The market for penny stocks is quite vibrant, and every day, millions of investors flock to different exchanges to discover such stocks. However, it is always a good idea to build a watch list of penny stocks so as to pounce on any opportunities. Here is a look at five penny stocks that may be worth adding to your watch list today.
Sixty-Six Oilfield Services Inc. (OTC:SSOF): On Tuesday, Sixty-Six Oilfield Services Inc. informed its shareholders through a news release that its management did not have any intent of going for a reverse stock split at this point or in the immediate future. Additionally, the company also noted that it had recently entered into an agreement with a group of investors who wanted to invest in Sixty-Six Oilfield Services.
As per the provisions of the agreement, there would be a long-term relationship with the group, and capital injections would take place over the coming 24 months. The Chief Executive Officer of the company revealed that a number of inquiries had been made with regard to an imminent reverse split.
He noted that the company was committed to transparency with its shareholders and added that there was no reason to opt for a reverse split. He went on to add that the company had been involved in a number of acquisitions, and all of those appeared ‘doable’. He also observed that the agreement with the group of investors would also help with steady growth.
Arkose Energy Corp. (OTC:RKOS) The oil and gas-producing company Arkose Energy Corp. specializes in the utilization of natural gas production for the purpose of digital mining. The entire process deployed by the company is fully integrated. On Monday, the company announced that, after reaching an agreement with all its shareholders, all the outstanding shares of the Series B preferred stock of the company had been canceled, retired, and returned to authorized or unissued status.
The move went into effect on June 30, 2023. The transaction led to the retirement of $6.5 million worth of the company’s preferred stock and accumulated dividends as well. Daniel L. Ritz Jr., the President of Arkose, spoke about the matter as well. He noted that it was important to exterminate the overhang that had been caused by the burden of the preferred stock in the company. He went on to add that the move would also help the company make strategic progress.
Jetblack Corp. (OTC:JTBK) On August 8, Jetblack Corp. announced that it had recently submitted requests for funding to both the Department of Agriculture and the Department of Energy. The company noted yesterday that the proposals for which it had been seeking funding were innovative projects. The projects would entail the seamless integration of carbon capture technology with agricultural techniques of a progressive nature. That would also lead to the amalgamation of environmental concerns, progressive food production technologies, and renewable resources.
The company noted that its work on the project was also an indication of its commitment to pushing the envelope and advocating for innovations. The company noted that the project was the highlight of the funding requests that had been sent to the two governmental bodies. In the same news release, the company added that it was committed to addressing key agricultural and environmental hurdles.
Golden Triangle Ventures Inc. (OTC:GTVH) Yesterday, Golden Triangle Ventures Inc. announced the launch of sales of its Le Pragma CBD Product line. Additionally, the company also provided an update with regard to the progress that had been made following the recent acquisition of Le Pragma. Le Pragma is a brand that is involved in providing high-end wellness, health, and beauty products to encourage an active life.
In recent times, the company has been working on a range of strategic business-related enhancements in order to boost the operational effectiveness of Le Pragma and also create a large market presence for the brand. Yesterday, Golden Triangle Ventures announced that the full-spectrum tincture line from Le Pragma had been launched for sale on the website LePragma.com. It was further noted that the management was in the process of testing the other product lines prior to listing and launching them for sale.
Anything Technologies Media Inc. (OTC:EXMT) Anything Technologies Media Inc. was in the news yesterday after it announced that it had expanded its new line of CBD products. The company announced that it had not only enhanced its packaging but also moved into distribution through larger chains.
The company noted that it was particularly focused on large dispensary chains, convenience stores, and grocery chains. The company noted that it now had its after packaging, which would give its clients the necessary confidence in the products. The updates can also be viewed on the company’s website.