These 5 OTC Stocks Are Flying: RSTN, FLES, NICH, MDCE, GFTX
Following were the most active stock buzzers on Wednesday. Keep an eye on these stocks this week.
Nano-Cap Stocks Watchlist
Rogue One Inc. (OTCMKTS:ROAG) should be on investors’ watchlists. According to their last filings, there will be significant changes in assets and revenue reflected in their forthcoming 10Q. These changes will come due in part to their acquisition of Human Brands, a company that since 2015 has generated an average of 302% annual revenue growth and has increased its asset holding by 2000%. With a focus on the craft spirit industry, specifically tequila, a market forecasted to grow 46% to $14.70 billion USD by 2028 offering investors a 5.8% CAGR, this stock could have investors buzzing like ROAG’s consumers.
RDE Inc. (OTCMKTS:RSTN) stock continued to trend higher on Wednesday. On Wednesday, the stock was up 50% at $0.75 with more than 231k shares traded hands, compared to its average volume of 4K shares. Investors reacted positively after the company said that it has acquired GameIQ, developer of the Spindy cash rewards app. Spindy is a mobile app that delights customers with cash rewards and drives sales for businesses by engaging consumers through an entertaining gamified experience.
The stock has been under pressure over the past 6-month with a fall of 70% and recently made a new 52-week low of $0.39.
The 4Less Group Inc. (OTCMKTS:FLES) stock was in recovery mode as from the recent slump. The stock ended higher by 35.16% at $0.98 with over 138K shares traded hands, 7X its average volume of 286K shares. Over the past 52-week, the stock has been moving in a range of $0.7050 – 3.4000. The stock is trading below all the key moving averages with 20-Day MA and 50-Day moving averages $1.06 and $1.36 respectively.
Nitches Inc. (OTCMKTS:NICH) stock continued to trend higher on Wednesday. On Wednesday, the stock was up 23.55% to $0.32 with more than 495k shares traded hands, compared to its average volume of 190K shares. Investors rushed to buy the stock after the company formed a partnership with ShipBob, a leading global fulfillment platform for small and medium-sized ecommerce businesses.
The company will use ShipBob for fulfillment and delivery of its exclusive capsule collections that are designed with celebrities and influencers.
Medical Care Technologies Inc. (OTCMKTS:MDCE) stock another volume gainer in the previous session as the stock surged 15.74% to $0.0125 with over 6.6 million shares traded hands, compared to its average volume of 3.36 million shares. Over the past 52-week, the stock has been moving in a range of $0.0004 – 0.0300. Medical Care Technologies Inc., a development stage company, engages in opening and operating children’s integrated health and wellness centers in China.
Global Fiber Technologies Inc. (OTCMKTS:GFTX) stock continued to trend higher on Wednesday as the stock gained by another 13.24% at $0.0077 with over 8.86 million shares traded hands, compared to its average volume of 7.38 million shares. Over the past 52-week, the stock has been moving in a range of $0.0002 – 0.0171. Last week, the company’s subsidiary Authentic Heroes, Inc., had reached a definitive agreement with Maestro Entertainment, LLC., to create music driven opportunities.
