3 OTC Stocks Poised To Bounce: ABQQ, EPAZ, HEMP
Stocks which may be on the recovery path can often deliver strong gains to investors and hence, it is perhaps not the worst strategy to hunt for such stocks which might be on the verge of a bounce back. This article deals with those stocks listed on the over the counter market which may be on the verge of making such a comeback. Here is a quick look at the three stocks.
AB International Group Corp (OTCMKTS:ABQQ): The company is involved in the intellectual property, licensing and film investment. While it is true that there has not been much news about the company this month so far, AB International Group did make a key announcement back on January 24, 2022. The company announced at the time that it had signed up an agreement with a buyer based out of Hong Kong for its three films, ‘Confusion’, ‘Our Treasures’ and ‘Love Over The World’.
The sale has been made for broadcast rights in the massive mainland China market. AB International got $1.8 million in the form of cash for this transaction. It goes without saying that it was a significant announcement from the company and one that could propel the company to new highs in the coming years.
The stock was down 27.95% to close at $0.0165 on Wednesday with more than 8.26 million shares traded hands, compared to its average volume of 2.45 million shares.
The next one in line is Epazz Inc (OTCMKTS:EPAZ), which is involved in some of the more new age industries like metaverse, blockchain cryptocurrency mobile applications and cloud powered enterprise software.
As it happens, the company was actually in the news back on February 2, 2022 when it announced that DeskFlex Metaverse Virtual Office, its software technology arm, was working on the development of virtual clinics that could revolutionise the world of telemedicine. It was a major announcement from the company and one that could be tracked closely by investors over the coming months.
The stock was down 3% to close at $0.0101 on Wednesday with more than 5.91 million shares traded hands, compared to its average volume of 9.03 million shares.
Hemp Inc (OTCMKTS:HEMP): The hemp sector has grown by leaps and bounds in the past few years and one of the companies which has been at the forefront in that regard is Hemp Inc. The company has been working on a range of projects in the industrial hemp industry and on Wednesday, it made a key announcement.
Hemp Inc announced that its Alaska baby hemp pilot initiative has hit full speed due to the permission that had been granted by the federal government. It is now probably a good idea to keep an eye on how the whole thing progresses.
The stock ended flat at $0.0018 on Wednesday with more than 47.01 million shares traded hands, compared to its average volume of 61.87 million shares.
