While regular market stocks may increase 2 or 3 percent over a week, penny stocks can do 100 times that in days. Trading penny stocks can lead to extremely high profits which is why they are so appealing. It’s also convenient that one of the top penny stock trading apps, Robinhood, gives access to a number of biotech stocks. Unfortunately for Robinhood traders, this one stock isn’t available on the platform because it is an OTC penny stock.
The Big Jump For This Penny Stock: Natural Health Farm Holdings (NHEL)
Natural Health Farm Holdings (NHEL Stock Chart) is a nutritional consultation service company based in Nevada. In addition, the company has over 100 locations located in several countries. The biotech penny stock rose from $0.072 to $0.345 from May 16 to May 22. The movement started after the company failed to acquire Biodelta and in turn received $160,000 in cash back. Although the news initially sounded bad, the cash return was positive for the company.
Furthermore, on May 17, the company continued its upward momentum thanks to the appointment of a new CFO. Tee Chuen Hau’s appointment comes with 10 years of experience in business strategy and consulting. He has worked for both private and public firms across several industries.
Potential For More?
Sometimes when trading penny stocks they can quickly jump and then die down. Could Natural Health Farm Holdings have the potential for more? The company released its Q1 financials and their 3-month numbers show growth. Their revenues shot up 140.2%, gross profit increased 213.7%, and their assets year-over-year increased by 309%.
“Over this past year, we have worked tirelessly to acquire and bring together several companies with the goal of building NHEL into a complete vertically integrated nutraceutical powerhouse. During the first quarter of 2019 following the audit and financial consolidation of the Prema Life deal, these strategic acquisitions have now begun to positively impact our financial statements with record revenues, gross profits, and assets.”Vernon Tee,CEO of Natural Health Farm Holdings