OPTEC International Is The Hottest Penny Stock Right Now: How Should You Trade
Over the course of the past week or so, Optec International Inc (OTCMKTS: OPTI) has emerged as one of the strongest gainers in the market. Only a few days ago, the stock went past its recent highs and much of that was triggered by a significant uptick in accumulation. In recent days, the trading volumes soared significantly as well on the back of recent events and OPTEC has emerged as one a major gainer again from among small caps.
On Wednesday, the stock soared by as much as 65% and that took its total gains in just a week to as much as 300%. In this sort of situation, it could be worthwhile for investors to perhaps take a closer look at what’s going on with OPTEC.
One of the major triggers for the surge in the stock price was due to the fact that OPTEC appointed Kevin Harrington, one of the original Shark Tank investors, to its board of directors. It is a significant move considering Harrington’s track record and the rally in the stock was understandable. However, that is not all.
The company also launched a new product called Safe-Scan, which is a temperature scanning device and complies with the CDC standards meant for a wide range of establishments. For instance, it can be used in offices, schools, gyms, care homes, and churches among others in order to check temperatures. It complies with CDC standards and in light of the current situation with regards to the coronavirus pandemic, it is a product that could get a lot of traction within a short period of time.
The company has quickly emerged as one of the leaders in the distribution and development of UV-C and UV Germicidal Non-Toxic Sanitization and Disinfection. More importantly, its products and technologies are free from chemicals and hence, could garner more popularity among a wide range of clients.
These products offer a safe and non-toxic way of cleaning non-residual particles and it is quite clear why there is this degree of excitement about the stock. The company claims that the proven sterilization and disinfection effectiveness of the process stands at as much as 99%. It should be noted that there is no end in sight yet with regards to the coronavirus pandemic and hence if schools are to be reopened then products like the ones made by OPTEC will need to be used.
Apparently, the company isn’t doing too badly financially either. Back in June, it announced its projections for the period ending in September 2020 for its business in California. OPTEC announced that it expects its revenues to be more than $4 million for the period. There is no doubt that investors are going to watch the proceedings quite keenly.
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