Trading sub-penny stocks on the OTC market can be an exciting yet challenging venture for investors looking to capitalize on potential high-risk, high-reward opportunities. While sub-penny stocks are typically priced at less than $0.01 per share, they can offer significant upside potential if the underlying company experiences positive developments or news. However, with that upside comes significant risk, as these stocks are often thinly traded and subject to extreme volatility.
As we move further into the trading week, let's take a closer look at some sub-penny stocks that are carrying big momentum and could offer potential trading opportunities. In this midweek momentum check, we'll examine the recent trends and developments in these companies and provide insights into their potential future performance. Let's dive in and see what's happening in the world of sub-penny stocks!
One sub-penny that has been trading well this week is EPAZ, which closed at a price of 0.0091 USD yesterday, representing a 54.24% increase from its previous close. With the recent developments in its drone technology and expansion plans, the company may be worth watching for investors interested in OTC stocks with momentum.
Epazz Inc. (OTC:EPAZ) is a provider of drone technology, blockchain mobile apps, and cloud-based business software solutions and has been gaining momentum this week with its latest announcement. The company is filing a series of artificial intelligence (AI) patents for its drone technology, specifically to increase the flight time of its ZenaDrone 1000. This new process requires a custom battery management system that uses AI to monitor and analyze the flight characteristics of the drone, and the company is using predictive AI analytics and modeling to improve the drone's flight times.
CEO Shaun Passley, PhD, said, "We are pushing our drone technology to the next level with artificial intelligence, and we need to protect our intellectual property." The company has already received two patents for its drone technology, with two more under review with the US Patent Office, and has also filed for international patents.
Epazz's spinoff company, ZenaDrone Inc., is dedicated to improving its intelligent unmanned aerial vehicle technology, which uses machine learning software and AI. ZenaDrone Inc. began with the goal of revolutionizing the hemp farming sector and later evolved into an intelligent and multifunctional industrial surveillance, inspection, and monitoring solution that has been gaining traction with multiple branches within the US Government.
In a recent development, EPAZ has recently been in talks with Ossian Smyth, Minister of State at the Department of Public Expenditure and Reform of Ireland, National Development Plan Delivery and Reform, and the Department of Environment, Climate, and Communications, who visited ZenaDrone's offices in Dublin, Ireland, last week. This visit comes as the company is negotiating with a financing institution for a deal to purchase up to 100 ZenaDrone 1000s for drone as a service operations in Ireland.
The financing terms are non-dilutive and would include a purchase order for up to 100 drones. These drones will be used in Ireland to establish the "drones as a service" operation, with ZenaDrone managing and servicing these drones for Irish farmers, businesses, and government agencies.
Investors interested in OTC stocks with momentum may want to keep an eye on EPAZ, as the company's latest developments in AI and drone technology, along with its expansion into international markets, show promising growth potential for the future.
Sharing Services Global Corporation (OTC:SHRG) saw a significant surge in its stock price, with a gain of 59.74% on Tuesday, closing at 0.010 USD. The company is a diversified corporation focused on acquiring and developing innovative companies, products, and technologies that aim to maximize shareholder value. Sharing Services Global's combined platform brings together the capabilities and expertise of various companies that market and sell products directly to consumers.
On Tuesday, SHRG announced the success of its wholly owned subsidiary, The Happy Co.'s Spring Kickoff Virtual Event, held on April 22. The Happy Co. is a leading producer and distributor of nootropic and functional beverage products that focus on health and wellness. Attendees at the event were treated to two hours of impactful training, the launch of a new tool, newly branded product packaging, and more. According to the company, the event showed the energy for growth planned for the coming months.
Shifting gears to Major League Football Inc. (OTC:MLFB), the stock closed at 0.00070 USD on May 9th, up 42.86% from the previous day. The company's focus is on establishing and operating a professional spring and summer football league in cities overlooked by existing professional sports leagues. Back in early March, MLFB released some important updates on the company.
According to the updates provided by Frank Murtha, the President and CEO of MLFB, the management team remains intact and continues to work on important items for the 2023 season. These include filing an S-1 registration for a $2.5 million stock equity line with Alumni Capital, discussions with a major broadcast company to telecast and stream games, and potential merger or joint venture opportunities with an investor group interested in forming a similar league. Included among the supporters of the company are four former and current NFL players, and their family members have invested in and support MLFB.
The last stock with some major gains this week is Healthier Choices Management Corp. (OTC:HCMC), which released its financial results yesterday and saw some increased activity from traders.
HCMC announced its financial results for the first quarter ended March 31, 2023. The company recorded net sales of $13.6 million, representing a 169% increase compared to the same period in 2022. Gross profit from operations for the quarter was a record $4.9 million, up 149% from the same period last year.
However, the net loss from continuing operations for the quarter amounted to approximately $2.0 million compared to a $1.3 million loss for the same period in 2022, a 49% increase in loss. Adjusted EBITDA loss amounted to $1.6 million, with over $0.3 million in non-recurring expenses incurred during the period. The CEO, Jeffrey Holman, expressed confidence in the company's ability to deliver strong growth and to implement synergies across its brands to reach bottom-line profitability.
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