Penny Stocks To Watch Tuesday: GENH, NUGN, ZNOG, PUGE, ILUS, SBES

Following were the notable penny stock buzzers in the previous session on high volume. Keep an eye on these stocks this week.

If you are interested in nanocap stocks here is one you should look into

Generation Hemp (OTCMKTS:GENH) is a pure-play hemp stock operating in the midstream sector of the industry.  While most of the stocks below have cannabis components that add risk, this stock could be the best way to capitalize on the booming hemp market.

Generation Hemp (OTCMKTS:GENH) uses hemp hurd, the byproduct of hemp processing, as animal bedding, under its Rowdy Rooster brand. Studies have proven hemp hurd bedding as one of the most absorbent, non-acidic materials, with low dust. It inhibits the growth of bacteria and mold that animals may breathe in from those dusty competitors. 

Hemp hurd also absorbs 235% of its weight which is far better than the closest competition (55%).  That’s why GENH’s hurd is now being used to help keep garages clean through a partnership with well-known brand Gas Monkey, Generation Hemp will manufacture a spill absorbent, sourced from hemp hurd.

Generation Hemp Inc. (OTCMKTS:GENH) is also in the crypto mining business, showing just how versatile hemp can be.  GENH has partnered with Massachusetts-based Cryptech Solutions, the largest volume reseller of ASICS in North America, to build ‘green energy’ plants and Bitcoin mining farms that utilize hemp as the primary power source.  GENH announced the first bitcoin mining facility through a Joint Venture ‘JV’ to be installed at Generation Hemp’s  48,000 sq. foot facility in Hopkinsville, Kentucky, which also houses a hemp drying operation through its wholly-owned subsidiary GENH Halcyon Acquisition.

This plant will be able to generate 2 megawatts (‘MW’) which would allow for up to 576 mining units.  Assuming 100 TH/s per unit, GENH and Crypt Solutions would be able to generate $3.65 Million in Bitcoin revenues in 1 year of operations, assuming the price of Bitcoin doesn’t drop beyond its current low. 

NuGene International Inc. (OTCMKTS:NUGN) stock was in action in the previous trading session as the stock soared 33.33% at $0.12 with over 10.73 million shares traded hands, compared to its average volume of 2.71 million shares.

NuGene International, Inc. develops and markets customized skin care products in the United States. The company offers skincare products, such as universal cream, universal and eye serum, gel, and face wash products; and hair care products comprising regenerative shampoos and conditioners, and anti-hair loss serums. It is also involved in the research and formulation of a topical burn cream for the treatment of burns. The company offers its products to wholesale distributors, physicians, and consumers. NuGene International, Inc. is based in Irvine, California.

Zion Oil & Gas Inc. (OTCMKTS:ZNOG) stock was one of the notable active movers in previous trading session as the stock moved up 0.45% to $0.1326 with over 1.96 million shares traded hands, compared to its average volume of 3.69 million shares.

Zion Oil & Gas, Inc., together with its subsidiaries, operates as an oil and gas exploration company in Israel. The company holds a petroleum exploration license onshore Israel, the New Megiddo License 428 comprising an area of approximately 99,000 acres. Zion Oil & Gas, Inc. was incorporated in 2000 and is headquartered in Dallas, Texas.

Puget Technologies Inc. (OTCMKTS:PUGE) stock continued to trend lower on Monday. On Monday, the stock ended lower by 22% at $0.0018 with more than 156.40 million shares traded hands, compared to its average volume of 101.03 million shares.

Puget Technologies, Inc. does not have significant operations. Previously, it was engaged in the development and sale of personal 3D printers. The company was incorporated in 2010 and is based in Boca Raton, Florida. Puget Technologies, Inc. is a subsidiary of Qest Consulting Group, Inc.

ILUS International Inc. (OTCMKTS:ILUS) stock was seeing a range bound trading in the previous session as the stock fell 6%% to $0.1320. The stock traded 6 million shares, below its average volume of 14.94 million shares.

ILUS International Inc., a mergers and acquisitions company, focuses on acquiring and developing technology and manufacturing businesses worldwide. It primarily focuses on emergency services, and life safety and related technologies, such as emergency response vehicles, electric utility vehicles, specialist vehicle conversions, disruptive firefighting equipment, wearable technology, and related software solutions. The company was formerly known as Ilustrato Pictures International Inc. and changed its name to ILUS International Inc. in January 2021. ILUS International Inc. was founded in 2021 and is based in New York, New York.

South Beach Spirits Inc. (OTCMKTS:SBES) stock was seeing buying pressure in the previous session with a fall of 8 % to $0.0012. The stock traded 127.06 million shares, below its average volume of 86.058 million shares.

South Beach Spirits, Inc. focuses on development, manufacture, marketing, and sale of alcoholic beverages. The company was formerly known as CME Realty, Inc. and changed its name to South Beach Spirits, Inc. in September 2015. South Beach Spirits, Inc. was incorporated in 2012 and is based in West Palm Beach, Florida.