Penny Stock Watchlist: KLYG, BTVWF, BGDFF, PENMF
The market for penny stocks is popular and attracts millions of investors every day. However, the number of penny stocks that may get trading action may not be as high, and hence, investors need to know which stocks may be on their radars. Here is a look at four such penny stocks:
Kelyniam Global Inc. (OTC:KLYG): Kelyniam Global Inc. is involved in the manufacturing of customized cranial implants, and on August 14, it announced its financial results for the half year that ended on June 30, 2023.
The company reported revenues of $1,147,045, which worked out to a drop of 21.9% from the $1,469,354 in revenues generated in the prior-year period. The gross margin came in at $871,510, compared to $1,186,419 in the first half of 2022. The operating losses for the quarter widened to $229,345 as opposed to $38,394 in the prior-year period. The Chief Executive Officer of the company, Ross Bjella, spoke about the performance as well.
He noted that unit sales for the first half of 2023 had been flat when compared to 2022. Additionally, he noted that the revenue figures were also affected by the timing related to the way the company calculated its revenue figure. However, he stated that the business remained solid underneath the numbers, and he said that everyone at the company was optimistic that sales would rebound in the second half of the year.
Bluesky Digital Assets Corp. (OTC:BTVWF) Last week, Bluesky Digital Assets Corp. made an announcement with regard to the fact that it had entered into and executed a number of debt settlement agreements. The company revealed that it had managed to settle the total of C$296,625 in secured debt that had been owed. The company settled those debts through the issuance of a total of 59,32500 common shares.
The company went on to note in its news release that the move would help it not only hold on to its cash but also take forward its artificial intelligence-related projects. Bluesky Digital Assets Corp. also noted that the settlement of the debt left it with a minuscule amount of debt on the balance sheet.
Barton Gold Holdings Limited (OTC:BGDFF) This morning, Barton Gold Holdings Limited announced that the regional seismic program at its Tarcoola Gold Project had been concluded. The program had been led by HiSeis, which is an industry leader in conducting such programs. In the news release, it was noted that 40 kilometers of geophones had been laid out in five lines, encompassing a zone of around 13 kilometers.
The zone, known as the Perseverance Zone, had been a prospect for repeats of high-grade gold and mineralized structures. Both heavy-duty and light-duty equipment had been used to generate a signal from the geophones. Alex Scanlon, the company’s Managing Director, noted that the gold project had a history stretching back 130 years for shallow, high-grade gold production.
Peninsula Energy Ltd. (OTC:PENMF) On August 14, Peninsula Energy Ltd. made a joint announcement with its fully owned subsidiary, Strata Energy Inc., with regard to an important wellfield development milestone at its Lance Projects located in Wyoming. The company announced that it completed the drilling as well as the installation of baseline water quality wells and the monitor for the future production area of Mine Unit 3. Wayne Heili, the company’s Chief Executive Officer, noted that the company continued to hit major milestones in its quest to eventually bring Lance Projects into production. He went on to note that more details would be shared by the end of August.