Penny Stocks News Update: PTOP, GEMZ, BWVI, AWSL, GRNL

Over the course of the past few days, there have been a large number of penny stocks that have been in the news for one reason or another. However, it is difficult for investors to keep an eye on all of those and there is a need to be a bit more selective. Here is a quick look at five penny stocks in the news lately.

Peer to Peer Network (OTC:PTOP) – The company is one of the leading innovative players in the digital business card industry and on Thursday it came into focus following a key announcement. The company announced yesterday that it had gone into a partnership with Tristen Martinez.

Martinez is a highly influential figure with a considerable following on social media. The partnership is aimed at amplifying the online visibility of Peer to Peer Network’s path-breaking product MOBICARD, thereby creating a strong connection with the target audience. The company noted that digital marketing has evolved at a rapid pace in recent times and it acknowledged the power of social media influencers with regards to their ability to create market trends.

The MOBICARD 1.5 product is a major stride forward in the world of digital business cards. It offers the customers an innovative product that would provide a best-in-class differentiated service to the customers. The product offers significantly innovative features and due to the commitment of Peer to Peer Network towards quality and customer satisfaction, it could take the next leap through the collaboration with Martinez. Martinez is known for his storytelling abilities and for his considerable following on TikTok.

GEMXX Corporation (OTC:GEMZ) – On July 13 the company came into focus after it announced that it had renewed its marketing deal with SRAX. The renewal of the contract was affected by GEMXX Corporation so that SRAX could create marketing and communication strategies. The aim of those strategies is to ensure that the company can reach out to its investors, shareholders, and consumers far more effectively. GEMXX Corporation noted yesterday that it believed that the partnership would continue to push its profile further higher.

SRAX is a financial technology and digital marketing company which is focused on unlocking key data and insights with regard to publicly listed companies. The company come up with a platform named Sequire, which offers high-class investors intelligence and communications. The platform helps companies in tracking the behavior of investors and other key trends.

Those insights can then be used by companies to engage effectively with existing and potential investors through a range of marketing channels. GEMXX Corporation is involved in the mining the marketing of gold, jewelry, and gemstones. It boasts of global reach and owns production facilities and mining assets. It is also one of the leading producers of high-quality Ammolite and Ammolite jewelry.

Blue Water Ventures International Inc (OTC: BWVI) – The bioscience company is dedicated to the development of leading-edge technologies for creating the next stage of treatments for mental health. Yesterday, Blue Water Ventures International Inc was in the news after it announced that the first patient had been administered a dose of its patented NeuroDirect ketamine topical delivery system as part of a Phase 1 study.

The product is meant for treating Post Traumatic Stress Disorder (PTSD). It is the first candidate from the company which is non-systematic in nature and is designed for the purpose of targeting the nerve endings at the back of the patient’s neck.

The Phase 1 study is being conducted in Australia by iNGENÅ Pty Ltd and its main objective is to gauge the tolerability, safety and pharmacokinetics. The clinical trial program from the company is the first time that the topical applications of Ketamine are being tested for treating a mental health issue. Chad Herman, the Chief Executive Officer of the company, spoke about the development as well. He noted that the milestone marked the transition of Blue Water Ventures International into a clinical-stage company.

Atlantic Power & Infrastructure Corp (OTC: AWSL) – The company is focused on transforming the water cleaning technologies industry after the acquisition of TOMA Environmental. Through that acquisition Atlantic Power & Infrastructure Corp would get the international rights to launch the path-breaking Algae ‘Solaris’ Technology. In its announcement yesterday, the company noted that red time blooms and algae are constant threats to the health and drinking water quality of millions of people across the world. Solaris technology has been tested extensively and it offers a significant advantage.

It is a solar-powered and wind-propelled technology that has demonstrated that it could help with the elimination of red algae blooms from beaches, ponds, rivers, and lakes. The technology can detect algae easily and then absorb it. Consequently, it processes the algae into a pure paraffin by-product. It is a sort of service that is currently in high demand in the construction industry.

Atlantic Power & Infrastructure Corp announced that it expected hundreds of Solaris boats would be leased out to corporate and governmental entities which have come up with considerable budgets for cleaning water. The executive vice president of the company Tommy Alfredo noted that the technology would bring significant value to the shareholders.

Greenlite Ventures Inc (OTC: GRNL) – This past Wednesday the company announced its financial results for the fiscal year that ended on March 31, 2023. Greenlite Ventures Inc announced that it had suffered a loss of $8,294,982 for the fiscal year, which worked out to a per-share loss of $0.38. In the previous fiscal year, the losses were $10,058, with a $0 loss per share.

However, the company noted that the in the 2023 fiscal year there were one-time and non-recurring expenses related to the elimination of debt and charges pertaining to non-cash stock-related overheads. If those expenses are excluded then the net loss stood at $97,907 for the fiscal year. The Chief Executive Officer of Greenlite Ventures Inc Adam Pennington noted that during 2022 the company had significant progress and hit milestones which would be the basis for future growth.