4 Popular OTC Penny Stocks To Watch Right Now
When it comes to penny stocks, most people are familiar with the Over The Counter Exchange or “OTC” Exchange. It’s this exchange where some of the most active trading in stocks under $5 happens. If you look at some of the figures from the last few months, you’ll see what I mean.
OTC Trading Volumes Are Surging
Billions of dollars in the volume are traded daily in OTC stocks. Not all OTC’s fall under the definition of penny stocks either. Needless to say, when it comes to cheap stocks, this exchange is where you’ll find a vast majority. The earliest of early-stage or emerging growth companies list on this exchange to gain access to public markets.
Some are creating a brand new idea while others are gaining exposure to foreign markets. With the latter, this is where you’ll see symbols with an F or a Y at the end to show this type of designation. Though there’ plenty of risks involved, the rewards can be just as remarkable.
Take, for instance, companies like Paltalk (NASDAQ:PALT). Earlier this year, it was trading on the OTC Exchange below $2. Fast-forward a few months, Paltalk announces its plan to uplist, and now it has become one of the more active penny stocks (now former) to watch. In this article, we’ll look at 4 OTC penny stocks with recent updates and market activity. Each is involved in at least one of the trending sectors in the stock market today and could be ones to watch for October. As an aside, if you’re also looking for penny stocks under $1, at least three names meet that criteria right now.
Penny Stocks To Watch
- Alpha Esports Tech (OTC:APETF) (CSE:ALPA)
- Solar Integrated Roofing (OTC:SIRC)
- American Battery Metals Corp. (OTC: ABML)
- High Wire Networks (OTC:SGSI)
1. Alpha Esports Tech (OTC:APETF) (CSE:ALPA)
One of the industries that’ve begun gaining attention is esports and entertainment. Other than the apparent interest in professional video gaming, there are plenty of different facets attracting attention. They include the use of cryptocurrency, the opportunities for gambling, and myriad monetization potential via marketing and in-game advertising, among other things.
Alpha Esports is a newer entrant into the esports arena (no pun intended). Instead of solely focusing on setting up competitions, it has taken a much broader approach and has attracted attention from some big names.
At its core, the company is focused on data capture through building its userbase. Centered around its GamerzArena platform, Alpha has previously said that it has over 100,000 active users in a rapidly growing ecosystem. The company has also reported working with names in sports, entertainment, and education, including The New Jersey Devils, The Vancouver Whitecaps, Barstool Sports, ESPN Radio, and recently became the Official Online Gaming Portal of Nets Gaming Crew, the NBA 2K League affiliate of the Brooklyn Nets providing Alpha the opportunity to directly connect with NetsGC’s network of fans and the NBA 2K League community.
Notable Updates From Alpha Esports
The last few weeks have been very active for the company. It signed a definitive agreement to acquire Heavy Chips Casino and Sports Betting from Gamesoft Ltd. The C$300,000 deal allows Alpha to access Heavy Chips’ 240,000+ registered players, 800+ casino games, and more than 5,000 sports betting opportunities daily. The company also inked a deal with a subsidiary of Nasdaq-listed Entertainment Group (NASDAQ:GMBL), EEG Labs.
Adding to this flow of milestones, Alpha announced an exclusive partnership with The Recreation and Park Commission for the Parish of East Baton Rouge. This deal sees Alpha and BREC add another gaming and promotion arrangement to add to Alpha’s existing roster of previous deals. The companies will also carry out a revenue split for sponsorships and referral payouts for new GamerzArena+ subscribers. Thanks to these recent updates, Alpha could be one of the names to know heading into the second half of October.
2. Solar Integrated Roofing (OTC:SIRC)
One of the penny stocks we’ve discussed throughout the year is Solar Integrated Roofing. The company provides solar-related and green energy-related solutions. These include everything from solar power roofing systems to electric vehicle charging stations. Similar to Alpha, Solar Integrated has also focused on expanding its footprint and growing via new relationships. Earlier this month, the company signed a partnership deal with Healixa.
The two now have a letter of intent where Solar Integrated will supply solar panels for Healixa’s Global Aquaduct clean water technology device. What you need to know is that according to Solar Integrated, the deal has an expected near-term potential addressable opportunity of $90 million.
Notable Updates From Solar Integrated
While new deals are great for emerging companies, so too is progress in the stock market, and here’s what I mean. As October began, Solar Integrated dropped a headline that hinted at one of the exciting parts of watching OTC penny stocks. The company announced the engagement of a strategic advisory firm. One of the purposes for this engagement was specifically for uplisting plans.
“Given the Company’s significant developments over the past year, we are at an exciting inflection point and felt the need to retain an established and well respected corporate advisory firm with a veteran presence, to assist the company with this next phase of its evolution,” explained CEO David Massey. With that, SIRC stock has become one of the names to know as the market awaits further updates on this proposed uplisting effort.
3. American Battery Metals Corp. (OTC: ABML)
Green energy is a trend to keep track of. Thanks to global initiatives to curb greenhouse gasses and fight climate change, low and no-carbon emissions are a clear goal of many companies. American Battery Metals Corp. is part of the electric vehicle ecosystem, among other supply chains. The company is building a platform to supply lower-cost battery metals that have a lower impact on the environment. Its divisions include lithium-ion battery recycling, battery metal extraction, and primary resources development.
The US infrastructure bill could play a supporting role in American Battery’s growth outlook. Furthermore, the company has also made strides to expand its presence in Nevada. It recently secured over 6,000 acres for its lithium resource claims in the state. This included 305 unpatented lode mining claims. The company also reported a financing round for over $39 million at $1.54 per share. The significance of this financing beyond the price per share is that according to CEO Ryan Melsert, it “more than fully finances the construction and commissioning of” the commercial demonstration plant.
Recent Updates From American Battery Metals
Earlier this year, American Battery Metals applied to list on the Nasdaq exchange. While the market awaits more details on its progress, that same update related to the financing has also shed a bit more light on things, in my opinion. The company explained that the capital “comes from a great partner at a pricing structure expected of a company with plans to be a Nasdaq listed security” and that “this financing will further strengthen its position.”
4. High Wire Networks (OTC:SGSI)
Another one of the OTC penny stocks we’ve discussed frequently is High Wire Networks. Earlier this year, the company went public through a merger with Spectrum Global Solutions (another communications network provider). It develops communications networks, including wireless, cabling, infrastructure, and electrical systems. They also provide security services aimed at address today’s growing need for new cybersecurity offerings.
The company’s recently launched Overwatch Ransomware Kill Switch product has brought some attention to SGSI stock. This is the company’s solution for business-grade protection from ransomware attacks. High Wire also reported a multi-million dollar technology solutions contract win from a tier 1 network services provider this week. According to the company, the value of the contract is estimated to be $4.8 million to 7 million for the first year.
Recent Updates From High Wire
This is yet another one of the OTC penny stocks talking about uplisting to a major exchange. Late last month, High Wire announced that it is bringing on a new Executive VP of Finance. The reason for this, according to the company, is to accelerate its uplist to the NASDAQ. In another instance of a proposed OTC-to-Nasdaq uplisting, excitement tends to build. SGSI stock has become one of the latest on the growing list of penny stocks on the OTC to watch right now.
Are Penny Stocks Worth It?
Whether you’re looking for OTC penny stocks to buy or just a few stocks under $5 to watch, don’t forget the basics. First, yes, there’s risk involved with any investment, which can be heightened when it comes to cheap stocks. Second, make sure you understand how to trade. Jumping in head-first isn’t a strategy. There are ways to successfully and consistently trade lower-priced stocks for profit. In the end, the goal is the same: make money and repeat the process. Determining whether penny stocks are worth it or not has a lot to do with the ability to find opportunities, research companies, and understand how to use that information to profit.
Pursuant to an agreement between Midam Ventures LLC and Alpha Tech INC Midam has been paid $300,000 for a period from February 12, 2021, to April 2, 2021. We may buy or sell additional shares of Alpha Tech INC in the open market at any time, including before, during, or after the Website and Information, to provide public dissemination of favorable Information about Alpha Tech INC. Now extended from 6/30/2021 to October 29, 2021 & no additional compensation of any kind has been received by MIDAM. Click Here For Full Disclaimer.
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Monsters of Rock: Good news continues to flow if you’re in lithium
The news continues to get brighter for lithium producers and up and comers trying to ride the same wave. Benchmark … Read More
The post Monsters of Rock:…
The news continues to get brighter for lithium producers and up and comers trying to ride the same wave.
Benchmark Mineral Intelligence data from November shows spodumene prices continued to climb, rising 17.3% month on month in November to an average of US$1525/t FOB Australia.
That’s 301.3% up in just 12 months and more than 290% higher year on year.
Prices are so far beyond levels of just a year ago (in around the US$400/t mark) that US$1250/t is now the low point of recorded sales, which ranged as high as US$1800/t.
Starving battery manufacturers are paying as much as US$32,000/t to get their hands on uncontracted lithium hydroxide chemicals, with prices up 5.4% MoM and 92.1% YoY to US$19,500/t FOB North America and prices in China averaging $30,300/t, up 2.1%.
The inflection on these index charts is so hectic it looks like a goddamn cobra about to strike.
On a weighted average basis hydroxide prices were up 6.2% to US$25,894/t, while carbonate prices are up 2.8% to US$23,798/t.
BMI analyst George Miller said the supply-demand situation left producers very much in control during contracting season.
“Activity in the domestic Chinese lithium chemical market picked back up in the latter half of November, as buyers looked to restock inventories ahead of the Spring Festival. The increased demand drove upward price pressure as trading gained pace following a quiet period at the end of October and during early November,” he said.
“Outside of China, prices also continued to rise during the ongoing contracting season, as buyers became increasingly willing to accept higher prices to secure any available lithium supply towards the end of 2021 and into 2022.
“Furthermore, producers sought to introduce more regular pricing breaks in contract structures given the potential upside on the back of supply deficit expectations, lifting the bottom end of prices as contracts begun to be revised higher amidst ongoing negotiations.
“The upper end of the range of recorded prices also ticked upwards, with lower volume spot transactions shifting towards Chinese domestic prices in response to very limited availability.
“As such, the Benchmark Lithium Price Index rose by 4.4% m-o-m in November, which alongside rising demand, was driven by expectations of a widening supply deficit into the New Year and continued international demand growth in Q4 2021. High prices and robust demand gave way to a stream of investments into the lithium value chain in November, in particular, Chinese incumbents striking deals with western companies in pursuit of supply expansions.”
China, which is increasing its production of lithium-iron-phosphate battery chemistries, has imported almost 70,000t of lithium carbonate this year, 80.8% up on the same period in 2020, while European demand for EVs remains high.
Sales were up 91.1% year on year to 180,000 units.
Lithium mid-tiers rule the roost
With that in mind it was lithium project developers that dominated the gains in the materials sector today.
AVZ Minerals (ASX:AVZ), owner of the giant Manono project in the DRC was up 14.16% after a big feature Q & A in Stockhead’s morning newsletter, while Vulcan Energy (ASX:VUL) rose 6.23% and Ioneer (ASX:INR) climbed 7.83%.
Among the large caps oil and gas stocks Woodside and Santos were up after Oil Search shareholders approved their mega merger with the latter to create a $23 billion energy major.
Lithium stocks share price today:
The post Monsters of Rock: Good news continues to flow if you’re in lithium appeared first on Stockhead.asx lithium iron
Resources Top 5: Hopeful uranium stocks, an important graphite deal, and lots of imminent news flow
Aspiring graphite miner Black Rock invited to finalise agreement with Tanzanian government Cauldron Energy dusts off Yanrey uranium project, despite ……
- Aspiring graphite miner Black Rock invited to finalise agreement with Tanzanian government
- Cauldron Energy dusts off Yanrey uranium project, despite government opposition
- Redstone (copper, cobalt), Latrobe (magnesium) and Empire (gold, copper, nickel, PGEs) up on no news
Here are the biggest small cap resources winners in early trade, Tuesday December 7.
(Up on no news)
When the WA state government implemented a ban on most new uranium mines in 2017, CXU stopped work at its flagship ‘Yanrey’ uranium project and began searching for other dirt to play with.
It now has a historic gold project called ‘Blackwood’ in Victoria and a silica sands play called ‘Ashburton’ in WA. It is also poking around Yanrey again, which is a lot more interesting now that uranium prices are on the move.
While government support (or lack thereof) for new mines has not changed, a recent survey uncovered a bunch of “highly prospective targets for follow-up drilling” at Yanrey.
“Our ultimate objective is to explore for uranium mineralisation amenable to extraction by ISR,” CXU exec chairman Simon Youds says.
“Economic deposits of sandstone-hosted, palaeochannel-style uranium can be mined using ISR in the lowest cost quartile of uranium mined globally.”
“This characteristic makes these deposits extremely attractive for mining at any uranium price and necessarily must form the basis of any uranium resource portfolio.”
Yanrey exists within a larger uranium province that is slowly being uncovered, Youds says.
“There is potential here for a scale comparable to the best uranium-endowed province globally and that, with astute leadership, Western Australia is at the threshold of a new energy resources boom.”
At Blackwood, CXU has stumbled upon visible gold in an underground area historically excavated for access purposes only:
“The visible gold observed, coupled with the beautiful sandstone-shale contact and structurally complex geology, provides an exciting new target for drill testing,” Youds said in November.
“The observation of visible gold further increases our confidence in the remaining mineral potential of these historical mines.”
The $11.5m market cap stock is down 6% over the past month, and 30% year-to-date. It had $1.5m in the bank at the end of September.
(Up on no news)
The nanocap, which has partially bounced back from recent losses in early trade Tuesday, is drilling to grow the 38,000t copper, 535t cobalt ‘Tollu Copper Vein’ deposit, part of the ‘West Musgrave’ project in WA.
Tollu hosts “a giant swarm of hydrothermal copper rich veins” in a mineralised system covering a +5sqkm area, ~40km from OZ Minerals’ (ASX:OZL) world-class Nebo-Babel nickel-copper deposit.
A conceptual (theoretical, not real yet) exploration target suggests up to 627,000t of copper may be present, the company says.
Recent portable XRF analysis of new drilling returned hits like 16m at 2.62% copper from a 74m downhole, including 6m at 6% copper from 76m.
These will be confirmed by traditional assay, the company says. Labs are backed up to the hilt, so who knows when that will be.
RDS say exploration will continue “at the earliest opportunity” in 2022 with a deeper RC drilling program at priority targets.
The $12m market cap stock is up 30% over the past month. It had $2.6m in the bank at the end of the September quarter.
It’s been a good news week for aspiring graphite miner BKT.
Today it announced it had been invited by the Mining Commission to attend a ceremony in Dar es Salaam, Tanzania on Monday 13 December “to finalise an agreement with the Government of Tanzania”.
Black Rock managing director John de Vries is currently in country and is expected to attend, BKT says.
The company has also just completed a massive 500t pilot plant run – the largest ever, it says — to send off for qualification (testing) to potential customers in North America, Asia and Europe.
This will ultimately support project financing, BKT says.
The company now needs to finalise off-take terms with cornerstone investor POSCO, and secure finance to underpin a $US116m Phase 1 development capex program.
The $183m market cap stock is down 10% over the past month, and up 115% year-to-date. It had $9.3m in the bank at the end of September.
(Up on no news)
Early works – like fixing fences, site clean-up, contracting — are happening apace at LMG’s magnesium project in Victoria’s Latrobe Valley, with construction on an initial 1,000 tonne per annum magnesium plant due to kick off in Q1 2022.
Production starts up to 12 months later in Q4 2022.
The plant will be expanded to 10,000 tonnes per annum magnesium shortly thereafter, with further plant capacity expansion to be considered once it is operating successfully.
Magnesium has the best strength-to-weight ratio of all common structural metals and is increasingly used in the manufacture of car parts, laptop computers, mobile phones, and power tools.
In November, LMG said current magnesium price was US$6,150 per metric tonne and expected to hold.
“LMG’s revenue estimates are based upon US$3,250 per tonne which was the magnesium price in June 2021, before the China supply shortage commenced in September 2021,” it says.
“If the current price of US$6,150 per metric tonne held long term, it would increase LMG’s estimate of EBITDA for its 10,000tpa plant by some $56m.”
In 2020, world magnesium production was ~1 million tonnes, of which China supplied ~85%. China has begun a 13-year plan to increase Mg in cars from 8.6kg to 45kg by 2030, requiring an additional 1 million tonnes of new Mg production per annum.
$131m market cap LMG is down 21% over the past month, and up 335% year-to-date. It has raised $11.5m via placement to help fund the initial $39m 1,000tpa plant.
(Up on no news)
This busy polymetallic explorer has already drilled 13,000m so far in 2021 at the ‘Penny’s and Yuinmery’ projects in WA, with diamond drilling of some juicy gold, copper, and nickel-copper-PGE targets at Yuinmery due to kick off sometime this month.
ERL would’ve drilled even more if not for issues getting hold of a rig, something the company intends to fix in 2022.
“Our exploration plans for 2022 include the lock-in of a core drilling rig and driller for exclusive use by Empire,” chairman Michael Ruane says.
“This should assist in accelerating at least the drilling component of our exploration programs for the forthcoming period. The rig will be particularly useful for the deep drilling required for the promising Yuinmery targets (eg Smiths Well/YT01).”
The rig should be ready for commissioning this month, he says.
The $14.85m market cap stock is up 30% over the past month. It had about $3.5m in the bank at the end of November.
The post Resources Top 5: Hopeful uranium stocks, an important graphite deal, and lots of imminent news flow appeared first on Stockhead.asx gold cobalt uranium nickel copper diamond
Met testwork proves Sovereign’s Kasiya will deliver a premium natural rutile product
Special Report: Metallurgical testwork has confirmed Sovereign Metals’ Kasiya project in Malawi will deliver a premium natural rutile product, setting…
Metallurgical testwork has confirmed Sovereign Metals’ Kasiya project in Malawi will deliver a premium natural rutile product, setting the stage for the company’s landmark scoping study.
Testwork continues to demonstrate the world class nature of Sovereign’s (ASX:SVM) Kasiya deposit, with simple and conventional processing delivering levels of 95% to 97.2% TiO2 with low impurities at stand-out metallurgical recoveries ranging from 94% to 100%.
That makes Kasiya competitive on TiO2 grades with some of the world’s largest natural rutile operations like Iluka’s Sierra Rutile and Rio Tinto’s Richards Bay Minerals.
It opens the door for discussions with tier-1 offtakers in the markets for TiO2 pigment, titanium metal and welding, where customers are facing widening supply deficits in a strengthening market.
Additionally, testwork has shown conventional flotation methods can be used to produce a coarse flake graphite by-product from rutile gravity tails with 60% at a coarseness of +150µm, suggesting it will have a high basket value when sold to market.
A program at SGS Lakefield in Canada confirmed simple processing methods delivered a very coarse-flake graphite concentrate at 96.3% TGC.
“Consistently achieving premium rutile specifications with stand-out recoveries via conventional “off the shelf” processing methods reinforces the robustness of metallurgical and processing performance of the Kasiya rutile mineralisation ahead of the upcoming Scoping Study,” Sovereign managing director Dr Julian Stephens said.
“These continued very high-quality product specifications should generate further interest from end-users across the titanium sector as the global structural deficit in natural rutile supply continues to widen.”
Kasiya scoping study round the corner
With the results in today’s announcement, Sovereign has now demonstrated the impressive metallurgical qualities of the Kasiya resource in two separate rounds of met testwork.
The testwork also confirms Kasiya will deliver strong recoveries and product specifications based on conventional off-the-shelf processing technology, which bodes well for its future development.
Proving the original results were certainly no fluke and opening the door to interest from Tier-1 offtake customers, they set up Sovereign to release a scoping study in the coming weeks.
With most of the technical disciplines now complete, mining optimisation and capital and operating cost estimations are currently being finalised.
A new indicated mineral resource estimate is also on the way after substantial resource drilling to build upon the world-class inferred resource released in June.
That confirmed Kasiya as one of the largest natural rutile deposits in the world, with an inferred resource of 644Mt at 1.01% rutile and a high-grade component of 137Mt at 1.41% rutile.
This article was developed in collaboration with Sovereign Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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