Penny Stocks Watchlist: OREAF, MAPT, HIRU, RSHN

Investors need to be fairly methodical when they are looking to make long-term profits in the stock market. To that end, creating a watch list of stocks is an important aspect of the whole thing. This article is going to provide you with a list of four penny stocks that could be worth adding to your watch list.

Orea Mining Corp (OTC:OREAF) – In light of the announcement made by the company last week, there was a degree of strong upward movement in the Orea Mining Corp stock last Friday. It ended up with gains of as much as 5%. The company announced on July 6 that on June 13 it cancelled the acquisition transaction of Nord Gold PLC’s 55.01% interest in the Montagne d’Or Gold project.

The companies had agreed mutually to retract the termination of the deal and had instead proposed amended terms for the objective of a share purchase agreement. As per the terms of the amended agreement, the C$100 million payment would only be made once the sanctions against Nord Gold and its shareholders are lifted in all the concerned jurisdictions. The concerned jurisdictions are France, the United States, Canada, the United Kingdom, and the European Union. The amended agreement explicitly states that the payment would not become payable or due if the sanctions are in place.

Maptelligent Inc (OTC: MAPT) – Another significant gainer from among penny stocks on Friday was Maptelligent Inc, which ended up with gains of as much as 50% amidst significant interest. On December 13 last year, it had emerged that Maptelligent would be provided by Axim Geospatial with the complete GIS services combined with indoor map applications. It would all be part of the building information solutions set.

As a company, Maptelligent is fully focused in providing its clients with the most advanced custom-configured and geo-enabled indoor applications. Joseph Cosio-Barron, the Chief Executive Officer of the company spoke about the development as well. He noted that the agreement would help the company in enhancing and advancing its GIS-powered digital twin solutions with information and critical data. It now remains to be seen if the Maptelligent stock can manage to hold on to its momentum and add to its gains this week.

Hiru Corporation (OTC: HIRU) – In the past week the company has been in prime focus among investors and its stock ended up with gains of as much as 28% during the period. The company was in focus on May 1, 2023, when it announced that it had gone into a co-packing agreement with BLK. BLK is the sole alkaline water which is infused with fulvic and humic acids but not coal.

That gives the product its darker colour and the acids help in removing the toxins from the body. It also contains antioxidants and electrolytes. BLK became the latest co-packing client for Hiru Corporation and would help the company further expand its core business and raise its top-line revenues on a quarterly basis.

RushNet Inc (OTC:RSHN) – Lastly it is RushNet Inc which may deserve a degree of attention at this point. On May 9 the company announced that it had gone into an agreement with Ehave Inc. As per the provisions of the agreement the two companies would be involved in lab testing for mental health and psychedelic sectors.

Ehave is a digital therapeutics provider and RushNet signed a memorandum of understanding with it. HeliosDX, a subsidiary of RushNet, already provides a Behavioral Toxicology Test which provides increased visibility to patients’ health, thereby helping with faster diagnosis and treatment.