While it is true that one needs a degree of risk tolerance to invest in penny stocks, it is also true that these stocks can sometimes generate oversized gains. However, investors need to conduct their research in order to discover penny stocks worth tracking. Here is a look at four penny stocks that may be worth watching at this point.
EV Biologics Corp. (OTC:YECO) On Monday, EV Biologics Corp. announced that it had appointed a new Corporate Finance Director in the form of William Bossung. In the news release from the company, Bossung’s vast experience as a long-time investment banker was noted. Over the course of five decades, he served as a director and dealt with companies listed on the New York Stock Exchange and NASDAQ.
Additionally, his credentials as a regulatory expert were also highlighted, and it was noted that he brought an in-depth knowledge of the finances of public companies as well as the mainboarding of listing processes. He would take charge of the corporate finance responsibilities at the company and take up the position of corporate secretary from Geoff Armstrong, the long-standing associate of EV Biologics Corp.
Daniel McKinney, the Chief Executive Officer of the company, noted that the appointment was a significant step since it filled a key leadership position in the company.
Galaxy Next Generation Inc. (OTC:GAXY) The interactive learning technology and school communications provider Galaxy Next Generation Inc. was in focus on Monday. The company announced yesterday that it would host a conference call on August 10, 2023, at 4 p.m. Eastern Time to provide a shareholder update. The Chief Financial Officer of the company, Magen McGahee, and the Chief Executive Officer, Gary LeCroy, would participate in a discussion with regard to the business developments and strategy of Galaxy Next Generation.
Additionally, the two executives would entertain questions from shareholders. The company’s distribution channel is made up of more than 22 resellers across the United States who are engaged in primarily selling its products in the educational and commercial markets.
American Power Group Corporation (OTC:APGI)—The dual fuel engine conversion technology leader American Power Group Corporation announced on August 7 its Title Sponsorship role of the National Star Route Mail Contractors Association’s (“NSRMCA”) 2023 National Convention. The event would take place from August 7 to August 10, 2023, at the JW Marriot in Washington, DC. NSRMCA is headquartered in Washington and represents in excess of 1700 fleet operators who are contracted with the United States Postal Service.
These fleet operators provide highway transportation for the United States Postal Service. The Chief Executive Officer of the company, Chuck Coppa, would also make a presentation on August 8 from 3 to 15 p.m. His presentation is titled “Turning Back The Carbon Clock on Class 8 Trucks Using American Power Group’s Dual Fuel Solution.” He would provide a closer look into a practical and proven alternative fuel solution to the fleet operators in attendance.
Barton Gold Holdings Limited (OTC:BGDFF) On Monday, Barton Gold Holdings Limited confirmed that a key regional seismic program had been initiated at the Tarcoola Gold Project in association with HiSeis, an industry leader. The Managing Director of the company, Alex Scanlon, noted that the new program was a continuation of the company’s approach toward building a new geological model in the region with an exciting cluster of priority targets.
He went on to note that the best targets are expected to be drilled at some point towards the end of 2023 and would continue up until 2024.