There are certain sections of the stock market that may be worth looking into when one is looking to unearth hidden gems. Looking into the entire market may often be confusing and overwhelming for investors. One of the segments which could be worth watching at this point in time is the category of stocks that are trading under 10 cents. The article is going to provide you with a closer look into some of the recent developments with those companies which could eventually have an effect on the price action of those stocks.
Halberd Corporation (OTCMKTS:HALB) – Over the course of the past year Halberd Corporation has made significant strides in its research and development work. Earlier on in the week on Tuesday, the company announced that its technologies had been able to eradicate a number of strains of E. Coli in less than 10 minutes.
The company’s patented extracorporeal process and its laser eradication method, for which a patent is still pending, were deployed for eradicating the antibiotic-resistant antigen. It should be noted that the antigens had been provided to the company by the CDC. Halberd had deployed its technologies in combination with metallic nanoparticles. The procedure had helped in the elimination of 99.5% of the bacteria from the sample.
Houston Natural Resources Corp (OTCMKTS:HNRC) – Earlier on in the year Houston Natural Resources Corp was in focus after there was an announcement with regards to an acquisition by its SPAC entity HNR Acquisition Corp. On January 5 it was announced that HNR Acquisition Corp had gone into an agreement to complete the acquisition of oil and gas firm Pogo Resources and its two affiliates in a deal worth $120 million.
It was noted that the deal was going to produce cash proceeds to the tune of as much as $100 million and that would include a promissory note valued at $15 million. The SPAC is sponsored by Houston Natural Resources Corp.
Pennexx Foods Inc (OTCMKTS:PNNX) – Digital marketing firm Pennexx Foods Inc announced earlier this month on February 15 that it had launched a marketing site meant for advertising the merchant dashboard at yourgrowthdashboard.com.
It is a resource that would help merchants in getting a better idea about how the Your Social Offers platform was helping their business. It is a product that could prove to be a strong addition to the sort of products that are offered by the company.
Gaensel Energy Group Inc (OTCMKTS:GEGR) – Last year on November 30, the company had been in the news cycle after it announced that it had managed to pick up a 40% stake in the innovative industrial company name TEC AL CO based out of Italy. The company has been working on acquisitions for the past couple of years to grow its business.