Currently the market is displaying a high fluctuation of activity most notably with stocks trading under $3 such as Progressive Care Inc. (OTCMKTS:RXMD), Enviro-Serv Inc (OTCMKTS:EVSV), Capnia Inc (NASDAQ:CAPN), Calissio Resources Group Inc (OTCMKTS:CRGP). With these penny stocks it leaves the possibility for an investor to see profitable gains with minimal risk for max return. As an investor it is very important to thoroughly analyze any company upon investing.
Calissio Resources Group, Inc. (OTCMKTS:CRGP) targets new discoveries of copper resources on its Jovita mining property. CRGP is a business that collects and creates base metals projects out in Mexico. At one time CRGP was identified as Amarium Technologies Inc. and eventually altered the name to Calissio Resources Group, Inc. They recently announced that the Company has retired 77,250,000 shares of its common stock after a share buy back, which in turn tightens up the company’s share structure.
Capina, Inc. (NASDAQ:CAPN) creates diagnostics stemming from its proprietary technology for precision metering of gas flow mostly within the United States. At the end of July, Capina, Inc. announced that it had entered into a common stock purchase agreement with Aspire Capital Fund, LLC. Under the new agreement, Capnia has the right to sell up to $10 million in value of its common stock to Aspire Capital, subject to certain terms and conditions, over a two-year period. This is a crucial step for Capina because it will allow the Company to obtain the necessary funding for new projects.
Enviro-Serv Inc. (OTCMKTS:EVSV) is a company that offers property maintenance services within the United States. EVSV’s subsidiary is set up to provide lawn/landscape maintenance and pest control services. The company also targets highly profitable small service businesses in the commercial and residential property maintenance industry. Recently the Company announced that it has realized noticeable increases in both sales volume and project bids since its subsidiary became Pestmaster Tampa on July 1st. As a result, the company has achieved year over year sales growth of nearly 400% compared to July of 2014.
Progressive Care Inc (OTCMKTS:RXMD) through its subsidiary, Pharmco, LLC, offers prescription pharmaceuticals to people and medical facilities in south Florida. RXMD runs a retail pharmacy that works with the sale of anti-retroviral medicines and related patient care management. They also supply different prescription medications to long-term care work places. Progressive Care reported a net revenue increase of 18% year-over-year for the six months ended June 30, 2015 from approximately $5.40 million to approximately $6.40 million. Pharmacy revenues represented approximately 99% of total revenues for the quarter. A recent analyst report issued a favorable buy rating and $0.03 price target for the stock.