4 Popular OTC Penny Stocks To Watch Right Now
When it comes to penny stocks, most people are familiar with the Over The Counter Exchange or “OTC” Exchange. It’s this exchange where some of the most active trading in stocks under $5 happens. If you look at some of the figures from the last few months, you’ll see what I mean.
OTC Trading Volumes Are Surging
Billions of dollars in the volume are traded daily in OTC stocks. Not all OTC’s fall under the definition of penny stocks either. Needless to say, when it comes to cheap stocks, this exchange is where you’ll find a vast majority. The earliest of early-stage or emerging growth companies list on this exchange to gain access to public markets.
Some are creating a brand new idea while others are gaining exposure to foreign markets. With the latter, this is where you’ll see symbols with an F or a Y at the end to show this type of designation. Though there’ plenty of risks involved, the rewards can be just as remarkable.
Take, for instance, companies like Paltalk (NASDAQ:PALT). Earlier this year, it was trading on the OTC Exchange below $2. Fast-forward a few months, Paltalk announces its plan to uplist, and now it has become one of the more active penny stocks (now former) to watch. In this article, we’ll look at 4 OTC penny stocks with recent updates and market activity. Each is involved in at least one of the trending sectors in the stock market today and could be ones to watch for October. As an aside, if you’re also looking for penny stocks under $1, at least three names meet that criteria right now.
Penny Stocks To Watch
- Alpha Esports Tech (OTC:APETF) (CSE:ALPA)
- Solar Integrated Roofing (OTC:SIRC)
- American Battery Metals Corp. (OTC: ABML)
- High Wire Networks (OTC:SGSI)
1. Alpha Esports Tech (OTC:APETF) (CSE:ALPA)
One of the industries that’ve begun gaining attention is esports and entertainment. Other than the apparent interest in professional video gaming, there are plenty of different facets attracting attention. They include the use of cryptocurrency, the opportunities for gambling, and myriad monetization potential via marketing and in-game advertising, among other things.
Alpha Esports is a newer entrant into the esports arena (no pun intended). Instead of solely focusing on setting up competitions, it has taken a much broader approach and has attracted attention from some big names.
At its core, the company is focused on data capture through building its userbase. Centered around its GamerzArena platform, Alpha has previously said that it has over 100,000 active users in a rapidly growing ecosystem. The company has also reported working with names in sports, entertainment, and education, including The New Jersey Devils, The Vancouver Whitecaps, Barstool Sports, ESPN Radio, and recently became the Official Online Gaming Portal of Nets Gaming Crew, the NBA 2K League affiliate of the Brooklyn Nets providing Alpha the opportunity to directly connect with NetsGC’s network of fans and the NBA 2K League community.
Notable Updates From Alpha Esports
The last few weeks have been very active for the company. It signed a definitive agreement to acquire Heavy Chips Casino and Sports Betting from Gamesoft Ltd. The C$300,000 deal allows Alpha to access Heavy Chips’ 240,000+ registered players, 800+ casino games, and more than 5,000 sports betting opportunities daily. The company also inked a deal with a subsidiary of Nasdaq-listed Entertainment Group (NASDAQ:GMBL), EEG Labs.
Adding to this flow of milestones, Alpha announced an exclusive partnership with The Recreation and Park Commission for the Parish of East Baton Rouge. This deal sees Alpha and BREC add another gaming and promotion arrangement to add to Alpha’s existing roster of previous deals. The companies will also carry out a revenue split for sponsorships and referral payouts for new GamerzArena+ subscribers. Thanks to these recent updates, Alpha could be one of the names to know heading into the second half of October.
2. Solar Integrated Roofing (OTC:SIRC)
One of the penny stocks we’ve discussed throughout the year is Solar Integrated Roofing. The company provides solar-related and green energy-related solutions. These include everything from solar power roofing systems to electric vehicle charging stations. Similar to Alpha, Solar Integrated has also focused on expanding its footprint and growing via new relationships. Earlier this month, the company signed a partnership deal with Healixa.
The two now have a letter of intent where Solar Integrated will supply solar panels for Healixa’s Global Aquaduct clean water technology device. What you need to know is that according to Solar Integrated, the deal has an expected near-term potential addressable opportunity of $90 million.
Notable Updates From Solar Integrated
While new deals are great for emerging companies, so too is progress in the stock market, and here’s what I mean. As October began, Solar Integrated dropped a headline that hinted at one of the exciting parts of watching OTC penny stocks. The company announced the engagement of a strategic advisory firm. One of the purposes for this engagement was specifically for uplisting plans.
“Given the Company’s significant developments over the past year, we are at an exciting inflection point and felt the need to retain an established and well respected corporate advisory firm with a veteran presence, to assist the company with this next phase of its evolution,” explained CEO David Massey. With that, SIRC stock has become one of the names to know as the market awaits further updates on this proposed uplisting effort.
3. American Battery Metals Corp. (OTC: ABML)
Green energy is a trend to keep track of. Thanks to global initiatives to curb greenhouse gasses and fight climate change, low and no-carbon emissions are a clear goal of many companies. American Battery Metals Corp. is part of the electric vehicle ecosystem, among other supply chains. The company is building a platform to supply lower-cost battery metals that have a lower impact on the environment. Its divisions include lithium-ion battery recycling, battery metal extraction, and primary resources development.
The US infrastructure bill could play a supporting role in American Battery’s growth outlook. Furthermore, the company has also made strides to expand its presence in Nevada. It recently secured over 6,000 acres for its lithium resource claims in the state. This included 305 unpatented lode mining claims. The company also reported a financing round for over $39 million at $1.54 per share. The significance of this financing beyond the price per share is that according to CEO Ryan Melsert, it “more than fully finances the construction and commissioning of” the commercial demonstration plant.
Recent Updates From American Battery Metals
Earlier this year, American Battery Metals applied to list on the Nasdaq exchange. While the market awaits more details on its progress, that same update related to the financing has also shed a bit more light on things, in my opinion. The company explained that the capital “comes from a great partner at a pricing structure expected of a company with plans to be a Nasdaq listed security” and that “this financing will further strengthen its position.”
4. High Wire Networks (OTC:SGSI)
Another one of the OTC penny stocks we’ve discussed frequently is High Wire Networks. Earlier this year, the company went public through a merger with Spectrum Global Solutions (another communications network provider). It develops communications networks, including wireless, cabling, infrastructure, and electrical systems. They also provide security services aimed at address today’s growing need for new cybersecurity offerings.
The company’s recently launched Overwatch Ransomware Kill Switch product has brought some attention to SGSI stock. This is the company’s solution for business-grade protection from ransomware attacks. High Wire also reported a multi-million dollar technology solutions contract win from a tier 1 network services provider this week. According to the company, the value of the contract is estimated to be $4.8 million to 7 million for the first year.
Recent Updates From High Wire
This is yet another one of the OTC penny stocks talking about uplisting to a major exchange. Late last month, High Wire announced that it is bringing on a new Executive VP of Finance. The reason for this, according to the company, is to accelerate its uplist to the NASDAQ. In another instance of a proposed OTC-to-Nasdaq uplisting, excitement tends to build. SGSI stock has become one of the latest on the growing list of penny stocks on the OTC to watch right now.
Are Penny Stocks Worth It?
Whether you’re looking for OTC penny stocks to buy or just a few stocks under $5 to watch, don’t forget the basics. First, yes, there’s risk involved with any investment, which can be heightened when it comes to cheap stocks. Second, make sure you understand how to trade. Jumping in head-first isn’t a strategy. There are ways to successfully and consistently trade lower-priced stocks for profit. In the end, the goal is the same: make money and repeat the process. Determining whether penny stocks are worth it or not has a lot to do with the ability to find opportunities, research companies, and understand how to use that information to profit.
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