The trick to finding sustained success in the stock market is to get into stocks before there is a deluge of new investors. Such an approach allows investors to buy low and sell high under most circumstances and helps it the creation of long term wealth. However, if one is to find such stocks then he has to put in the effort towards research as well and this article is going to give you a glimpse into some OTC Markets listed stocks which may be read to roll. Here is a quick look at four such stocks.
Bemax Inc (OTCMKTS:BMXC) – The first stock that makes it to the list of stocks that may be tracked this morning is the Bemax Inc stock. It is a company that is involved in the distribution and export of a range of private label household products in emerging markets across the world.
There has not been any news about the company this week but back on July 7, Bemax had come into focus after it made an announcement with regards to its revenues projections for the 2022 fiscal year. It was also announced by the company that it was looking to expand its core business through innovation and market diversification in a big way this year.
Bemax announced that it expected its revenues were going to rise by as much as 50% year to the year 2022. If that comes to pass then it would reflect a significant year-on-year jump and could unlock considerable value for the shareholders.
The company announced that it expected its revenues for the 2022 fiscal year to be between the range of $1.6 million and $2.5 million. On the other hand, the company also noted that it believed that its net profit margin for the period was going to be in the range between $480,000 and $1 million. It now remains to be seen if the stock can manage to make a strong move in the coming days or not.
Good Hemp Inc (OTCMKTS:GHMP) – The first OTC Markets stock to look into at this point may well be that of Good Hemp Inc, which came into considerable focus on Wednesday and ended the day with gains of as much as 19%. While it is true that there was no news about the company on Wednesday, it should be noted that the rally may not have been completely random either. As it happens, Good Hemp had actually been in the news back on July 7 when it announced that it had been successful in completing the acquisition of Petro X Solutions Inc. Petro X Solutions is an interesting acquisition by the company considering the fact the company manufactured hydrocarbons and cleaner, degreaser products.
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.
Hemp Inc (OTCMKTS:HEMP) – There has been no news about Hemp Inc in recent days but that did not stop the company’s stock from going into a downward spiral and ended the day with a decline of as much as 6%. In this situation, it may be a good idea for investors to perhaps figure out if the stock could stage a recovery and claw back its gains.
The last time the company was in the news was back on July, 2022, when its Chief Executive Officer Bruce Perlowin went to The Stock Day Podcast and had a chat with the host Sever Copley. Perlowin spoke about his own role at the company and also the vision he had for Hemp Inc. It could well be a good move from investors to consider keeping an eye on the Hemp Inc stock at this point in time and watch for further movements in the stock.
RemSleep Holdings Inc (OTCMKTS:RMSL) – One of the stocks to have emerged as a notable gainer on Wednesday was that of RemSleep Holdings Inc, which ended the day with gains of as much as 8% and it may be a good time to take a closer look at it.
Earlier on in the week on Tuesday, the company had come into the news cycle after it announced that it had been given official approval for uplisting its stock to the OTCQB. At the time it was announced that the status was going to go live at some point within 24 to 48 hours.
Dr. Food Inc (OTCMKTS:DRFS) – One of the penny stocks that may well be on many investors’ radars this morning is the Dr. Foods Inc stock. The stock did not have a great time on Wednesaday as it suffered from a strong selloff and ended the day with a decline of as much as 7%.
As the name suggests, the company is involved in the development and manufacturing of a range of food products. However, that is not all, Dr. Foods is also involved in the import and reselling of food products. It is a fairly new company and had been established last year. It is based out of Tokyo, Japan. It will be interesting to see if it can add to its gains today.
Allstar Health Brands Inc (OTCMKTS:ALST) Last but not least, it is the Allstar Health Brands Inc stock, which emerged as one of the stocks to have gained momentum from among OTC Markets stocks on Wednesday.
However, there was no news at all about the company which may have led to the momentum. It should be noted that Allstar Health is regarded as a specialty healthcare products firm and is involved in improving the quality of life.
