The clamor for penny stocks remains intact as ever even though the stock market may be largely volatile. It is easy to see why. These are stocks that generally trade below $5 a share and hence, it is possible for investors to pick up a large number of shares.
When these stocks move in the right direction then it is possible to make significant gains. This article is going to give you a lowdown on the penny stocks which have managed to move in recent days and hence could well be part of your watch lists.
Rogue One Inc (OTCMKTS:ROAG) – If you are interested in alcohol stocks then it could be the right time to consider taking a look at the Rogue One Inc stock. The company is a distiller which is involved in tequila manufacturing and that is a market that is expected to grow at a decent clip in the coming years.
In order to get an idea about Rogue One’s position as a company, it may be a good idea to take a look at some of the highlights of its financial results from the fiscal quarter that ended on March 31, 2022. It should also be noted that the numbers also include finances of its fully owned subsidiary unit Human Brands International, which is a spirit and hospitality entity fully focused on tequila.
The company managed to bring in revenues of as much as $520761 for the period and it was a significant development considering the fact that prior to making the key acquisition, the company had not generated any revenues.
Due to the acquisition of Human Brands, the company also gained control of a number of supply contracts which range from the order of 5000 liters to 200000 liters on a monthly basis. The company currently has assets worth $18 million.
Code Green Apparel Corp (OTCMKTS:CGAC) – Although there was no news at all about Code Green Apparel Corp on Tuesday, the company’s stock moved strongly nonetheless and ended up with gains of as much as 10% amidst heavy interest.
The company is involved in the designing, manufacturing, and distribution of apparel that are manufactured from eco-friendly sustainable recycled textiles. The products in question are distributed all over the world. In light of the latest rally in the stock, it may be a good idea for investors to keep an eye on the Code Green Apparel Corp stock today.
Brazil Minerals, Inc. (OTCMKTS:BMIX) stock continued to trend higher on Tuesday and soared another 21%. The stock has gained almost 70% in the past week.
Earlier this week, the company made an announcement about signing a contract that has an exclusive option to acquire a large high-potential lithium mineral concession from local owners, which spans 389 hectares, and 961 acres.
The area is located in the Bananal Valley in the municipality of Salinas and within the Araçuaí Hard Rock Lithium District in northeastern Minas Gerais, Brazil. This mineral right includes a huge pegmatitic outcrop measuring approximately 30 meters (98 feet) in diameter and 8 meters (26 feet) in height, which is several times larger than the average size of regular outcropping pegmatites.
Marijuana Company of America (OTCMKTS:MCOA) – Things were however quite harrowing for investors in Marijuana Company of America as the stock went through a steep selloff and ended the day with a decline of as much as 40%.
The hemp and cannabis company was actually the news yesterday after it announced that it had appointed Marco Guerrero, a former director as a special advisor for the South American division of the company named hempSMART. It is going to be interesting to see if the stock can actually make a comeback any time soon.
KYN Capital Group (OTCMKTS:KYNC) – Yesterday, there was no news with regards to KYN Capital Group but the stock went through a slump nonetheless and clocked losses to the tune of as much as 29% for the day. However, the company did make a major announcement with regards to its Koinfold Pay 2.0 app back on June 30.
At the time, the company had announced that the app had been delivered to the third party security and quality control testing group. Once the review by the group is completed and all the changes have been implemented, the app would be released. The day the app is released, the KYN Capital Group stock could come into focus.
CarbonMeta Technologies (OTCMKTS:COWI): Although CarbonMeta Technologies was trading within a range yesterday, it is a penny stock that may be worth tracking nonetheless. Back on June 30, 2022, the company announced that its fully owned subsidiary unit CarbonMeta Research Ltd was working with Cardiff and Oxford Universities in a project that seeks to turn plastic waste into hydrogen fuel and carbon nanomaterials of high value.
