If investors do their research well then there are rich pickings to be found from among stocks which may be trading under 5 cents a share. On Tuesday there were a number of such stocks which had clocked significant gains and it may be a good idea for investors to take a closer look into it.
Sibannac Inc (OTC:SNNC) – The Nevada registered corporation was in the news this morning after it made an announcement with regard to its recent acquisition of Immersive Brand Concepts. That resulted in a strong rally in the Sibannac stock and it ended up with gains of as much as 58.82%.
The company noted that the acquisition was a major new milestone since it would help it in disrupting the alternative wellness market. Immersive Brand is a company that is involved in the product development and manufacturing space in the new-generation wellness industry.
Artificial Intelligence Tech Solutns Inc (OTCMKTS:AITX) stock has been showing volatile trade over the past few sessions. This morning the company filed the annual 10-K report. During the latest fiscal year, the net loss trimmed to $18.1 million compared to $62.2 million. RMR (Recurring Monthly Revenue) derived from device subscriptions, jumped 29% to $754,126 compared to $592,401. Moreover, In April of 2023 the Company crossed $100,000 in monthly recurring revenue for the first time (unaudited invoicing).
Solar Integrated Roofing Corp (OTC:SIRC) – Today, the Solar Integrated Roofing Corp stock was one of the prime movers in this category and ended up with gains of 10.53% amidst heavy focus. The company provided an update with regard to its binding letter of commitment with Tribeca Energy, a yet-to-be-formed entity backed by Neo Energy Storage Ltd and Global Fund LLC.
The company noted that Tribeca would consummate a merger by way of which it would be listed on either of NYSE or NASDAQ by the end of October 2023.
Defense Technologies International Corp (OTC:DTII) – Today Defense Technologies International Corp saw its stock end the day with gains of as much as 19.25%. The company announced on June 7 that it had roped in a new distributor in the form of SAFER SCHOOL TECHNOLOGIES, for the distribution of its products in the state of Texas.
SAFER SCHOOL is the latest addition to the company’s distribution network for the state.
AllStar Health Brands Inc (OTC:ALST)– This could well be one of the stocks to watch given the surging trading volumes. On May 31, AllStar Health Brands announced that it had inked a co-production agreement with the financing and television production company Entertainment Venture Group and Rob Rainford Inc.
The collaboration is meant for the continued production of the show ‘Hungry’ which is hosted by ‘Chef Rob Rainford’. Rainford had previously been the host of ‘License to Grill’.
Halberd Corporation (OTC:HALB) – On May 31, the company’s Chief Executive Officer provided a mid-quarter update. It was noted that the impacts and sample collection had been completed by Mississippi State University for Phase 1 of the preclinical model testing for its nasal spray, which is at a patent pending stage.
The spray is meant to mitigate the negative effects of traumatic brain injuries. Additionally, it was notified that Youngstown State University had been able to eradicate additional strains of antibiotic-resistant Candida auris by using the extracorporeal laser eradication methodology from Halberd.