it is necessary for investors to be armed with the latest research into companies that are likely going to be in focus today. It is almost always a good idea to be well prepared before the markets actually open and this morning there are going to be hundreds of stocks that are going to be in focus. However, it is not possible for investors to track all the stocks at any given time and one has to be selective. This article gives you a lowdown on 5 stocks that you could consider keeping on your watch lists this morning.

Sparta Commercial Services Inc (OTCMKTS:SRCO) – The first one that you could look into this morning is that of Sparta Commercial Services Inc. It is a diversified company that has interests in a range of businesses. Some of those businesses include e-commerce, website development, mobile app development, crypto, and CBD.

The reasons why this company may deserve the attention of investors is well worth looking into. One of the most important things to keep in mind is the fact that revenues are now rising at a continuous pace but at the same time, the margins are improving as well. After all, there is not much joy in growing revenues if the costs of generating those revenues continue to rise.

In the case of Sparta Commercial Services, the company’s cost of revenue has actually gone down and in the first 9 months of the 2022 fiscal year, it has gone down by as much as approximately 40%. It simply implies that Sparta Commercial Services has managed to bring in more cash without actually raising its spending and such a state of affairs, can often prove pivotal for further growth. Sparta Commercial Services has decided to take a tried and tested route to success. It has decided to get into a diverse range of businesses, which offer considerable scope for growth. Those are high-reward bets and if they work out then the future could well prove to be bright. It may be a good move to add it to your watch lists at this point.

IJJ Corporation (OTCMKTS:IJJP) stock continues to trend higher in the previous session and closed higher by 17%. The stock has soared over 40% in the past week.

Last month, the company came up with updates with regards to its WebApp projects, filing requirements, and NFT Application. It was noted that the first NFT collection from Angel Anya had been announced by Montech Studio.

The collection had been launched last week on May 16 and has been made available to both the music industry as well as to her fans. The company provided a series of crucial updates with regards to its business and most of those updates were an indication regarding the fact that things were progressing at a decent clip.

Marijuana Company of America Inc (OTCMKTS:MCOA) – Marijuana Company of America Inc was in significant focus among investors last Friday and ended up with gains of as much as 13% as a consequence. The company was actually in the news last week on July 6 when it made an announcement about its distribution system named cDistro.

It was announced that cDistro had been successful in signing a Master Agreement with CBD of Denver Inc subsidiary unit Mellow. Mellow is a multi-brand cannabis marketing and e-commerce firm. It will be interesting to see if the stock can hold on to its momentum this week or not.

Bonanza Goldfields Inc (OTCMKTS:BONZ) – Although the Bonanza Goldfields Inc was trading in a range last Friday, it should be noted that the company was in the news back on July 7 and it may be a good idea to take a look into it. The announcement was a positive one and was related to Mavrion. The company announced that Mavrion managed to bring in revenues of as much as $1.2 million from the initial launch of movie remake licenses. It proved to be another major milestone for the year.

Liquidmetal Technologies Inc (OTCMKTS:LQMT) – There was no use for Liquidmetal Technologies Inc back on Friday but the company’s stock managed to move upward nonetheless and ended up with gains of as much as 7%.

The company is involved in the materials technology space and is involved in the development, designing, and sales of products that are derived from bulk amorphous allies. In addition to that, it ought to be noted that Liquidmetal Technologies is also known for offering prototype and tooling parts. It may be a good idea to keep an eye on the Liquidmetal Technologies stock this morning.

Protext Mobility, Inc (OTCMKTS:TXTM) – The Republic of South Africa Medical Marijuana Dispensaries Acquisitions LLC stock suffered over the course of the last week and tanked by as much as 39% as a consequence. There was no news about the company but it should be noted that back in June when the chairman of the company Dr. Ahmed Jamaloodeen had been made the National Commodity Board Chairman of Cannabis and All Indigenous Flora.