The ultimate hope for those who are interested in penny stocks is eventually found a stock that can record enormous gains within a short period of time In addition to that, it is necessary to keep in mind that penny stocks are some of the cheapest stocks in the market and hence, it is possible for investors to create a large holding without a massive outlay. However, if those stocks explode then the returns could be enormous. Here is a look at four penny socks which may explode soon and hence, could be worth looking into.
Wearable Health Solutions Inc (OTCMKTS:WHSI) – The wearable medical devices industry has managed to grow at a remarkable rate over the course of the past years and one of the companies among the penny stocks categories that ought to be looked into is Wearable Health Solutions Inc.
Paul La Monica of CNN noted yesterday that the healthcare sector is one of the sectors that could remain robust despite there being an economic downturn and the same was noted by SolitaMarcelli of UBS in his report. In this context, it should be noted that although Wearable Health Solutions is a small company in its sector, it has been in business for a long time and already has products in the market. Hence, it could be said that it is also already operating at a level at which it is competing with some of the biggest companies in the world.
It is engaged in providing its dealers and distributors spread across the world with innovative wearable healthcare products. Not too long ago, Theodore O’Neill of Litchfield Hills Research published a note about Wearable Health Solutions and noted that the stock could hit as much as 20 cents a share.
At the time of the publication of the report, if the stock hit 20 cents a share then it would have represented a jump from 1000%. The company is also going to launch its iHelp Max 4G product soon and that is another potential positive trigger for the Wearable Health Solutions stock in the near future. It may be a good idea to add the stock to your watch lists and watch for further developments.
Xalles Holdings Inc (OTCMKTS:XALL) – The fintech holding company Xalles Holdings Inc is another one that could be tracked by investors who may be looking for penny stocks that could rally hard.
Yesterday, the stock fell by 10% despite there being no news about the company at all. The last time it was in the news was back on May 16 when Xalles Holdings announced that it had executed a licensing agreement with Xped Holdings Pty Ltd regarding the Shomei Payment Platform.
South Beach Spirits Inc (OTCMKTS:SBES) – Yesterday, the South Beach Spirits Inc stock fell by as much as 10% despite there being no news. However, investors could do well to take a look at the company’s business nonetheless and figure out if it could make a recovery.
As the name suggests, the company is involved in developing, marketing, and manufacturing alcoholic spirits. The company had been established back in 2012 and is based out of West Palm Beach in Florida.
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.
Healthier Choices Management Corp (OTCMKTS:HCMC) – Despite there being no news about Healthier Choices Management Corp on Tuesday, the company’s stock rallied strongly and ended up with gains of as much as 11%. However, in this context, it should be noted that last week on July 6 Healthier Choices Management Corp announced that it had launched a major campaign with one eye on bringing its health-based services to the local community in Boston.
Digital Locations Inc (OTCMKTS:DLOC) – Last but not least it is the Digital Locations Inc stock that investors could do well to add to their watch lists this morning. It may have fallen by 9.5% yesterday but if there is a recovery, it may help investors in making quick returns. The company is involved in the development, acquisition, and aggregation of small cell sites meant for 5G.
