5 Penny Stocks To Watch: VKIN, DIGP, MWXRF, XDSL, AVTBF, POSAF

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

Viking Energy Group (OTCMKTS:VKIN) may be one of the best ways to play skyrocketing energy prices.   VKIN  has proven oil and gas assets valued at over $96 million located in North America in Kansas, Missouri, Texas, Louisiana, and Mississippi.  VKIN’s oil & gas holdings aren’t something the company speaks about regularly because it is focused on several ESG initiatives, which are covered below.   However, the fact is VKIN’s assets are increasing in value rapidly and the market has yet to factor that in, which is one reason to like the company.

Viking Energy (OTCMKTS:VKIN) is unique in that not only will its oil & gas assets rise in value; but its several diversified green energy subsidiaries will also benefit as rising oil prices push people toward green alternatives.  These include a Green biodiesel production facility and a carbon capture technology.  Other products in the company’s green portfolio include a medical waste treatment technology and a newly acquired Electric grid optimization technology that allows for retrofitting.

Digipath Inc. (OTCMKTS:DIGP) stock was in action in the previous trading session as the stock gained 1.27% to $0.0240 with over 195K shares traded hands, compared to its average volume of 197K shares.

The company announced that it has received approval of their recent validation to test for Aspergillus using free DNA removal. This AOAC approved test allows Digipath Labs to determine if the Aspergillus found on cannabis and hemp products is alive.

Mineworx Technologies Ltd. (OTCMKTS:MWXRF) stock was one of the notable active movers in previous trading session as the stock fell 5.70% at $0.0631 with over 107K shares traded hands, compared to its average volume of 56K shares.

Mineworx Technologies announced that the company has completed all initial system checks and procedures for its catalytic converter pilot plant in Johnson City, Tennessee. Water testing protocols through the entire system have been completed while checking for system leaks and areas of weakness in the pipes and fittings. All new components are performing as per specifications and all safety and operational protocols are in place.

mPhase Technologies Inc. (OTCMKTS:XDSL) stock continued to trend lower on Thursday. On Thursday, the stock soared 12.50% to $0.0450 with more than 754K shares traded hands, compared to its average volume of 347K shares.

The company announced that it has signed a purchase order with Shelly Electric Co., Inc. for two 120KW level 3 DC fast chargers for a Pennsylvania-based Ford dealership. The Company is excited to participate in the first phase of this charger installation, which is also expected to include level 2 chargers in the future.

Avant Brands Inc. (OTCMKTS:AVTBF) stock was one of the most active stock buzzers. The stock moved up 10% to $0.22 with 728K share traded hands, compared to its average volume of 225K shares.

The company announced today that it is introducing a series of new cannabis cultivars to the Canadian market. Avant currently holds approximately 80 cultivars in its genetics library and has been selectively introducing these cultivars to Canadian consumers. These unique cultivars originate from some of the most renowned breeders in North America, that, to the Company’s knowledge, are not otherwise legally available in Canada.

POSaBIT Systems Corporation (OTCMKTS:POSAF) stock continued to trend in a range on Thursday. On Thursday, the stock moved down 5.50% to $0.9550 with more than 78K shares traded hands, compared to its average volume of 89K.

The company announced that technical issues on its earnings call, for the fourth quarter and full year ended December 31, 2021, restricted the ability to ask questions. As a result, the company will host a conference call and live webcast on Tuesday, May 3, 2022, at 4:30 p.m. Eastern Time with Stansberry Research.


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