There is a treasure trove of stocks in the OTC Markets which are just waiting to be discovered and it may be a good time for investors to scour that particular market for potentially winning stocks. Every day thousands of stocks are traded in the OTC Markets and from time to time certain stocks emerge which may be actually worth tracking by investors. This article is going to give you a fairly detailed glimpse into some of the stocks which have managed to make a strong run in the OTC Markets in recent times. Here is a look at six of those stocks.
Bemax Inc (OTCMKTS:BMXC) – One of the OTC Markets stocks which has been in considerable focus in recent times is Bemax Inc and it may be a good time to perhaps take a closer look into it. The company is involved in the export as well as distribution of private label household products to the worldwide emerging markets.
There has been no news about the company this week so far but last week on July 7 the company was actually in the news after it provided an update with regards to its business operations and also provided a projection of its revenues for the full year 2002. It announced that it had continued to expand its core business by way of product development, innovation, and market penetration. On the other hand, it announced that it expected to boost its revenues by as much as 50% year on year for the full year of 2022.
The company projected revenues in the range between $1.6 million and $2.5 million for the full fiscal year of 2022. In addition to that, Bemax projected that the net profit margin for the full year was going to be in the range between $480,000 and $1 million.
The company, which is heavily involved in the global diapers industry also noted that the industry is going to hit a valuation of $68.3 billion in 2027. In the years between 2021 and 2027, the rate of growth is expected to be a CAGR of 5%.
MineralRite Corporation (OTCMKTS:RITE) – Although there has been no news at all about MineralRite Corporation in recent days, the company saw its stock make a big move on Monday as it ended the day with gains of as much as 40%. In such a situation, it is perhaps a better idea for investors to take a look at the nature of the company and its business a bit more closely.
The company is involved in the development, acquisition, and exploration of mining opportunities in the state of Utah in the United State. The company also has a subsidiary unit named Goldfield International Inc through which it makes and sells diamond, alluvial gold and other equipment meant for gem stone recovery.
In the past, the company had been known as Royal Quantum Group Inc but back in October 2012 it changed its name to MineralRite Corporation. The company is based out of Lindon in Utah.
Borneo Resource Investments Ltd (OTCMKTS:BRNE) – Another OTC Market stock that has seen movement on Monday was that of Borneo Resource Investments Ltd but its movement was negative. The stock went into a major downward spiral yesterday and ended the day with a decline of as much as 26%. Yet there was no news about the company yesterday and the reason behind the selloff remains a mystery.
The company is mainly involved in mineral exploration activities in Indonesia and is mainly involved in the development of gold mines in the region. It may now be a good idea to keep an eye on the Borneo Resource Investments and see if it can actually make any kind of recovery today.
Marijuana Strategic Ventures Inc (OTCMKTS:MSVI) – If you are looking for a stock that has clocked major gains in the past week in the OTC Markets then it is hard to miss the Marijuana Strategic Ventures Inc stock.
During the course of the past week, the stock has clocked gains of as much as 233% and it is fairly likely that it is going to be on the radars of investors this week. Last week on July 5, the company announced that it had changed its name to Mushroom Inc and on top of that, it had also appointed Kimberly Carlson as the Chief Executive Officer.
Bowmo Inc (OTCMKTS:CZNI) – Although there was no news at all about Bowmo Inc on Monday, the company saw its stock make a big move and end the day with gains of as much as 80%.
The company is mainly known for providing intelligent software solutions that are particularly applicable to the staffing and recruiting industries. It is also well-known for providing a platform known as the V-RPO platform.
Ocean Thermal Energy Corporation (OTCMKTS:CPWR) – Last but certainly not least, it is the Ocean Thermal Energy Corporation stock that may go into the watch lists this morning. The stock fell by as much as 11% yesterday despite there being no news about the company. The company works through a range of subsidiaries and is mainly involved in renewable energy generation.
