Every day hundreds of thousands of investors flocks to the markets to look for penny stocks that they could invest in and more often than not they manage to discover the relevant stocks. The popularity of penny stocks is quite understandable considering the fact that these stocks are available for prices less than $5 a share and if they move then it is possible for investors to record considerable gains. At this point of time, it may be a good idea for investors to take a look at some of the penny stocks that may pop this morning as the trading week comes to a closer.
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.
Hiru Corporation (OTCMKTS:HIRU) – The first one that investors could consider tracking this morning is the Hiru Corporation stock, which was actually one of the laggards yesterday and ended up with a decline of as much as 6%.
There has been no news at all about the company for quite a while and the last time that the company had come into the news was back on May 18, 2022. At the time the company had announced that it had gone into a co-packing agreement with the Scottsdale, Arizona based firm American Eagle Beverage.
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 Thursday, 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.
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 Thursday 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.
GBT Technologies Inc (OTCMKTS:GTCH) –The company announced last week that it had been awarded a notice of allowance in relation to its 3D multiplanar continuation panel application product.
The receipt of the notice of allowance is an important development since it is going to help the company in protecting its manufacturing concepts and integrated circuits design. It should be noted that the patent for the application had been filed back on March 5, 2019 and it had been granted by the United States Patent and Trademark Officer on December 1, 2020. In light of the latest development, it would be interesting to see if the GBT stock makes a move or not in the coming days.
Seven Arts Entertainment Inc (OTCMKTS:SAPX) – The next penny stock that may be on the verge of experiencing a pop is the Seven Arts Entertainment Inc stock. The company had been in the news earlier on in the week on July 13, 2022 after it provided an update in relation to its projections for the year end as well as the coming year.
The company made it to the OTC after having been dormant for 6 years and also manage to settle accrued debts with its transfer agent. In the next fiscal year, the company would be looking into making acquisitions.
