Today, one needs to be quick to take profits and go where the opportunities are. For us and our subscribers here at Insider Financial, that means trading both OTC and Nasdaq stocks.
Our subscribers have plenty of opportunities in OTC, Nasdaq, and NYSE penny stocks with low floats, news, and a significant short position.
Smart investors know that if you want to make the big money off a small account, the place to be is in penny stocks. There are many good penny stocks that can boost your portfolio’s value in the long term. We preach the key to trading penny stocks for investors is finding momentum BEFORE it happens and ahead of the crowd.
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In this article, we take a look at 4 hot penny stocks that can do well in the following weeks. They are DatChat, Inc (NASDAQ: DATS), Hycroft Mining Holding Corporation (OTCPK: NASDAQ), Icoa Inc (OTCPK: ICOA), and Net Savings Link Inc (OTCPK: NSAV).
HOT PENNY STOCKS #1 DATS
DatChat, Inc is making some bold attempts to reverse the downtrend and potentially break above its recent record peak. DATS landed on NASDAQ last year at less than $4 and hit the $15 mark in mid-October. Since then, it has lost momentum and bottomed out on March 15 at $1.40.
DATS is a communication software company that develops mobile messaging applications. It offers DatChat Messenger & Private Social Network, a mobile application that gives users the ability to communicate with privacy and protection. It also develops a blockchain-based decentralized communications platform that allows consumers and businesses to connect directly with each other.
Recently, the $50 million company decided to tap into the metaverse and non-fungible tokens (NFTs) trends, which may provide new opportunities for investors.
On Monday, DATS announced that it was about to launch the VenVūū metaverse advertising and NFT monetization platform, catching investors’ attention. DatChat also opened pre-sale registration for its new VenVūū Dynamic Content NFT on the VenVūū.io website.
VenVūū is an advertising platform that allows metaverse landowners and brands to connect using DatChat’s proprietary patented and patent-pending technology. The platform provides metaverse landowners an easy and consolidated way to monetize their holdings by supporting paid ad campaigns. Brands will have the ability to run campaigns across the NFT advertising network that target the land parcels they want to reach, simultaneously across multiple metaverses.
DatChat CEO Darin Myman said:
“We believe this to be a landmark moment for the Metaverse, as it is the first simple solution allowing users to monetize their metaverse parcels while enabling brands a broad reach in the metaverse. Each VenVūū Dynamic NFT is a unique NFT like owning your own multi-media outlet that you own and control in ‘Your World’. Not only will this create unique opportunities for supporters of DatChat, but will also be a significant contributor to our company’s ability to grow our top-line.”
Initially, campaigns will consist of video or static ads but anticipate expanding the type of media formats supported to include 3D images, virtual product placements, and wearables later in 2022. Users can begin minting starting from April 26, 2022, on the VenVūū website using either a crypto wallet or credit card.
Unfortunately, the website doesn’t show any visual samples of the upcoming metaverse, but investors are still excited about the launch. The bullish narrative may gain traction during the next weeks as the platform goes live, so $2.5 is still a good entry price.
HOT PENNY STOCKS #2 HYMC
Hycroft Mining Holding Corporation is on fire. The NASDAQ-listed stock has exploded 800% this month alone, doubling its price since last week. At the end of February, the US-based gold miner was trading at 30 cents and few investors were looking at it. On Tuesday, HYMC extended the rally to hit $2.76, the highest since July last year, becoming a $300 million company. During the last two weeks, the stock has experienced the most intense activity since its public debut in 2018.
In a surprising move, movie-theater chain AMC Entertainment Holdings announced that it had purchased a 22% stake in HYMC, as it planned to tap into the gold mining business.
AMC’s CEO Adam Aron tweeted that it was a bold diversification move.
AMC is playing on offense again with a bold diversification move. We just purchased 22% of Hycroft Mining (NASDAQ: HYMC) of northern Nevada. It has 15 million ounces of gold resources! And 600 million ounces of silver resources! Our expertise to help them bolster their liquidity. pic.twitter.com/LihqZguwnd
— Adam Aron (@CEOAdam) March 15, 2022
At the same time, Canadian billionaire Eric Sprott, a gold and silver investor, also made an investment in Hycroft equal to AMC. The company said in a press release:
“Combined, AMC and Mr. Sprott are investing $56 million, which will help Hycroft considerably lengthen its financial runway. With its investment, AMC has been granted the right to appoint a representative to the Hycroft Board of Directors.”
Besides the appointment to the Board, AMC will receive an additional 23.4 million warrants in Hycroft at $1.07 per share, a premium price compared to the $.3 quotation at the time of the announcement.
— Hycroft Mining (@HycroftMining) March 25, 2022
Given the difference in businesses, many investors were quite surprised, yet Adam Aron sees potential in it.
HYMC was already gaining some popularity among retail investors, with the stock being often mentioned on Reddit and other social media channels. AMC decided to offer a financial lifeline to the troubled company, also because the CEOs of the two companies have known each other for years.
Before the AMC’s investment, Hycroft, which owns a mine in Northern Nevada, was actually close to bankruptcy. Now, it plans to raise up to $500 million by selling shares in the open market over time. While such a goal is unusual for companies in trouble, HYCM’s meme stock status is making it possible. Adam Aron said AMC raised a $1.8 billion “war chest” last year thanks to the support of retail investors.
On Friday, HYMC announced that it had completed its previously disclosed “at-the-market” equity offering program, which was designed to provide for the offer and sale, from time to time, of shares of its Class A common stock. Through the ATM Program, Hycroft sold 89,553,584 Shares and generated aggregate gross proceeds before commissions and offering expenses of approximately $138.6 million. Following consummation of all sales under the ATM Program, Hycroft will have 196,803,459 Shares issued and outstanding.
HYCM President and CEO Diane Garrett said:
“We are extremely pleased with this successful financing which places the company on solid footing to advance the Hycroft Mine as well as opening up additional opportunities for the company. Thanks to the significant and timely equity private placement announced March 15, 2022, with Eric Sprott and AMC Entertainment Inc., combined with the ATM equity program completed today, our financial position is significantly strengthened allowing us to reduce our debt and extend repayment to 2027. Raising gross cash proceeds of $194.4 million changes the dynamics of the company, expanding our ability to properly and diligently develop the Hycroft Mine, including a robust exploration program, and to further unlock the value of this world-class asset. We welcome our new shareholders to the company and look forward to updating you with ongoing developments.”
While HYMC’s meme stock status automatically makes a speculative bet, it’s worthy of attention. You should keep an eye on social media activity to monitor the sentiment and follow us here at Insider Financial to find the right entry and the next hot meme stocks.
HOT PENNY STOCKS #3 ICOA
Icoa Inc has gained 15% during the last five sessions, but it’s still 15% down over the month. The Pink Current stock currently trades at $0.0085. The last time when we covered ICOA back in February of this year, it was trading near $0.006. Earlier this month, it broke above $0.011. The largest timeframes reveal a triangle pattern, with bulls waiting for the right moment to break above its resistance and eventually consolidate well above the two-penny mark.
ICOA is a former broadband internet provider that transformed into a fintech company. In 2021, the company went through a reorganization process to adopt a new direction and business plan. Meanwhile, the company has secured the Pink Current status and canceled billions of shares, resulting in today’s great share structure.
The $50 million company started its new journey by acquiring iBG Finance, which it promotes as the world’s first and only insured DeFi project. The transaction was valued at $185 million. Next, it purchased BGBF, South East Asia’s first insured Bitcoin Fund, in a $240 million deal closed in December.
In January of this year, ICOA signed a Memorandum of Understanding (MOU) with several artists, including Martha Sáenz, to collaborate on a new non-fungible token (NFT) platform that ICOA is co-developing with industry experts.
ICOA is also planning to enter the metaverse space through a partnership and a launchpad, according to its latest roadmap update released last week.
About three weeks ago, ICOA released its revenue projects for this and the next few years. According to its estimates based on today’s four businesses (BGBF, iBG, ICOA NFT, and the ad platform), the company expects total revenue of over $35 million and a net income of over $12 million for the fiscal year 2022. The indicators will grow by 60% on average every year. In 2026, ICOA expects revenue of over $165 million and net income of over $80 million.
We think ICOA is a great stock, as it focuses on blockchain, DeFi, NFTs, and the metaverse, which are the fastest-growing trends right now. Also, it has a great share structure, and the company pledged no dilution.
You know the best part about $ICOA when it runs? It’s the fact that the management hasn’t diluted one single share ever since they got PC. This is extremely rare in the OTC. You’ll most of the time see some dilution when there’s volume but with ICOA that has NEVER been the case pic.twitter.com/Z1hqoLkzPY
— YEG-Trades 🐂🔥 (@yeg_trades) March 28, 2022
HOT PENNY STOCKS #4 NSAV
Net Savings Link Inc is another crypto play that is performing even better than ICOA. The Pink Current stock has added over 40% over the week, trading at $0.021, the highest since mid-February. If it manages to break above the February high, it will open the door to the next resistance at three pennies, which is the highest since January.
NSAV is also trying to break from a triangle pattern that has been around for months.
In August of last year, the stock saw an impressive rally that propelled it to $0.15. We recommended buying NSAV exactly one year ago, which could have helped our readers secure generous profits.
NSAV has a complex crypto ecosystem that comprises a premium OTC crypto trading desk, which was launched in September, VirtuaBroker, a crypto investment platform powered by AI and offering a full range of trading services, including portfolio management and price search function, and its proprietary crypto exchange aimed at retail traders, which holds the NSAV brand name.
NSAV is led by NSAV Director, Yuen Wong, who is also the CEO of LABS Group Limited – the world’s first end-to-end blockchain-powered real estate investment ecosystem. He is also a managing partner at Bitmart, a crypto exchange with 2+ million users worldwide and ranked on CoinMarketCap.
At the end of 2021, NSAV also acquired a 40% stake in Hong Kong premium OTC crypto trading desk HKOTC.CO, which is one of Hong Kong’s most popular OTC crypto trading services, with over a dozen of strategic crypto and blockchain partners, including Binance, Huobi, ZB.com, and BW.com.
Besides everything, the company is also into NFTs, metaverse, crypto mining, and DeFi, as it runs its proprietary DEX (NSAVDEX) and token NSBC (NSAV Blockchain)
Last week, NSAV, in collaboration with Metaverse Network LLC (MNC), announced that launch HIVE, the world’s first blockchain home mining device able to mine multiple tokens https://hive.codes/. The HIVE App version 2.0 has a Crypto Store, similar to the Apple App Store, where users can select a cryptocurrency listed in the Crypto Store and then subscribe to mine crypto in their HOME HIVE.
— HillBilly (@HillBil83582893) March 28, 2022
WY Cheung, CEO of MNC, commented:
“We are in talks with additional BTC and ETH physical mining farms, which are now planning to algorithmicize their hash rate and map it into the HIVE soon and expand our DECENTRALIZED ECOsystem This innovative Home Mining breakthrough will eventually be the new standard in the next level of Blockchain Ecology.”
Earlier this month, the company finally launched its NFT marketplace securing its place in the $25 billion global NFT market, which is expected to reach $80 billion by 2025. The platform is not the final version. Upgrades and improvements will be made on a daily basis over the coming weeks, as well as listing additional NFTs to the marketplace. The NSAV NFT Marketplace is a joint partnership with Vagabond https://vagabondapp.io/.
NSAV is a $100 million company, but it’s still undervalued. With so many operations that attract increasingly more users, NSAV is one step closer to uplisting on to NASDAQ.
THE FINAL NOTE
Now is a great opportunity to invest in top penny stocks with great potential. Our job is to identify the best penny stocks with strong fundamentals and let our subscribers pick the ones they like to build a well-diversified portfolio.
Buying dips and selling rips as swing trades remains the best strategy in the stock market. Still, whenever a hot stock is in the middle of a bull run, we recommend our subscribers to book profits.
It’s very important to eye penny stocks that have room for growth and have yet to make their explosive move. There are plenty of opportunities, and we take our time to monitor hundreds of penny stocks to buy each week, trying to find the best alerts for our subscribers.
Remember, all you need is one or two penny stocks to run in order to crush the market averages.
As always, good luck to all (except the shorts)!
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Disclosure: We have no position in any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.