Penny Stocks on Radar: HYSR, ADHC, DLMI, TREP

Penny stocks can often attract frenetic trading on some days, while other penny stocks may not attract much attention. Hence, it might be important for investors to keep an eye on those penny stocks that may actually be on their radar. This article will provide you with a look at four such penny stocks.

SunHydrogen Inc. (OTC:HYSR) The company is credited with having developed the path-breaking technology for producing renewable hydrogen through the deployment of water and sunlight. Yesterday, SunHydrogen Inc.’s Chief Executive Officer, Tim Young, provided an update to the shareholders through a letter. He noted that its technology had consistently hit commercially viable levels at the lab scale.

Hence, SunHydrogen signed a Memorandum of Understanding with COTEC for reproducing its lab-scale work through the deployment of industrial electroplating processes. It was further revealed that the initial exploration phase with COTEC could be completed by December 31, 2023. The CEO went on to note that its technology had also been recognized by the 7th Energy Research Program of the Government of Germany, which brought in $3.1 million in funding meant for Project NanoPEC. During the current fiscal year, the company also made a major investment in TECO 2030, based out of Norway, which is involved in heavy industries and maritime sector-related zero-emission technology.

American Diversified Holdings Corp. (OTC: ADHC) The company was in the news on Tuesday after it announced that Andrew Birnbaum had been appointed as its permanent chief executive officer. It should be noted that prior to the appointment, he had served as the interim CEO of American Diversified Holdings Corp. for 90 days. The company noted in its press release that since Birnbaum held considerable experience as a public company CEO, it could potentially provide it with significant credibility and greater success.

The company operates in the form of a holding company, and hence it is always on the lookout for more opportunities. The new CEO would play an active role in scouting for those opportunities and helping to create higher value for the shareholders. In his statement, Birnbaum thanked the efforts that had been put in by the former chairman and CEO of the company, Ernest Remo. He went on to state that he would be committed to trying his best to provide value and leadership to the shareholders.

Diamond Lake Minerals Inc. (OTC: DLMI) Yesterday, the company announced that it had made a major change in its leadership by welcoming a new Chief Executive Officer in the form of Brian J. Esposito. Additionally, Diamond Lake Minerals Inc. also announced that it was going to release a new company logo and mark.

Esposito is a known business leader and entrepreneur, which is why he would bring a track record of success to his new role. He would be expected to drive innovation and growth for the company. He had also been ranked among the top 10 CEOs in the world in The World CEO Rankings for 2020, 2021, and 2022 by Adria Management LLC.

Trucept Inc. (OTC: TREP) On August 29, the company hit the news cycle after it announced that it had appointed Viola Williams as its new Director of Sales Operations. In its new release, Trucept Inc. noted that Williams was a veteran of the insurance industry and had worked in most positions, starting from entry-level ones to more key ones.

During the course of her career, she also mentored in excess of 300 new agents. Williams had also managed her own successful insurance agency, which demonstrated her expertise in the industry and her entrepreneurial abilities.

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