Today’s Best Penny Stock Bets: CRTL, PVSP, WTRV, GCCO
One of the things that investors need to remember with regard to success in the stock market is the fact that it is absolutely imperative to be abreast with the news and the latest developments. Stocks move one way or another generally due to the sort of news that emerges about a company or an industry at large. This article is going to provide you with a quick look into some companies which have been in the news lately and may be worth looking into for investors who are on the hunt for new stocks to track.
Cartel Blue Inc (OTCMKTS:CRTL) – While the tobacco and nicotine industry goes through major upheavals; there is another corner of the tobacco industry that may be ripe for disruption. It is the cigar industry. It is an industry that may not have a lot of players at this point but one company is trying to take on the established players and that is Cartel Blue Inc. The company is best known for having developed indoor-grown hemp-based boutique hand-rolled cigars in Nashville. However, it is perhaps more important to point out that Cartel Blue has already managed to generate orders to the tune of as much as $527,000. However, that is not all. For the latter part of 2022 and up until the early days of 2023, the total valuation of the orders stands at $137,500.
On the other hand, the company also announced recently that it was going to have its online launch at some point in December this year. The company currently has its hemp cultivation operation in Nashville, Tennessee and the cigar hand-rolling segment of the production is conducted out of Fort Lauderdale, Florida. The cigars are plant based and free of nicotine, which may well prove to be a unique selling point. It is an industry that is currently valued at as much as $7.4 billion.
Pervasip Corp (OTCMKTS: PVSP) – Pervasip Corp, which is involved in technologies and companies in high-value emerging markets, was in the news yesterday after it announced its financial results for the third fiscal quarter. The company managed to bring in revenues to the tune of $4,342,561 for the quarter and that proved to be a higher figure than the revenues in the previous quarter, which stood at $3,684,433.
White River Energy Corp (OTCMKTS: WTRV) – Yesterday, White River Energy Corp was in the news after it made a significant new announcement with regard to its stock. The company announced that the Financial Industry Regulatory Authority or FINRA had given the nod for changing its ticker symbol from WTRV to FRTM. Trading commenced under the new ticker symbol yesterday.
Garden City Company (OTCMKTS: GCCO) – Last but not least, it is Garden City Company that ought to be on the radars of investors after it provided a key update yesterday. The company announced the result of the meeting of shareholders that was held on October 17, 2022. All the existing directors had been reelected at the meeting.
