Penny Stock Momentum Watchlist (ATVK, ILUS, TETOF, NVVE)

October 09, 2023 at 05:04 AM EDT

One technique many investors use to book profits is to find stocks that are gaining momentum. Often times, stocks that make positive moves one day can stay in an uptrend for multiple trading sessions, providing savvy investors with potential gains.

Let's take a look at four stocks that made positive moves on Friday that deserve a closer look:

Ameritek Ventures, Inc. (OTC:ATVK)

Ameritek Ventures, Inc. is an emerging player in the cutting-edge fields of artificial intelligence, robotic technology, and blockchain cloud software.

Ameritek Ventures, Inc. is positioning itself as a key contender in the world of technological innovation. One of its standout subsidiaries, Augmum, is at the forefront of merging machine learning with augmented reality. This innovative approach seeks to enhance the control of robotic arms through the use of specialized glasses and gloves. The implications are far-reaching; it has the potential to streamline various industries by increasing precision and automating tasks.

The global robotic technology market is projected to grow from $72 billion in 2022 to an astonishing $282 billion by 2032. Ameritek Ventures appears well-positioned to capitalize on this remarkable growth trajectory.

In recent news, Augmum filed a patent for its robotic arm technology, underscoring its commitment to innovation. The platform it aims to create has broad applications, from business to the military and healthcare sectors. Imagine doctors at a military base remotely interacting with patients on the front lines using this technology. It's a game-changer.

The filing of this patent comes on the heels of Ameritek Ventures' strategic move into enterprise software combined with artificial intelligence capabilities. Subsidiaries like ESM Software and FlexFridge have been making strides, further diversifying the company's potential for growth.

As Ameritek Ventures continues to explore opportunities in the emerging technology space, investors have reason to keep a watchful eye on this company. While it's essential to exercise caution in the ever-evolving tech sector, ATVK's trajectory holds promise for those seeking long-term potential.

ILUS International Inc. (OTC:ILUS)

ILUS International Inc., a mergers and acquisitions company with a strategic focus on public safety, industrial, defense, and renewable sectors, has recently issued a press release outlining significant developments and achievements. The stock was trading up

One noteworthy highlight is the successful filing of the S-1 Registration Statement by its subsidiary, Quality Industrial Corp. (QIND). This is a critical step in QIND's path to potentially uplisting on the NYSE American, a move that could enhance its visibility and investor interest.

Additionally, ILUS International Inc. has executed the acquisition of a company as a Special Purpose Vehicle, aligning with its previously presented business plan. This move signifies the company's commitment to growth and expansion.

Despite challenging market conditions, ILUS International Inc. has made substantial progress across its subsidiaries, particularly in public safety and renewables. The company's leadership team, including Managing Director JP Backwell and CEO Nicolas Link, has been diligently working to ensure that each subsidiary continues to make simultaneous progress.

A significant strategic move involves the spin-out of public safety businesses into Emergency Response Technologies (ERT), a wholly-owned subsidiary. This strategy, set to roll out in the coming months, aims to capitalize on U.S.-based firefighting and ambulance manufacturing opportunities, as well as expand its global wildfire equipment range.

Furthermore, ILUS International Inc. has experienced positive growth in subsidiaries like Georgia Fire and Rescue Supplies (GFR) and Bull Head Products (BHP) in the United States. Distribution rights for wildfire equipment and vehicles in several states, along with operational enhancements, bode well for future growth.

Internationally, ILUS is consolidating its operations in the Middle East and strategically merging businesses to reduce costs and enhance competitiveness. Its firefighting equipment manufacturer, FireBug Mechanical, is bidding on contracts with significant value.

Lastly, ILUS is making strides in the renewables sector, including the development of electric utility vehicles and other promising initiatives.

Tectonic Metals Inc. (OTC:TETOF)

Tectonic Metals Inc., a company renowned for its meticulous approach to mineral exploration and a history of successful gold discoveries in North America, recently unveiled an important development—the Early Exercise Warrant Incentive Program.

The early exercise warrant incentive program offers holders of common share purchase warrants, issued on May 30, 2022, and July 8, 2022, the opportunity to exercise their warrants within a specified window from October 10, 2023, to November 8, 2023. In exchange for early exercise, warrant holders will receive not only one common share per original warrant but also an additional common share purchase warrant (Incentive Warrant). Each Incentive Warrant allows the holder to acquire a common share at a favorable exercise price of $0.13, valid for a two-year period.

The capital generated from this program is earmarked to advance Tectonic's Flat Gold Project, situated in the promising Alaskan region, while also exploring new project opportunities.

The market responded positively to this announcement, with Tectonic Metals Inc.'s stock witnessing a 2.8% increase following the news. This reaction could mean that investors view the Early Exercise Program as a favorable move, potentially indicative of confidence in the company's ongoing projects and future growth prospects.

Nuvve Holding Corp. (NASDAQ: NVVE)

Nuvve Holding Corp. recently made an exciting announcement regarding their innovative project, RESCHOOL: Resilient Energy Solutions for Schools. This initiative has garnered a proposed grant of $1,910,703 from the California Energy Commission (CEC) under their Electric School Bus Bi-Directional Infrastructure funding opportunity.

RESCHOOL represents a groundbreaking effort by Nuvve, showcasing the potential of electric school buses (ESBs) and bi-directional charging infrastructure to bolster the resilience of California's power grid. In the initial phase, the project aims to establish a scalable model that other school districts in California can adopt to implement their own zero-emission and bi-directional infrastructure.

The RESCHOOL project is designed to enhance existing electric school buses and bi-directional charging infrastructure with battery energy storage, microgrids, and islanding capabilities. This demonstration will illustrate how ESBs can play a crucial role in enhancing the reliability of California's power grid, particularly during extreme weather conditions and emergencies. By integrating these bi-directional electric school buses and their charging infrastructure into resilient microgrids, the project also seeks to reduce the costs of clean transportation systems while optimizing energy availability during power outages.

Initially, this project will benefit two San Diego County school districts, Cajon Valley Union School District and San Diego Unified, which are already equipped with Nuvve's bidirectional chargers and the V2G GIVe platform. This initiative reflects Nuvve's commitment to advancing clean energy solutions, cost reduction, and strengthening California's power infrastructure.

Nuvve CEO Gregory Poilasne stated, "The project builds on our long experience aggregating electric school bus battery storage to discharge energy to the grid and further enhance resiliency through microgrid capabilities."

The grant's approval is pending, with Phase 1 allowing project teams to utilize bi-directional charging infrastructure blueprints to replicate the initial projects in additional California school districts in Phase 2. This project represents an exciting opportunity to explore the potential of electric school buses and bi-directional infrastructure in enhancing grid resilience and clean energy solutions.

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Penny Stock Momentum Watchlist (ATVK, ILUS, TETOF, NVVE)

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