5 OTC Stocks for Fridays Watchlist: SRCO, SING, SYSX, SMDM, UNQL, HMLA

Following were the most active stock buzzers on Thursday. Keep an eye on these stocks this week.

If you are interested in nanocap stocks here is one you should look into

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) just launched SpartaPayIQ, a crypto payment gateway developed for e-commerce and brick & mortar businesses.  SpartaPayIQ makes SRCO makes a ‘first of its kind’ vertically integrated crypto commerce company.

Two great examples of online vertical integration include:

Netflix- produces shows and films as well as provides the distribution network through its streaming services.

Amazon- marketplace for buyers and sellers – but it also offers its own products and services, as well as its own distribution channel.

SRCO is applying this model to cryptocurrency payment processing.  A recent Crypto.com Research Report states there are approximately 221 million cryptocurrency users worldwide holding over $2 Trillion worth of cryptocurrency to spend. That’s why the Global Crypto Payment Gateway Market is expected to grow with a CAGR of 22.8% over the next six years,  according to Brandessence Market Research.

SRCO is making its bid to take a sizeable piece of this sizeable market.

SinglePoint Inc. (OTCMKTS:SING) stock was in action in previous trading session and bucked the broader market trend. The stock went up 6.92% to $0.17 with over 1.23 million shares traded hands, compared to its average volume of 618K shares.   

The company announced a definitive agreement to purchase energy services company, Frontline Power Solutions. Frontline specializes in electrical supply, demand response and energy efficiency programs in most deregulated markets. Frontline has established itself as a formidable competitor with substantial market share while providing best-in-class customer service and retention.

Sysorex Inc. (OTCMKTS:SYSX) stock continued to trend lower on Thursday. On Thursday, the stock was down 17.55% to $0.0761  with more than 104.61 million shares traded hands, compared to its average volume of 19.19 million shares.     

The company announced that it plans to sell certain assets to another company in exchange for equity valued significantly higher than the Company’s market capitalization. “Following Sysorex’s reverse merger with TTM Digital Assets & Technologies, Inc. last year, Sysorex has experienced a substantial increase in gross revenue, and its prospects for future revenue generation and growth are solid.

The Singing Machine Company Inc. (OTCMKTS:SMDM) stock was in action in the previous trading session as the stock fell 9% at $0.1550 with over 10K shares traded hands, compared to its average volume of 78K shares.     

The company announced the official product release of its new Sing-along Crew plush characters. This newest hit kid’s product line is a unique approach to plush toys with sing-along capabilities designed for on-the-go fun. Each character is full of fun personality designed to encourage children to discover a love with music and singing.

Unique Logistics International Inc. (OTCMKTS:UNQL) stock was in action in the previous trading session as the stock ended down by 6.52% to $0.0215 with over 3.88 million shares traded hands, compared to its average volume of 3.96 million shares.  

The company has entered into a stock purchase agreement to acquire from Unique Logistics Holdings Limited, a Hong Kong corporation, all of Seller’s share capital in nine of Seller’s subsidiaries and affiliates. As consideration for the acquisition, the Company agreed to (i) pay the Seller $21,000,000 as cash consideration and (ii) issue to the Seller a $1,000,000 promissory note. The Acquired Companies are located in China, Hong Kong, India, Taiwan, the United Kingdom and Vietnam. They are all specialist logistics companies in their country of operations.

Himalaya Technologies Inc. (OTCMKTS:HMLA) stock was in action in the previous trading session as the stock ended down by 4.20% to $0.0048 with over 756K shares traded hands, compared to its average volume of 3.32 million shares.   

Himalaya Technologies, Inc., a development stage company, provides information services for the cannabis industry. It operates Kanab.Club, a social site for health and wellness products and services in the cannabis market. The company was formerly known as Homeland Resources Ltd. Himalaya Technologies, Inc. was incorporated in 2003 and is based in Chicago, Illinois.