Penny Stocks Watchlist: ATDS, MRES, AURI, PLQC, VLTLF

There are a number of stocks that could be tracked by investors at this point in time. However, it is also true that, due to the sheer number of stocks across exchanges, it is necessary for investors to streamline their research a bit as well. Here is a quick look at five stocks that investors could look into at the moment.

Data443 Risk Mitigation Inc. (OTC:ATDS) Yesterday, the privacy software and data security company Data443 Risk Mitigation Inc., which claimed to be ‘All Things Data Security’, announced its financial results for the second fiscal quarter and the half-year period, both of which ended on June 30, 2023.

The company recorded total revenues of $619,040 for the quarter, which reflected an 18% year-on-year drop from the $750,989 that it had generated in the prior-year period. The company noted that the drop in revenues had been brought about by the shift from one-time perpetual sales contracts for some products to time-based subscriptions.

However, the latter involved multiyear upfront payments. The company incurred general and administrative expenses of $1,635,499 for the fiscal quarter, which was a significant drop from the $2,116,220 in the prior-year period. It worked out to a drop of 23%. The company recorded a major turnaround in terms of net income as it swung back to profits of $89,540 for the second fiscal quarter from losses of $2,446,212 in the prior-year period. It reflected a year-on-year turnaround of 93%.

Institute of Biomedical Research Corp. (OTC: MRES) is a major player in the emerging nutraceutical biotech space. The Institute of Biomedical Research Corp. is a specialist in plant-based medical psilocybin and CBDs and is involved in advanced mental health therapeutic research as well, which is backed by artificial intelligence. Yesterday, the company announced the debut of M2 MMA, its Mixed Martial Arts Organization. The organization would have a presence in Thailand, South Africa, and the Middle East and have the guidance of the company’s leadership role in its core industries as it looks to channel its expertise in a whole new industry.

The basis of the venture would be the company’s commitment to the fitness and health of the MMA athletes. It seeks to provide respectful, dignified, and compassionate treatment to the athletes who would participate in its promotion. This would also help the company introduce advanced fitness science into the world of athletics.

Auri Inc. (OTC: AURI) On Thursday, the company provided a key update to its shareholders with regard to an acquisition transaction. Auri Inc. announced that the negotiations with regards to the acquisition had progressed to a positive juncture. Hence, a team from the company would visit its location in Florida and meet its owners. Mr. Vasker, the Chief Executive Officer of the company, noted that the visit would be particularly convenient for the Auri team since its SEC (United States Securities and Exchange Commission) attorneys were based out of Florida.

The acquisition target would entail the ownership of a manufacturing company that had managed to generate historically strong revenues over the course of the past few years. Vasker noted that the prospect was an exciting one. The company also noted that it had started negotiations with an entity that had a track record of helping microcap companies on the OTC Markets with their uplisting to a bigger exchange like the NASDAQ.

Planes Acquisition Corp. (OTC: PLQC) On August 17, it emerged that the company, along with its fully owned subsidiary unit, Plains State Bank, had entered into a definitive agreement with regards to an acquisition. The acquisition in question is for the independent wealth management firm Core + Financial Strategies, which is based out of Houston, Texas. Core + Financial boasts as much as $317 million in client assets, and Planes Acquisition Corp. announced that the transaction would be executed by the end of this month.

Following the closure of the acquisition, Core + Financial would operate under the same name. In order to complete the transaction, the company chose the services of Raymond James, an international independent investment bank and financial services firm, as its broker-dealer.

Volt Lithium Corp. (OTC: VLTLF) On Wednesday, the company announced that it had terminated two existing copper asset-related option agreements that had been part of the portfolio of its predecessor company. Volt Lithium Corp. decided not to pursue these deals as they were not part of its new strategy.

Due to the termination of the agreements, the company managed to streamline its asset base and provide investors with the possibility of exposure to a pure-play lithium technology and development firm. The company is looking to become the first commercial lithium hydroxide producer in North America as well as produce lithium brine from oilfield brine.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.