OTC Stock News Recap: BRGC, CWPE, DFCO, LIGA
There is legitimately a lot of interest in stocks that are listed on OTC Markets. However, the principles of tracking stocks on the exchange are the same as on other exchanges. Investors need to be aware of the latest developments in order to have a better idea of the market. Here is a look at four OTC-listed stocks that may be worth tracking at this point.
BrightRock Gold Corp. (OTC:BRGC) On Tuesday, BrightRock Gold Corp. announced the report on the interpretations that had been made on the high-resolution satellite images of the Midnight Owl Project. The images in question had been captured by Dirt Exploration with a resolution of 33 feet. The project is located in the White Picacho Pegmatite District, which is not too far from Wickenberg, Arizona.
The company noted in its announcement that the Midnight Owl Lithium Project was located in a favorable spot since there had been historic mining of lithium and a large number of pegmatite dike outcrops; additionally, the project is also close to three gigafactories around 170 miles away. The project encompasses an area of 4000 acres and 196 lode claims, the entirety of which is under the ownership of BrightRock.
The company noted that as per the historical documentation, the imager, and the details that emerged in the images, there was a surface geologic interpretation. Stantec Consulting Services had produced the second figure in the group of images. The Chairman and Chief Executive Officer of the company, Mac J. Shahsavar, stated that the first analysis of the images proved to be highly useful for the company in terms of further exploration.
CW Petroleum Corp. (OTC: CWPE): CW Petroleum Corp. is best known for being a major Proprietary Reformulated no-ethanol gasoline and Biofuels provider. Yesterday, the company was in focus after it announced its financial results for the half-year period ended June 30, 2023.
During the period, the company generated revenues of $5 million, which reflected a 51% year-on-year rise from the $3.3 million generated in the prior-year period. The EBITDA came in at $546348, which reflected an improvement of as much as 688% from the EBIDTA loss of $92894. The net income generated by CW Petroleum Corp. for the half year was $395936, which worked out to an improvement of 275% from the $226135 the company suffered in the prior year period.
The Chief Executive Officer of the company, Christopher Williams, commented on the performance as well. He noted that CW Petroleum Corp. had managed to deliver two consecutive quarters of robust growth in 2023. He went on to note that if the company continued at the same pace, then it was on course to generate yearly revenues of $10,000,000. If that figure is hit, then the company would surpass the revenues generated in the 2022 financial year.
Dalrada Financial Corporation (OTC: DFCO): The problem-solving, innovative company Dalrada Financial Corporation is involved in tackling complex problems in the fields of clean energy, healthcare, climate technology, and precision manufacturing.
Yesterday, the company announced that its healthcare unit, Genefic Wellness Group, had launched a new company named Genefic Infused Clinics. The new company would be involved in providing alternative therapies to those suffering from anxiety, depression, chronic pain, and post-traumatic stress disorder. The company noted that there was considerable evidence that supported the efficacy of non-traditional therapies like ketamine infusion in such treatments. Hence, many individuals suffering from the above-mentioned conditions are moving to these therapies. Genefic-infused clinics would serve that specific market.
The Chief Operating Officer and President of Genefic Wellness Group, Dan Riley, spoke about the matter as well. He noted that the new unit would be a lifeline for anyone who may be suffering from these impairing conditions like anxiety, depression, or PTSD. He went on to state that the therapies offered by gene-infused clinics were safe and effective when compared to alternative forms of SSRIs.
LIG Assets Inc. (OTC: LIGA) The sustainability-focused holding company LIG Assets Inc. is primarily involved in the sustainable media, logistics, and housing markets. On August 8, the company announced that it had signed a major Memorandum of Understanding to merge a portion of its media unit with Stargaze Entertainment Group Inc. The acquisition of Stargaze Entertainment was a strategic one for the company. It was in line with LIG Assets’ focus on growing its presence in the fast-growing film production, music, television, and live entertainment industries. The company would be focused on identifying premium locations in the United States and Canada that already boast high-quality entertainment assets. Through that strategy, the management of the company seeks to grow Stargaze Entertainment into a major family entertainment venue and Theme Attraction Company.