Investors troll penny stocks in search of the next big thing in hopes of getting in on the ground floor of the next Google, Apple or Amazon.
Last week saw a frenzy of buying and selling in the areas of technology and marijuana penny stocks fueled by promises of big contracts and big breakthroughs just around the corner.
Here are four of the most active penny stocks from last week:
New Cannabis Product Rolled Out
SK3 Group Inc.’s (OTC PINK: SKTO) stock volume soared Feb. 14, 2014, with 60,359,726 shares changing hands, nearly double its three-month average rate of 35,958,486.
The uptick in volume of the Miami-Fla. – based company that provides consulting services for California marijuana growers comes on the heels of a Feb. 14 announcement that SK3 Group’s subsidiary has brought to market a cannabis-based supplement that will be sold by various stores in California.
Cannabis-Based Supplement in Stores Soon
According to SK3 Group’s release, the supplement, which is called Dharmanol™, was developed by David Hoye and Dr. Charles Apel of Berkeley Bio-Organic Research Laboratories. It contains less than .03% THC, less than many hemp-based health products that are sold at stores such as Costco and Walgreens, the release added.
But it contains 10 mg. of the non-psychoactive phyto-cannabinoids that are present in hemp/cannabis, and are thought to contribute to the myriad of mechanisms that many university-level scientific studies have shown to be responsible for the healing power of medical marijuana, according to SK3 Group.
Dharmanol™ tablets will be available soon in California through an online delivery service and select medicinal marijuana dispensaries.
Pretty Solid Track Record
While you have to take most announcements from penny stocks involved in medical marijuana industry with a healthy dose of skepticism, Sk3 Group’s past financial record makes it an exception to this rule. As with all new product rollouts you must not be overly optimistic, but at least this company know how to make a profit.
Its third-quarter 2013 results were decent, according to its SEC filing:
- current assets: $22.7 million
- total assets: $23.7 million
- cash: $129 thousand
- total current liabilities: $2.3 million
- revenue: $17.5 million
- net income: $3.2 million
On Feb. 14, SKTO’s share price closed at 5 cents, up 1 cent, or 18.78%, from its closing price of 4 cents the previous day.
Find out what could be the best investor’s move when it comes to SKTO by getting the complete report here, or by cutting and pasting the following link in your Web browser:
http://www.sixfigurestockpicks.com/
Alloy for In-Body Parts
California-based alloy maker Liquidmetal Technologies Inc.’s (OTCQB: LQMT) stock volume skyrocketed Feb. 14, trading 27,611,998 shares, more than five times its three-month average volume of 4,914,766 shares
LQMT’s share price also soared, closing at 29 cents, up 7 cents, or 33.18%, from its closing price of 22 cents the previous day. Both its volume and share price were most likely fueled by an announcement made Friday at about noon that it had developed a new alloy without a beryllium coating that could be now be sold by its licensees.
The significance of this new alloy, according to the release, is that it can be used for in-body implants, which would allow Liquidmetal to expand into medical surgical market.
Sounds Good But
While this is a positive development, it is too soon to go to the bank with it. It would be nice to see some specific prototypes made from this new alloy along with a production schedule and some orders from medical/surgical companies.
Find out what could be the best investor’s move when it comes to LQMT by getting the complete report here, or by cutting and pasting the following link in your Web browser:
http://www.sixfigurestockpicks.com/
Revolutionary Concepts Inc. (OTCQB: REVO), a security technology and monitoring company in the developmental stage, also saw its volume skyrocket Feb. 14.
The Matthews, N.C.-based company experienced volume of 50,090,787 shares, which is more than twice its three-month average volume of 19,275,119 shares.
Big News or PR?
The spike in REVO’s volume is a continuation of it record-setting volume the day before triggered by an announcement on Feb. 12, that Revolutionary Concepts had signed a multi-year global licensing agreement with a “company” for them to commercialize its patented "EyeTalk Communicator System."
Revolutionary Concepts said in the release that it forecasts $20 to $30 million in total estimated annual revenues from the residual and ongoing licensing fees and royalties that are projected to be generated from its new global license agreement from the marketing and exploitation of the patents. Of the $20 to $30 million in estimated annual revenues projected to be generated from the marketing and exploitation of the patents, REVO could receive an estimated 40% of the total, or $8 to $12 million annually.
Troubling Aspects
The most troubling aspect about this release is that the name of the company that has supposed to have signed this deal with Revolutionary Concepts is unnamed. Certainly if they are ready to project $20 to $30 million in potential revenue, it would be nice to know the name of the company that is going to help make this happen.
The second big problem with Revolutionary Concepts is it abysmal financial track record. So far, the company has a $13.69 million accumulated net loss.
On Feb. 14, REVO’s share price closed at 2 cents, up unchanged from its closing price of the previous day.
Find out what could be the best investor’s move when it comes to REVO by getting the complete report here, or by cutting and pasting the following link in your Web browser:
http://www.sixfigurestockpicks.com/
Unusual Move by CEO
Discovery Minerals Ltd. (OTC Pink: DSCR) stock volume also shot through the roof Feb 14, with 424,665,291 shares changing hands, more than 10 times its three-month average volume of 40,185,690 shares.
Why this Reno, NV-based mining company’s stock volume is so high is anyone’s guess. The company has been hyping itself for months, but so far its financials are dismal, showing that it lost $602,000 in 2013 and has liabilities of $656,000.
Billion Shares Returned
Furthermore, in an unusual move on Feb. 14, Discover Mineral’s CEO Russell Smith, returned a billion shares issued previously to him to the company’s treasury “in exchange for other equivalent financial instruments.”
What those financial instruments are is also anyone’s guess. But my guess is that neither this latest move by its CEO or it poor financials will make the company very attractive to potential investors.
On Feb. 14, DSCR’s share price closed at 0.001 cents, up 0.0002 cents from its closing price of 0.0008 cents the previous day.
Find out what could be the best investor’s move when it comes to DSCR by getting the complete report here, or by cutting and pasting the following link in your Web browser:
http://www.sixfigurestockpicks.com/
ABOUT US:
Sxfigurestockpicks.com issues momentum alerts on stocks that can provide gains to day traders.
Sixfigurestockpicks.com provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more.
Sixfigurestockpicks.com monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals DailyStockMotion.com is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. Gain an Edge by joining the Sixfigurestockpicks.com newsletter and receiving alerts from a Pro-Active team of researchers. Trading Alerts believes traders should have a chance at successfully trading penny stocks and invites traders and investors to be part of the Free VIP membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www.sixfigurestockpicks.com/
Disclosure
Sixfigurestockpicks.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always own due diligence with any potential investment.