Penny Stock Gainers after News: DSGT, BERI, ILST, EELFF, HYSR

The fact that stocks move either way on the back of material news is a phenomenon that is as old as the stock markets themselves. In recent times, there have been a number of penny stocks which had made strong upward moves on the back of specific news. Here is a look at five such stocks which may be worth tracking.

DSG Global Inc (OTC:DSGT) – On Tuesday, the DSG Global Inc stock was in the middle of a strong rally and ended up with gains of as much as 13% amidst significant interest. Yesterday, the company’s fully owned subsidiary unit Vantage Tag Systems announced that two 36-hole golf facilities had selected its Vantage Infinity as their GPS Fleet Management System. It was revealed that the Infinity 10” HD GPS Fleet management system had been selected for the myriad operations of Mijas Golf Club in Spain and Odessa Country Club in Texas, United States. The selection had been made after thorough due diligence had been completed.

The Odessa Country Club offers a 36-hole facility in West Texas and also hosts a PGA Sectional Event. Mijas Golf Club is located at the famous Costa del Sol in South Spain and had been designed as a high-end 36-hole course by Robert Trent Jones Jr. The Vantage Infinity product had been introduced in the second quarter of the year. It also offers the singular feature of being orientable. That implies that it can be mounted on a steering wheel or on the roof mount depending on the preferences of the operator.

Blue Earth Resources Inc (OTC: BERI) – Following a significant new announcement yesterday, the company’s stock went on a strong rally and ended up clocking gains of 12%. On Tuesday, Blue Earth Resources Inc along with its fully owned subsidiaries Fuel Trader Resource Management and Fuel Trader Supply, jointly announced the launch of the first BP-branded retail location at Le Vergne, Tennessee. The location spans an area of a 5590-square-foot building and offers as many as 16 fuelling positions.

Additionally, there is Mexican food and New York-style deli offerings at the site. La Vergne is a city in Rutherford County in the state and has a population of 40000. It is situated in the Nashville Metropolitan area.

The company is currently operating under the BP Branded Jobber Contract since June last year and that provided Blue Earth Resources with a 10-year supply agreement for around 1.44 million gallons a year. The company’s Chief Executive Officer Scott M Boruff noted that everyone at the company was thrilled at the opening of the new location, which had been a long time coming. He went on to note that the opening of the first location is always the most challenging since it involves construction, gaining permits, and finally the launch.

International Star Inc (OTC: ILST) – It was one of the notable penny stocks to have moved yesterday and ended up with gains of as much as 9% following a significant announcement. Yesterday, International Star Inc, which is regarded as a pioneer in integrating the cannabis and entertainment industries, revealed that it had clocked record-shattering sales in the second fiscal quarter of 2023.

During the quarter, the royalty-eligible sales generated by the company soared to $1,400,000. The performance was an indication of the company’s growth in the intellectual property sectors and also underlined its strong presence in the highly competitive worldwide cannabis industry.

However, it was also a vindication of the unique business model that International Star launched. The company provides exclusive joint ventures to entertainment properties that are recognized worldwide and then allows them to develop and market its product lines. Dan Rubin, the Chief Executive Officer of Budding Equity, the operational unit of International Star, spoke about the latest performance. He noted that the results were a reflection of the dedication of the company towards collaboration, robust business models, and innovation. He went on to note that the unique fusion of pop culture and cannabis products allowed it to corner a diverse consumer base.

ENRG Elements Limited (OTC: EELFF) – Following a major new announcement from the company on Tuesday, the ENRG Elements Limited stock was another notable penny stock mover and delivered gains of 13% for the day. The company announced yesterday that it had been awarded the Tarouadji 2 exploration permit for the Tarouadji area, which is largely unexplored. The area is situated in the Agadez region in Niger. The property is supposed to be prospective for tin materials and lithium. Additionally, the permission also marked a significant rise in the land holding position of ENRG Elements Limited in the region. It covers an area of 499.7 square kilometers.

The project had been initially started back in 1969 by N Mikhailoff through geological mapping and surface sampling. It should be noted that the region also offers the world’s biggest rain dykes and the hosting had also managed to identify pegmatitic intrusions. The company also noted that it was in the process of taking up a verification of the historic sample results which had discovered tin and lithium anomalies. In due course, ENRG Elements Limited would provide a report in line with the JORC Code 2012.

SunHydrogen Inc (OTC: HYSR) – The company, credited for having come up with path-breaking technology for producing renewable hydrogen through the use of sunlight and water, was on the radars of investors yesterday. SunHydrogen Inc announce yesterday that it had gone into a memorandum of understanding with COTEC for exploring the optimization and development of industrial electroplating solutions for its semiconductor deposition, which is a major constituent of its nanoparticle technology.

The announcement came as a boost for the SunHydrogen stock, which ended up with gains of as much as 5% for the day. COTEC is based out of South Korea and is a major player in electrochemical and electroplating processes. It has worked with high-profile clients like Airbus and Boeing among others.