Penny Stocks In News: CFGX, IDGC, RMTO, BYRG, APHLF

Over the course of the past few trading days, there have been a number of penny stocks that have come onto the radars of investors in a big way. More often than not it came about because those penny stocks had been in the news. Here is a quick look at some of the penny stocks which could now be worth looking into a bit more closely.

Capital Financial Global Inc (OTC:CFGX) – It is a specialty finance company that is best known for providing loan advisory and asset-backed financing services. On July 14 the company Capital Financial Global Inc had come into the news cycle after it announced that it had made plans to restructure its board of directors for the purpose of meeting the requirements for oversight and independence of national stock exchanges like the New York Stock Exchange and NASDAQ.

 Paul Edward Norat, the Chief Executive Officer of the company, spoke about the development as well. He noted that the management was entirely committed to meeting the highest levels of corporate governance and believed that the restructuring of the board was going to be one of the vital steps.

It would help the company’s operations to be further aligned with the requirements demanded by the major exchanges. He went on to add that such a move would mark a major step in the company’s quest to evolve as an entity and also indicated its goal of being at the same level as some of the most respected organizations in its industry. The changes are aimed at bringing the Capital Financial Global board in compliance with the independence standards of the national exchanges.

IDGlobal Corp (OTC:IDGC) – This past Friday there were a number of companies that had made significant announcements and one of those wasIDGlobal Corp. The company announced that it completed the acquisition of the artificial intelligence firm QHP Corporation and then came up with a key corporate update.

The company revealed that in the uber-competitive corporate landscape, companies are looking into all options to improve their operations. QHY provides AI-Driven Business Optimization and uses artificial intelligence to take care of a range of operational difficulties. It can not only automate regular tasks but also encourages data-based decision-making processes.

QHP uses advanced Robotic Process Automation (RPA) technologies for the purpose of automating repetitive tasks in an organization. It uses software robots, which not only refine processes, minimize inaccuracies and make the best use of resources. This procedure not only boosts productivity but also helps in cutting costs and allows any company to allocate its human resources to more important strategic tasks.

Since the process provides an accurate representation of the costs of automation, it becomes easier for companies to find out their return on capital far more accurately. The powerful artificial intelligence product provides comprehensive cost evaluation and the team behind it are experienced artificial intelligence experts, who work closely with the clients.

RM2 International Inc (OTC:RMTO) – The company is an established operator in the logistics and pallet pooling industries. On July 14 RM2 International Inc came into the news cycle after it announced that it had gone into a strategic partnership with the firm Orion Infrastructures Capital. The partnership would be aimed at expanding the pallet pooling fleet at RM2 International Inc in order to support the higher consumer demand.

The investment had been made through the Credit Opportunities Fund III at Orion Infrastructures Capital and it would contribute an additional $150 million in order to expand the company’s pallet pooling operations.

RM2 International has developed its proprietary and trackable composite pallet as part of a multi-year contracted leasing model for customers all over North America. The company’s pallet offers an alternative to regular pallets which are cost effective.

Concurrently, these pallets also enhance the efficiencies of the supply chain and also boost the safety and environmental profile of the logistics operations of its customers. The Chief Executive Officer of RM2 International, Kevin Mazula, spoke about the latest development as well. He noted that there was considerable delight at the company with regard to the announcement of the strategic partnership with Orion Infrastructures.

Buyer Group International Inc (OTC:BYRG) – Last Friday the company had come into the news cycle after it came up with the latest XRF results from the Shambhala Project, its flagship project. Buyer Group International Inc announced that during the exploration season in 2022, the company had been successful in gathering high-grade XRF data from the Shambhala number 71 tailings, outcroppings, and adit. The latest report was actually focussed on the Joker Mine region and that also included the tailings, mine, shaft house, and cabins. The company also noted that it had advanced the objectives for the purpose of determining the extent of mineralization in the region.

The Chief Executive Officer of Buyer Group International announced that everyone at the company was pleased with the continued consistency of the high-grade results from the Joker Mine. He went on to note that the company had been successful in intercepting high-grade cobalt, palladium, rhodium, and other minerals. The Shambhala project is made up of 84 lode claims.

Alpha Lithium Corp (OTC:APHLF) – This past Friday the company came into prime focus after it announced that it had submitted and filed the final NI 43-101 Preliminary Economic Assessment  (PEA) on SEDAR with an effective date of July 4, 2023.  The entire report had been published under the company’s profile on the SEDAR website and would also be made available on the corporate website.

The PEA is meant for providing an independent economic assessment of the possible value of the Tolillar property. That was based on the lithium resources that had been revealed in the mineral resource estimate published in September last year. It should be noted that Tolillar is one of the biggest, independent, and fully owned lithium brine salars in the world at this point. Once the technical work is concluded it could become even bigger.