Penny stocks often offer an opportunity for new investors to make substantial gains from small investments. However, it is also necessary to have a degree of risk tolerance. Here is a look at some penny stocks which have been active in recent days.
Houston Natural Resources (OTC: HNRC) : One of the energy companies to have gained the attention of investors in a big way in recent times is Houston Natural Resources Corporation. On July 11 the company announced that it had completed the acquisition of a 100% stake in Cunningham Energy LLC. Owing to the transaction, the net asset value of the company went up to $3.35 a share. It should be noted that in the past the company had picked up a stake of 9.9% stake in Cunningham and eventually, it picked up the rest of the 90.1% interest.
Following the acquisition, Cunningham would continue to be run by Ryan Cunningham. The company completed the transaction through the issuance of preferred and common stock. Houston Natural Resources Corporation aims to change its name to Cunningham Natural Resources Corporation eventually. The new entity would be focused on oil and gas opportunities in addition to mining opportunities in regular minerals like lithium, gold, and copper among others.
BioAdaptives Inc (OTC: BDPT) - The company is focused on the manufacturing and distribution of natural plant and algae-based products, which improve the health and wellness of both animals and human beings. The emphasis of the products is on immune system defense, optimization of pain relief, stress resistance, endurance, anti-aging, and anti-viral activity. The products also help with recovery from illnesses, exercise, and injury.
On April 20, 2023 BioAdaptives Inc announced that it intended to spin off its Livestock Impact Division into a fully owned subsidiary. It was also noted that the new entity would continue with its core business but also work on expanding its business globally.
Enzolytics Inc (OTC:ENZC) - The drug development company is focused on the commercialization of monoclonal antibodies and proprietary proteins for the treatment of debilitating infectious diseases. At this point, Enzolytics Inc is involved in advancing a range of therapeutics for treating several infectious diseases.
On July 24, the company’s fully owned subsidiary unit Virogenetics Inc announced that it had received the approval with regards to the final protocol from the Department of HIV and AIDS, Ministry of Health of the Democratic Republic of Congo (DRC). The approval was particularly important since it opened up the path for administering the patented immunotherapy ITV-1 treatment to volunteers in August.
The initiative would take place under the auspices of a fast-track protocol managed by Neuro Pharma Ltd- Rwanda at Panzi Hospital, PRC, GOMA, and HEAL Africa hospitals. The approval of the protocol was the concluding step to meet the conditions for injecting HIV patients in Africa.
Asia Broadband Inc (OTC:AABB) - It is a resource focussed company involved in the supply, production and sale of base and precious metals. It mainly operates in the Asian market. Asia Broadband also holds considerable expertise in the area in addition to significant industry contacts and experience. That helps the company in facilitating its unique distribution process which originates with the exploration of metals in Mexico to the end user in the Asian markets.
On July 25, the company announced that it had been awarded all the relevant laboratory mineral analysis equipment for its new processing facility located in Etzatlan in Mexico. It was further noted that Asia Broadband had also commenced the lab setup for ore testing. The considerable testing capabilities of the lab would allow the company to choose the ore of the highest grade for maximizing plant revenues efficiently.
Sibannac Inc (OTC:SNNC) - The company is presently involved in the creation and sales of high-end innovative wellness products in the consumer packaged goods segment. Other than the mainstream supplements it offers Sibannac Inc is also involved in the production of Hemp.
Last week the company announced that it made its entry into the retail market through the opening of its Kava bar in downtown Scottsdale. It is located on the Old Town district thoroughfare in Scottsdale and the concept bar is expected to open for business by the end of this summer.
On July 5, Sibannac announced that it entered into a new, exclusive partnership with the creators of the revolutionary dog collar that uses the power of pheromones to repel insects. The company went into the partnership through Immersive Brand Concepts, its alternative health subsidiary.
The company's subsidiary would have exclusive distribution rights for the dog collar. The product had been developed by Blue Green Earth Sciences, which is based out of Oklahoma. The dog collar deploys natural pheromones, which have been proven to repel insects, fleas, and mosquitoes to provide a peaceful life for pets. It does not deploy any toxins or chemicals, which are generally harmful.
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