5 OTC Stocks To Boost Your Portfolio: BMXC, ABML, CYDY, XCPL, MSRT
Following were the notable penny stock buzzers in the previous session on high volume. Keep an eye on these stocks this week.
If you are interested in nanocap stocks here is one you should look into
Bemax Inc. (OTCMKTS:BMXC) is in the fast-growing online disposable diaper market that Grand View Research expects to reach $108 Billion by 2028. BMXC is exploiting a niche in the diaper market as most competition is primarily retail. Grand View sees its expansion at a CAGR of 3% through 2028.
A decade ago, ecommerce accounted for 8% of total retail purchases. Online sales now represent nearly 20% of spending through all channels. With 2020 being an anomaly consumer spending wise, comparing digital revenue in 2021 to 2019, online spending soared by 50.5%.
BMXC is positioning itself to grab sizeable market share by specializing in the direct-to-consumer distribution of high-quality disposable diapers.
American Battery Technology Company (OTCMKTS:ABML) stock was in action in the previous trading session as the stock ended up by 1.50% at $1.36 with over 3.41 million shares traded hands, compared to its average volume of 2.50 million shares.
American Battery Technology Company engages in the exploration, mining, extraction, and recycling of battery metals. The company owns 644 placer mining claims on approximately 12,880 acres in the Western Nevada Basin, located in Railroad Valley in Nye County, Nevada. It also owns a 120-acre parcel of private property with water rights, in the town of Currant, Nevada near Railroad Valley. The company was formerly known as American Battery Metals Corporation and changed its name to American Battery Technology Company in October 2021. American Battery Technology Company was founded in 2011 and is headquartered in Reno, Nevada.
CytoDyn Inc. (OTCMKTS:CYDY) stock was one of the notable active movers in previous trading session as the stock moved down 22.62% to $0.3675 with over 18.12 million shares traded hands, compared to its average volume of 3.21 million shares.
The company announced that the U.S. Food and Drug Administration (FDA) has placed a partial clinical hold on its HIV program and a full clinical hold on its COVID-19 program in the United States. Further, the Company elected to pause its Brazil COVID-19 trials pending results from its previously scheduled data safety monitoring committee meeting and is in the process of reevaluating the timing of its HIV BLA resubmission.
XCPCNL Business Services Corporation (OTCMKTS:XCPL) stock continued to trend higher on Thursday. On Thursday, the stock ended down by 16.17% at $0.0140 with more than 8.71 million shares traded hands, compared to its average volume of 2.69 million shares.
The company has partnered with XCPCNL to develop and execute a Strategic Sales and Marketing Program for its Viro Spectrum Shield and Montana Biotic brands that are relevant and impactful to potential customers and evaluate potential merger opportunities.
Greenwave Technology Solutions Inc. (OTCMKTS:MSRT) stock was seeing a range bound trading in the previous session as the stock gained 9.32% to $6.45. The stock traded 16.6K shares, below its average volume of 5.4K shares.
Greenwave Technology Solutions, Inc., through its subsidiary, Empire Services, Inc., operates metal recycling facilities in Virginia and North Carolina. The company, through its metal recycling facilities, collects, classifies, and processes raw scrap ferrous and nonferrous metals for recycling iron, steel, aluminum, copper, lead, stainless steel, and zinc. The company is involved in the purchasing and selling processed and unprocessed scrap metals to steel mills and other purchasers. The company was formerly known as MassRoots, Inc. Greenwave Technology Solutions, Inc. was founded in 2002 and is based in Denver, Colorado.
