Stock markets continue to fluctuate near their all-time highs as the US economic recovery is marching on. At the end of last week, the OTCQX Composite index, which tracks over 400 OTC stocks, updated the record high when breaking above 1,670 points before the correction of this week.
OTC stocks follow the general bullishness of the stock market, with many companies reporting better than expected Q2 results. Meanwhile, the US economy is showing robust signs of recovery, with the GDP returning to pre-pandemic level.
Even though many investors are worried about the spread of COVID-19’s Delta variant, most economists agree that businesses will adapt to the new conditions, as the government will avoid full-scale restrictions.
Despite the recent correction, the stock market is poised to expand its growth following the massive stimulus from the Fed and the US government.
Ross Mayfield, investment strategist at Baird in Louisville, said:
“We’re starting to build this kind of cocktail, where you got the spread of the Delta variant, geopolitical and domestic political tensions, as well as kind of the Fed pulling back on some of their monetary policy. All together, and with a market that’s right around near all time highs, there’s reason for some volatility and choppiness and even a minor correction in the next couple of months.”
All in all, this is a great time to invest in OTC stocks, as they can provide massive returns that most blue chips cannot deliver.
OTC MARKETS THE PLACE TO BE
There are many good OTC stocks that can boost your portfolio’s value in the long term. For investors, we preach the key to trading hot OTC stocks is finding momentum BEFORE it happens and then be patient.
We alert our subscribers with our best ideas before our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here.
If you watch the Insider Financial YouTube channel, you can get a sense of the ideal time to book profits. We warned our subscribers not to get greedy or get caught up in the diamond hands/paper hands BS.
We also recommend you own a portfolio of OTC stocks. For some, that can be as many as 10 to 20 or more OTC stocks. This provides diversification and allows one to manage the market’s moods much easier. It also helps to own shares in the following 4 trending OTC stocks gaining momentum.
In this article, we look at 4 OTC stocks to watch that will greatly reward patient investors. They are Astra Veda Corporation (OTCPK: ASTA), AXP Energy Limited (ASX: AXP, OTCPK: AUNXF), Buyer Group International, Inc (OTCPK: BYRG), and CGrowth Capital, Inc (OTCPK: CGRA).
OTC Stocks to Watch #1 ASTA
Astra Veda Corporation is on the verge of skyrocketing if it manages to move on according to its plans. This is one of the restructured companies looking to become Pink Current, which might bring great opportunities for penny stock investors. ASTA rose over 50% since last week and has managed to triple its share price since the end of July, currently trading above one cent, which is a record level for the company.
The $65 million company focuses on inventing, accelerating, and promoting technical innovations, software applications, data security products, and services. ASTA grows disruptive technology companies that deliver brilliant market performance and success for its investors, employees, and business partners.
ASTA has a team of experienced executives and entrepreneurs that have worked in multiple domains, including media and entertainment, healthcare, real estate, construction, and US government special programs.
ASTA got its new name and ticker last year. Previously, the company was known as WorldFlix, Inc (WRFX).
Last week, ASTA said that its OTCIQ application had been approved by the OTC Markets Group. The company’s draft OTC Markets disclosure is currently reviewed by a highly qualified Certified Public Accountant (CPA), then will be reviewed by a designated attorney to fulfill the requirement of Attorney Letter with respect to current information.
ASTA has three main ventures:
- Paranotek LLC – an innovation company focused on developing mobile apps and licensing robust technologies that increase personal and corporate information privacy through breakthrough advancements in encryption. Paranotek has developed a disruptive and future-proof encryption technology called Parano, which can be integrated into existing software and apps for everyday life.
- Punchzee is a joint venture development effort between Paranotek and a group of private investors. It represents a data-driven project management and team communication platform for the construction industry, property management companies and home developers and inspectors. The venture currently manages over 100,000 critical life, safety and fire certification and inspection tasks for companies throughout the eastern US.
- Sayphr Messages – an instant messaging app with all the typical features of a premium messenger with the added bonus of unbreakable security. To ensure the best possible security for users’ communication, Sayphr Messaging uses the Parano protocol, a unique end-to-end encryption protocol that makes Sayphr currently the only quantum computer-resistant messenger app.
ASTA is seeking to get its Parano Protocol patented. It represents a quantum computing resistant encryption that was developed by CTO and co-Founder Lauri Tunnela.
If this $ASTA patent gets approved we are going to .50 overnight. "Paranotek has consistently stated it is working towards getting a Quantum Computing Resistant Encryption patent through the United States Patent Office (USPTO). "$CYBL $NSAV $KYNChttps://t.co/hBaQ7h2F7m pic.twitter.com/RwW05HllQG
— Austin Investments (@StockTraitors) August 11, 2021
With its unique privacy technology, ASTA is poised to expand rapidly, especially thanks to its messaging app. This company is really onto something, and you have the chance to become an early investor and benefit from the potential long-term bull run.
Recently, a group of investors released a due diligence report on ASTA, sharing their high expectations of this OTC stock.
OTC Stocks to Watch #2 AUNXF
AXP Energy Limited has been on the rise this month, after moving within a horizontal channel near $0.003 since the end of May. The OTC has gained over 200% during the last five days alone and is currently trading at $0.015. It almost touched two pennies on Wednesday, which remains the highest level in four years.
The Pink Current company is operating in the oil and gas sector by acquiring and developing mineral prospective areas and explore them for oil and gas in the US. In a way, its operations are similar to that of 88 Energy (OTCPK: EEENF), which is one of our favorite OTC stocks.
Investors have been excited since Monday, when AUNXF, which also trades on the Australia Stock Exchange (ASX), halted trading on the Australian market because of “pending a further announcement.” Usually, the rules in Australia require small companies to halt trading when major news is about to affect the stock price. Investors speculated about a potential merger or acquisition, although none of that has been announced yet.
$AUNXF voluntary suspension of securities trading (of listed shares)on the ASX (aussie market)
Pending an agreement of heads of securities. This means major partnership is in the works. American markets get to take advantage. Happy trading. pic.twitter.com/Tq4kKZ2PZi
— Thad Caltagirone (@Jude_11) August 17, 2021
Instead, last Friday, Elite Mining Inc. (EMI) announced that it had signed a Heads of Agreement (HOA) with AUNXF to establish in-situ power generation for the large and growing cryptocurrency mining sector in the US. Elite acquires, installs, and maintains mining hardware to mine digital currencies using immersion technology and the lowest 2% renewable energy costs in the US. The hardware equipment is submerged in EMI’s proprietary liquid-cooled Immersion Mining Pods, which are placed within a 28-foot Elite Mobile Unit (EMU) to optimize performance and improve energy efficiency.
AUNXF is providing the energy source in the form of stranded gas from its Pathfinder Field in Colorado, all associated gas gathering infrastructure and will also provide site control and maintenance services from its site office in Florence, Colorado.
The partnership enables EMI to scale quickly to meet the growing demand of their US-based clients and deploy their state-of-the-art immersion-cooling mobile units used for the mining of cryptocurrency by utilizing the energy supplied by AXP. The US is the second-biggest mining destination in the world, accounting for nearly 17% of the world’s cryptocurrency mining operations as of April 2021. This is a 151% increase from September 2020.
EMI’s executive VP J.D. Wambold said:
“Our partnership with AXP allows us to keep up with the incredible demand for our .0397 cent immersion hosting. With this demand also comes a fiduciary responsibility to our shareholders and clients, who are both aligned with our goal to deploy over 200 MW of immersion hosting within the United States next year. In order to achieve this level of growth, we are doubling our manufacturing capabilities with a new facility in Wyoming this fall.”
It may be that AUNXF halted trading in Australia to announce this partnership that had been revealed by EMI itself. Still, we don’t know whether AUNXF has additional substantial news to announce, although this is enough to be bullish about the OTC stock.
On August 9, the company confirmed that month-on-month revenue increased at a fast pace, as the company saw record net revenue of A$1.8 million for July.
AXP Energy is pleased to confirm that month-on-month revenue continues to steadily increase with the Company recording net revenue (being revenue after royalties) of A$1.8M1 for July 2021. To read more: https://t.co/ZSMTEZfQ1o #oil #gas #energy $AXP $AUNXF #ASX #investing #news pic.twitter.com/wn7NC2NEYr
— AXP Energy Limited (@AXP_Energy) August 9, 2021
With its three revenue streams, which are oil, gas, and NGL, we think AUNFX is positioned to grow its business in the coming year thanks to new contracts and partnerships. With no debt and reverse split plans, this is a good OTC stock to hold in your portfolio.
— Per My Last Email (@Noted_Thanks_) August 16, 2021
OTC Stocks to Watch #3 BYRG
Buyer Group International, Inc is another company that has recently updated its YTD high. The OTC stock has increased by about 30% during the last five days and is trading at $0.011, which is the highest level in almost a decade.
BYRG is promoting itself as a development stage company targeting acquisition opportunities in the commodities space with recurring revenue streams to maximize shareholder value.
The company is seeking to become Pink Current to gain the trust of investors. The company has already obtained the Pink Limited Information badge after shared the quarterly report and the Attorney Letter earlier this month.
Recently we released our 2019, 2020, & Q1 2021 Financials/Disclosures. This successfully moved the company to “Pink Limited Information Tier”.
— Buyer Group International, Inc. (@buyergroupinc) August 16, 2021
While BYRG is about to become Pink Current soon, it’s still a riskier bet. The company has been managed by the same team that couldn’t take it to another level for about a decade, even though it released substantial announcements and updates on several occasions. It remains to be seen whether BYRG can prove that it has meaningful operations.
We will be updating our subscribers once we have more info on BYRG!
OTC Stocks to Watch #4 CGRA
Yet another OTC company focused on natural resources is CGrowth Capital, Inc, which has increased by almost 70% during the last month. The OTC stock is currently trading at $0.0156. On Tuesday, it has updated the YTD high after breaking above two cents. Thus, the share price hit the highest level since the beginning of 2017.
The Pink Current company, with only a $9 million market cap, provides diverse services and capital resources designed to build value from the mining, minerals, and natural resource industries in the US. CGRA focuses on acquiring or claiming land assets that contain valuable minerals and natural resources, then providing management support and logistical services necessary for the successful execution of ore mining, mineral processing, and oil and gas recovery.
CGRA expects to build value by providing reserves, as well as providing processing through its joint venture partners, subsidiaries, and future processing plant(s).
On top of that, the company is engaged in evaluating opportunities in the hemp and legalized cannabis sectors. It currently operates the following subsidiaries:
- Powder River Resources, Inc (oil and gas) – it operates an over 3,000-acre oil and gas field in Wyoming.
- Chewelah Properties, LLC (real estate) – it operates a 47-acre warehouse facility in Stevens County, Washington.
- Deer Trail Mines, LLC (minerals and mining) – this is a non-active company overseeing a mining operation with a 40-acre parcel and 1,000 acres adjoining leases containing silver, gold, and other precious metals.
- CGrowth Capital Bond, Ltd (financial) – an issuer of bonds in the UK for the purpose of making loans to companies contained in its offering.
- CG Capital, Inc (financial / business investment) – it was established to facilitate investment into domestic opportunities.
- Nutrilife Health and Wellness, Inc (consumer products) – it was established to facilitate transactions within the CBD and Hemp markets.
On Wednesday, CGRA shared a business update and strategic planning announcement, saying that it will stay focused on expansion plans of its Washington state cannabis facility, securing necessary growth funding, and making progress on its’ NutriLife CBD business launch.
The company included in its business development plans the inclusion of strategic partners and the production of Delta-8 products. Delta-8 is a naturally occurring cannabinoid and derived from hemp, but unlike Delta-9 (THC), it is legalized in the 2018 Farm Bill and is not prohibited under federal law.
CGRA said that certain non-performing foreign and domestic assets would be divested to reduce our overall debt load and exposure to market fluctuation. The moves will pave the way for efficient auditing and reporting.
Any transformation period might provide great opportunities for investors, and CGRA is an OTC stock you should keep an eye on. With only 500 million authorized shares and with outstanding shares standing at 491 million, this might be a lucrative penny stock investment.
✅Seems like assets increased
✅More news on the way
✅Up-listing is a possibility
✅Good traders on it
✅Wildfire Cannabis Company with $600k+ in revenue since January. That means $CGRA gets roughly 50% of that.
Do the math 😉 pic.twitter.com/r4MiOBLpVy
— EC Green Days (@ecgreendays) August 17, 2021
THE FINAL NOTE
All of the 4 OTC stocks discussed today are on the rise and are good stocks to hold. Nevertheless, our best advice is to be patient and enter the market during corrections. Buying dips and selling rips as swing trades remains the best strategy in the penny stock market. Still, whenever an OTC stock is in the middle of a bull run, we recommend our subscribers to book profits.
It’s very important to eye OTC 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 OTC stocks to succeed 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.