Investors may uncover certain stocks by conducting more thorough research, and this feature aims to highlight some potential opportunities. It will examine five (5) stocks trading under 10 cents per share that could be worth tracking at this time.
RJD Green Inc. (OTC: RJDG), a publicly traded holding company focused on asset acquisition and management, announced its financial results for the third fiscal quarter ending May 31, 2024, on July 15. The company reported revenues of $4,400,770, a net operating profit of $1,078,388, and cash and cash equivalents of $2,054,962. RJD Green is on track to surpass $6 million in annual revenues. Last month, the company revealed that its Silex Holdings division secured the rights for the distribution, sales, and installation of a new product line set to launch in August 2024.
Presto Automation Inc. (NASDAQ: PRST), a leading drive-through AI and automation technology provider for the restaurant industry, is a company to watch. In May, Presto Automation announced its financial results for the third quarter ending March 31, 2024. The company reported revenues of $4.5 million but incurred a net loss of $18.1 million, with an adjusted EBITDA loss of $12.2 million for the quarter. On May 20, Presto Automation secured $3 million in new financing through common equity and subordinated debt, with contributions from several parties, including existing investor Remus Capital.
Vocodia Holdings Corp. (NASDAQ: VHAI), a leader in AI software development focused on practical AI applications, announced on June 24 that CBOE BZX Exchange Inc. issued a Staff Delisting Determination (SDD). The SDD, dated June 14, 2024, pertains to the company's warrants and common shares. It was noted that Vocodia Holdings' common stock fell below the exchange's minimum bid price requirement of $1 on March 19 and has since remained non-compliant. In response, the company has requested an oral hearing before a CBOE Hearings Panel.
Selina Hospitality Inc. (NASDAQ: SLNA), a global lifestyle and hospitality company catering to Gen Z and millennial travelers, announced in May that it received a notice from The NASDAQ Capital Market LLC. According to the news release, the notice stated that the company was delinquent in filing its Form 20-F for the year ended December 31, 2023, as required by the exchange's listing standards. Selina Hospitality Inc. was given a deadline of September 3, 2024, to regain compliance.
Monkey Rock Group Inc. (OTC: MKRO), a U.S.-based entity incorporated in Delaware, announced on July 15 the initiation of its acquisition process for merging with Italian company Sviluppo Dati SRL. According to the press release, Monkey Rock Group highlighted Sviluppo's specialization in payroll processing and accounting services for logistics companies. The firm signed an agreement with Sviluppo on July 7, 2024, to acquire a 50% stake. This agreement also grants Monkey Rock Group control over Global United Logistic Iberia and Global United Logistic, both Sviluppo subsidiaries. Monkey Rock Group aims to enhance production processes through digitization by utilizing Sviluppo's expertise.
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