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7 Penny Stocks to Watch Now: ELAB, RJDG, BTTC, ATCH, CBDW, and More!

09-25-2024 11:28 PM CET | Energy & Environment

Press release from: ABNewswire

7 Penny Stocks to Watch Now: ELAB, RJDG, BTTC, ATCH, CBDW,

These seven companies under ten cents are making waves across diverse sectors, offering promising opportunities for growth and shareholder value. Here's a breakdown of each:

Elevai Labs Inc. (NASDAQ: ELAB): recently closed an $8.0 million registered follow-on offering, reinforcing its strong position in the medical aesthetics market. The offering, consisting of over 28 million shares and pre-funded warrants, sets the stage for potential upward momentum as the stock attempts to reverse its decline from $0.31 to $0.10. With a focus on innovative skincare technologies and a recent infusion of capital, Elevai Labs is poised for a potential recovery and long-term growth.

RJD Green Inc. (OTC: RJDG): acquisition of JSI Interiors through its Silex Holdings subsidiary is expected to significantly boost revenue, leveraging JSI's strong contract base and fabrication capabilities. With projections of $3-4 million in the first year, Silex aims to build a sustainable annual revenue stream of $10 million. This acquisition is a strategic move that enhances RJDG's market presence, particularly in the construction and home improvement sectors, positioning the company for continued regional expansion.

Bitech Technologies Corporation (OTCQB: BTTC): As a leading player in the renewable energy sector, Bitech Technologies specializes in Battery Energy Storage Systems (BESS), crucial for grid stability and energy sustainability. With a solid foundation in smart energy solutions, including microgrids and EMS technology, BTTC is primed for expansion amid rising U.S. energy demands. The company's partnerships and innovative solutions create a strong platform for future growth in the clean energy sector, positioning BTTC as a key player in the transition to renewable energy.

AtlasClear Holdings, Inc. (NYSE American: ATCH): is focused on building an advanced financial services platform targeting small and middle-market firms. The company offers a cloud-based suite of products, including trade execution, risk management, and regulatory reporting. With a leadership team that has previously founded major financial firms like Penson Clearing, AtlasClear is well-positioned to capitalize on its experience and strategic partnerships with Wilson-Davis & Co. and Commercial Bancorp of Wyoming to deliver long-term value.

1606 Corp. (OTC: CBDW): has made a strategic move into AI-powered healthcare by acquiring a stake in Adnexus, an AI-driven drug discovery leader. This partnership is set to accelerate innovation, especially in treatments for infectious diseases such as HIV and SARS-CoV-2. With the global AI market projected to exceed $2.25 trillion by 2030, 1606 Corp. is positioning itself to capture significant market share in AI-driven healthcare solutions, offering potential for substantial growth.

Clifton Mining Company (OTC: CFTN): recently surged over 25% as investors turned to gold and precious metals amidst economic uncertainty. With a strong presence in gold, lead, and silver exploration on its 14,027-acre property along the Nevada-Utah border, Clifton is benefiting from rising metals prices. In addition, its joint venture with Desert Hawk Gold Corp. further strengthens its production capacity, making Clifton a solid pick for investors seeking exposure to precious metals during market volatility.

Gaensel Energy Group Inc. (OTC: GEGR): through its subsidiary ARCO Global Energy Group, is a front-runner in clean hydrogen technology. ARCO is developing zero-carbon hydrogen solutions using AEM electrolyzers and PEM fuel cell technology, essential components in the future hydrogen economy. With advanced storage and transmission capabilities, Gaensel is positioned to lead the shift toward a sustainable, zero-emission energy landscape, aligning with global clean energy initiatives and setting the stage for long-term growth.

These companies are leveraging cutting-edge technologies and strategic initiatives across various industries, setting themselves up for potential breakout performance. Keep an eye on these penny stocks as they navigate key growth opportunities!

Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors with a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TheStreetReports (TSR) is responsible for the production and distribution of this content."TSR" is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. "TSR" authors, contributors, or its agents, may be compensated for preparing research, video graphics, podcasts and editorial content. "TSR" has not been compensated to produce content related to "Any Companies" appearing herein. As part of that content, readers, subscribers, and everyone viewing this content are expected to read the full disclaimer in our website.

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