Penny Stocks on Radar: GXXY, GOGY, HALB, IMUC

All investors like to make multi-bagger returns, and there is always the possibility of making outsized returns with penny stocks. While a degree of risk tolerance is necessary, those who conduct thorough research stand a better chance of discovering penny stocks worth tracking. This feature would provide a look into penny stocks, which may be on the radar of investors presently.

Galexxy Holdings Inc. (OTC:GXXY) Yesterday, the company hit the news cycle after it provided an outline of its revenue growth strategy for 2023. Galexxy Holdings Inc. provided specific details about the projected revenues. It announced that it expected revenues of $7.5 million in the first full year of product supply from its 100%-owned Wellbeing Farms.

Additionally, the company revealed that it had targeted revenues of $10 million in the first six months from its 60%-owned Galexxy LLC. It should be noted that Galexxy LLC boasts a number of silent partners who already made commitments to join the launch prior to the announcement of the enrollment dates.

The company also revealed that it expected to earn $3 million after the first full year of trading from its 100%-owned VendGenie. VendGenie is involved in the import of customized smart vending kiosks from one of the world’s biggest kiosk makers. Lastly, its 69%-owned ABC Holdings LLC is currently generating revenues of $1.1 million in AVALOO sales.

Golden Grail Technology Corp. (OTC: GOGY) The beverage company announced yesterday that it had roped in a new distribution partner in the form of Maverick Distribution. Golden Grail Technology Corp. announced that Maverick would be responsible for the distribution of Spider Energy in Nebraska. It would also handle the distribution work related to Sway Energy, Cause Water, and KOZ Water. Maverick is a family-owned business with more than 75 years of wholesale distribution experience.

The Chief Revenue Officer of the company, Russ Kaffenberger, spoke about the development as well. He noted that Maverick had been a highly effective partner for many of its other brands in the Midwest. He went on to state that everyone at the company was happy about the possibility of Spider Energy becoming a part of Maverick’s distribution channel. Spider Energy contains 240 mg of caffeine, taurine, a range of B vitamins, and other ingredients that boost energy. In the past six months, Golden Grail Technology has expanded its retail network considerably.

Halberd Corporation (OTC: HALB) On Wednesday, the company announced that research at Mississippi State University had managed to display a significant reduction in two major markers of traumatic brain injury pertaining to its nasal spray.

Halberd Corporation’s nasal spray is meant to mitigate the effects of traumatic brain injury, and the researchers made the discovery in early testing. The anecdotal data that had been gleamed in preliminary testing revealed a reduction in neuron-specific enolase by as much as 20% and a reduction in glial fibrillary acid protein by half when compared to the control group.

EOM Pharmaceutical Holdings Inc. (OTC: IMUC) Yesterday, the company was in focus after it announced the results from the completed clinical trial of its product, EOM 613, in hospitalized COVID-19 patients with severe symptoms. The product from EOM Pharmaceutical Holdings Inc. is an investigational immune-related drug. The trial in question had been conducted by the company in Brazil.

The exploratory Phase 12 A clinical trial was an open-label proof-of-concept study that evaluated the tolerability, safety, and preliminary efficacy measures of the product. The study was conducted at four different medical centers situated in Goaia and Sao Paulo.

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