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.
Northwest Biotherapeutics Inc. (OTCMKTS:NWBO) stock was in action in the previous trading session as the stock ended lower by 0.04% to $0.9650 with over 2.26 million shares traded hands, compared to its average volume of 1.42 million shares.
Northwest Biotherapeutics, Inc., a biotechnology company, develops personalized immune therapies for cancer in the United States and internationally. The company develops its products based on DCVax, a platform technology that uses activated dendritic cells to mobilize a patient’s own immune system to attack cancer. Its lead product, DCVax-L, which has completed Phase III clinical trials to treat Glioblastoma multiforme brain cancer. The company also develops DCVax-Direct, which is in Phase I/II clinical trials to treat inoperable solid tumors. The company was founded in 1996 and is headquartered in Bethesda, Maryland.
ILUS International Inc. (OTCMKTS:ILUS) stock was one of the notable active movers in previous trading session as the stock gained 2.38% at $0.1334 with over 5.95 million shares traded hands, compared to its average volume of 14.16 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.
Eco-Tek Group Inc. (OTCMKTS:ETEK) stock continued to trend lower on Tuesday. On Tuesday, the stock ended flat at $0.0032 with more than 70 million shares traded hands, compared to its average volume of 51.56 million shares.
Eco-Tek Group, Inc. manufactures and distributes synthetic lubricants, filtration systems, and other products in North America. The company offers synthetic base motor oil, fuel treatment products, engine flush products, synthetic oil stabilizers, bypass and magnetic oil filtration products, hand cleaners, and non-toxic lubricants
Trans Global Group Inc. (OTCMKTS:TGGI) stock was one of the most active stock buzzers. The stock fell 8% to $0.0124 with 30.94 million share traded hands, compared to its average volume of 43.57 million shares.
Trans Global Group, Inc. focuses on effecting a merger or acquisition with an unidentified company. The company operates as an investment company that plans to acquire companies in the liquor industry in China. Previously, it was engaged in the general construction, and renewable and solar energy sector. The company is headquartered in Shenzhen, China.
Kona Gold Beverage Inc. (OTCMKTS:KGKG) stock continued to trend down on Tuesday. On Tuesday, the stock fell 12.50% to $0.0133 with more than 38.68 million shares traded hands, compared to its average volume of 37.71 million shares.
Kona Gold Beverage, Inc. develops and sells hemp and cannabidiol (CBD) products in the functional beverage and fitness markets in the United States. The company operates through two segments, Beverages and Distribution.