Penny Stocks to Watch: WDRP, YECO, LVVV, BRGC, UMAV

The penny stock space attracts hundreds of thousands of investors on a daily basis, and that would continue given the possibility of outsized gains. However, one also needs to be diligent in his research in order to discover the right stocks. Here is a look at five penny stocks that may be worth tracking.

Wanderport Corp. (OTC:WDRP), which operates in the form of a holding company, is a specialist in clean mobility, health and wellness, and clean mobility. Yesterday, the company announced that it had been successful in canceling as many as 100 million common shares and also provided an update about its strategic direction for artificial intelligence solutions for health and wellness.

The company announced that it had secured and then canceled 100 million shares of the common stock, which worked out to a reduction of 14%. That was a major move aimed at improving the company’s capital structure and also boosting value for shareholders. That was also in line with the company’s strategy of streamlining its operations, driving more growth-focused projects, and strengthening its financial situation.

The Chief Executive Officer of the company, Miki Takeuchi, noted that the strategic move was also an indication of the confidence that the management had in the trajectory of Wanderport Corp. going forward. Through the reduction in the number of its outstanding shares, the company aimed to boost earnings per share and potentially make it a more attractive proposition for investors.

EV Biologics Corp. (OTC: YECO) On August 16, the company made an announcement with regards to the fact that it had completed the production of a new generation, MSC exosome-based, ‘Gen 2’ therapeutic product. The company noted that a thorough analysis of the product had already begun and that EV Biologics had hired the services of some of the leading laboratories to perform cutting-edge analyses of molecular composition.

Other aspects of the analyses would be therapeutic activity and any other forms of contamination so as to validate the product thoroughly. Eventually, the analysis would help in the preparation of a complete product developed with the right data specifications. Daniel McKinney, the Chief Executive Officer of the company, spoke about the matter as well.

He noted that the company was looking to build a product that was essentially the ‘Fountain of Youth’. He went on to note that the company had a product that it could then use in clinical trials to be held in South America, Asia, and the Middle East.

LiveWire Ergogenics Inc. (OTC: LVVV) is involved in the acquisition, management, leasing, and licensing of special-purpose real estate properties for the growth of organic cannabis products. The products are meant for recreational and medical use in the California market. On August 16, the company announced that it was opening its cultivation operation at the Estrella Ranch, located in Paso Robles, California, for visits from shareholders.

The decision from the company would allow interested shareholders to take a look into the way in which premium cannabis products are produced by the company. The Chief Executive Officer of the company, Bill Hodson, spoke about the development as well. He noted that there was no other experience that was better than experiencing the whole process in person. It would be possible for the shareholders to smell and touch the individual plants at the ranch. Additionally, shareholders would also be able to witness the state-of-the art operation in place.

BrightRock Gold Corp. (OTC: BRGC) Yesterday, the company announced that it had made a 205-foot expansion to its footprint at the Midnight Owl Lithium Project. The company revealed that as much as 4900 acres were now spread across 237 lode claims, and it had completed ownership over all those claims.

The company also provided a map of the expanded territory in its news release. BrightRock Gold noted that it had planned the expansion right after the results from a 10-meter satellite imaging program had been carried out by Dirt Exploration. The company also commended its Head of Exploration, Steven Cyros, for his untiring efforts in seeing the project through to its conclusion.

UAV Corp. (OTC: UMAV) On Wednesday, the company announced that it had established a new office in Tulsa, Oklahoma. The opening of the new office was a strategic move by the company to take care of its high-altitude airship program. The program is based on achieving altitudes of as much as 70,000 feet for both unmanned and manned satellite technology through the utilization of new-age lighter-than-air technologies.

The Senior Vice President of Business Development at the company TajKeo noted that the company had a strong belief in the resources and talent at Tulsa, which is why it was the ‘perfect home’ for UAV Corp’s new endeavors.