Penny Stocks to Watch: MDMP, FGCO, GMPR, ASTA, MSRM

Those who invest in penny stocks need to have a degree of tolerance for both risk and volatility. However, the long-term payoff can sometimes be significant. This feature would provide you with a quick look into penny stocks that could be worth tracking at this point in time.

MDM Permian Inc. (OTC:MDMP) Yesterday, the company unveiled some of the latest developments, which highlighted its commitment to further growth. MDM Permian Inc. announced that, under the guidance of its new management, it had been successful in securing considerable working interests in certain assets. The company went on to note that the development helped it further consolidate its position in the competitive energy industry.

The President and Chief Executive Officer of the company, Mark T. Warner, spoke about the development. He said that the company acquired more than 4300 acres in production formations, and that also indicated the MDM Permian’s commitment to acquiring assets that could bring in considerable revenues.

One of the acquisitions made by the company was a working interest of 55% in a 3700-acre oil and gas lease situated in the East Texas basin. The lease is made up of 14 wells and would be subject to complete reworking. The company also picked up a working interest of 28.125% and the net revenue interest in a gas lease spanning 685.46 acres in the Pulaxy formation located in the East Texas basin.

Financial Gravity Companies Inc. (OTC:MDMP) On August 23, the company announced that it had welcomed a new family office director in the form of William Stevens. In the news release from Financial Gravity Companies Inc. on Wednesday, the company noted that Stevens’ skills were not limited to basic tax skills. His skills were tied to more astute planning so that the clients ended up paying less in taxes.

The clients in question had also noticed that he was not only involved in recording history but also in providing them with effective guidance with regard to financial planning and investing. In his new role as the Family Office Director, he would be in charge of providing advanced tax-related solutions and making sure that his partners delivered those solutions as per his devised plans. Stevens would be depending on the partners at Financial Gravity to deliver the services at lower costs, higher diversification, higher tax efficiencies, and better management of risks.

Gourmet Provisions International Corporation (OTC:MDMP) Yesterday, the company announced that Jose Madrid Salsa “The Healthy Fundraiser”, a fully owned subsidiary of the company, would be sold in all 32 Sedano’s supermarkets located in Florida. It was noted in the news release that a demo team belonging to Gourmet Provisions International Corporation had traveled to the Southern Florida-based headquarters of Sedano’s in South Florida. At the demo, the management group of Sedano’s sampled the eight popular Jose Madrid Salsa flavors and enjoyed them.

The management team at Sedano’s seemed to have been impressed with the demo. Soon after, it agreed to offer all eight gourmet salsa flavors and also provide it with customs displays in all its locations across Florida. The business development head of Gourmet Provisions, Duane L. Audo, noted that since Sedano’s started carrying the company’s pancake mix in February 2023, it had been a pleasure to work with the supermarket chain. He went on to add that Sedano’s had been looking to expand its salsa offerings.

Astra Veda Corporation (OTC:MDMP) The company, which is well-known for its expertise in launching start-ups with disruptive value, was in focus on Wednesday. Astra Veda Corporation announced that it had entered into a partnership with an industry leader known for providing passive fire protection and healthcare compliance.

The strategic collaboration between the two entities is expected to lead to the launch of ‘TraXus’, a SaaS (software as a service) platform that has been created for the purpose of meeting the specific needs of the healthcare compliance and passive fire protection sectors. The distinguished partner in the venture is based out of New England, and in the news release, it was pointed out that it was known for its partnership portfolio.

Mushrooms Inc. (OTC:MDMP): On August 23, the company was in focus after it unveiled its newly established Business Development Team. The team had been developed by Mushrooms Inc. for the purpose of leveraging the expertise of its new technology and innovation lab development.

The professionals who are part of the development are from diverse backgrounds and are made up of four professionals. They are Dr. Reid Jilek, Alicia M. Fantozzi, David Flores, and Dr. Hyder Khoja. The company director, Donald Steinberg, called it a major new milestone and went on to note that as Mushrooms Inc. continued to make progress in the sector, the business development team would help deliver strong growth.