Penny Stocks Watchlist: CMUV, AQSZF, STTDF, NVAAF

One of the best ways to get a better idea of the direction of the market is to look into those stocks that may be on investors radars. That can be figured out by taking a look at the price action in certain stocks. Here is a quick look into some of the penny stocks that have been on the radar of investors lately.

CMUV Bancorp (OTC: CMUV) Announcements about dividends can often bring stocks onto the radar of investors, and hence, the company may well be worth looking into at this point. On August 18, it emerged that the Board of Directors of CMUV Bancorp, the parent company of Community Valley Bank, had approved a dividend.

The board approved a cash dividend of $0.10 per share for the third fiscal quarter. All shareholders on record as of September 8, 2023, would be entitled to the dividend, which would be paid out by the company on September 28, 2023.

Aequus Pharmaceuticals Inc. (OTC: AQSZF) This past Friday, the company came into focus after it announced that it had decided to pause the sales of its intensive get products and Evolve Extensive eye drop in the Canadian market. Aequus Pharmaceuticals Inc. announced that the United Kingdom-based manufacturer of the products, Medicom Healthcare, was working on switching its MDSAP provider.

The change had been triggered by the fact that the notifying body was unable to provide all the necessary worldwide certifications. Up until the process was completed, the company decided to stop the sale of the above-mentioned products in Canada. However, the company noted that it looked forward to returning to the Canadian market once the MDSAP certifications were attained. The company assured eye care professionals as well as patients that the product would return to the market soon. In the news release, Aequus Pharmaceuticals noted that it remained committed to its mission of delivering solutions that would boost the well-being of Canadian patients.

Standard Uranium Ltd. (OTC: STTDF) This past Friday, the company announced the appointment of a new president in the form of Sean Hillacre. Additionally, Standard Uranium Ltd. also provided a corporate update with regard to the expansion of the Sun Dog and Atlantic projects, which it owns in their entirety. Additionally, the company also revealed that it had expanded its portfolio, made up of projects of high prospect, through the staking of the Corvo Project. The project encompasses an area of 3711 hectares.

The Chief Executive Officer of the company, John Bey, spoke about the developments as well. He acknowledged that the summer had been challenging for junior uranium mining exploration firms and investors. However, he noted that the second half of the year could prove to be far better for the same entities. Hence, Standard Uranium has been working on building its portfolio in the meantime.

Nova Minerals Ltd. (OTC: NVAAF) This morning, the company could be in focus after it announced that it had continued to unlock the Estelle gold project through the start of a maiden drilling program. Nova Minerals Ltd. announced that the RPM-style train area, where the drilling would take place, would help in further growing the size of the 9.9 Moz gold resource that had already been established.

The company revealed that a maximum of 12 diamond holes would be drilled at some of the selected targets. The aim of drilling those holes would be to develop the inferred resource in the area by 2023. The company had already completed the RPM North and RPM South drilling, but assays were pending.

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