Every day, millions of investors flock to the OTC Markets to look for the next big thing on the exchange. However, it can sometimes get a bit overwhelming for investors to follow all the relevant news closely. Here is a quick look into a number of OTC-listed stocks that you could consider tracking at this point.
Sparx Holdings Group Inc. (OTC:SHGI): Sparx Holdings Group Inc., which is a fire protection technology firm, is involved in the development of the Sparx Smart Sprinkler System. The system integrated smoothly with regular fire sprinklers to accelerate the response time to fires through the assistance of a range of smoke, fire, gas, flame, and temperature sensors for quick detection.
In a new release yesterday, the company noted that the main focus of Sparks Holdings was to address the challenges of ‘highly challenging fires’ or ‘complex fires’. The fires from those variants are generally encountered in warehouses or storage units where hazardous items may be stored. It may also occur in those that have significant obstacles or high ceilings.
The company referred to some of the recent complex fires that had been raging for days and caused damage in Mexico and Texas. It went on to note in the news release that its Sparks Smart Sprinkler System was a response to tackling complex fires of that nature. The system had been customized in such a way as to meet the specific firefighting needs of businesses that store hazardous items.
Medaro Mining Corp. (OTC:MEDAF) On Thursday, Medaro Mining Corp. announced that Ombabika Group Inc., which is owned entirely by Nations First, had been contracted by Rock Edge Resources.
The contract was for drilling four holes along the strike at Dyke Number 1 that had been optioned at the Superb Lake Property, located in the northwestern region of Ontario. Rock Edge is the joint venture partner of the company on the project and has the option of earning 70% from its interests in the Superb Lake lithium project from Medaro Mining. The drilling program would be initiated for the purpose of testing the thickness and orientation of Dyke Number 1.
However, in its new release, it was announced by Medaro that due to the deformation of the dyke that had been discovered in the exploration program from last year, Hence, it was difficult to come to an estimate with regards to the true dip and strike on the surface.
PCS Edventures!.com Inc. (OTC:PCSV) Yesterday, the leading K-12 Science, Technology, Engineering, and Mathematics (STEM) education provider and drone products firm PCS Edventures!.com Inc. announced its unaudited financial results for the first quarter of the 2024 fiscal year ended June 30, 2023.
The company reported revenue of $2.61 million for the first quarter, which reflected a yearly rise of 87% from the $1.39 million it generated in the prior-year period. PCS Edventures!.com generated a net income of $0.86 million for the quarter, which was a significant improvement from the $0.26 million in the prior-year quarter.
The President of the company, Michael Bledsoe, spoke about the development as well. He noted that the performance in the first quarter was the best that the company had ever had. He noted that the aim of the company was to go after larger customers to generate broader success. He went on to add that in the first quarter alone, the company had 12 customers with orders totaling more than $500,000.
XTM Inc. (OTC:XTMIF)—Toronto-based financial technology creator XTM Inc., which is involved in developing disruptive payment innovations, announced yesterday that the cease-trade order had been reversed by the Ontario Securities Commission, its principal regulator. It also reversed the suspension of trading of the company’s common shares through the Canadian Securities Exchange. The share resumed trading on Thursday, August 10, 2023.
The cease-trade order had been placed on the company on July 18, 2023, after it failed to make two key filings. One of those was the filing of the financial statements for the fiscal year ended December 31, 2022, in addition to management discussions and analyses. The other one was related to the failure to file the interim financial statements for the period ended March 31, 2022.
Bunker Hill Mining Corp. (OTC:BHLL) On August 10, Bunker Hill Mining Corp. was in focus after it announced that the Listing Committee of the TSX Venture Exchange had granted the company conditional listing approval. The company noted that it anticipated that its common stock would commence trading on the TSX Venture Exchange on September 8, 2023. The company noted that it had received approval after going through a thorough application review process.
Finally, it was provided with an all-important letter from the listing committee. The Chief Executive Officer, Sam Ash, noted that it was a major and long-planned corporate milestone for Bunker Hill Mining Corp. The listing could also lead to further investment from institutional investors, he added.