Of the many tech penny stocks available on the marketplace, there are three small-cap companies trading up on April 30.
3 Tech Penny Stocks Trading Up: mCloud Technologies Corp. (TSXV:MCLD) (OTCQB:MCLDF)
mCloud Technologies Corp. is the first on our list of tech penny stocks trading up on Thursday. It is an Artificial Intelligence and IoT company that seeks to solve energy problems that include maximizing energy production and curbing energy waste.
On April 30, Yahoo Finance reports that MCLD stock is up 3.71% at $4.75, as of 2:21 p.m. EDT.
Today’s trading results come on the back of the company stating on April 28 that it had increased its total count of connected assets to 48,672 in the first quarter of 2020. For perspective, this illustrates a roughly 18% increase in assets under management quarter-over-quarter since the fourth quarter last year.
3 Tech Penny Stocks Trading Up: Quisitive Technology Solutions, Inc. (TSXV:QUIS)
Second on our list of tech penny stocks trading up on Thursday is Quisitive Technology Solutions, Inc. With a market cap of around $81 million, Quisitive is a digital technology consulting firm that provides Microsoft Cloud (Office 365, Azure, and Dynamics) to various organizations. Most notable, Quisitive is one of 35 companies to earn from Microsoft the “National Solution Provider.”
On April 30, as of 2:10 p.m. EDT, QUIS stock is up 12.12% at $0.74.
A few days ago, Quisitive Technology reported its fiscal 2019 Q4 and annual financial results. Highlights include that the company achieved annual revenue of $18,525,288 for 2019. For perspective, this figure represents a 47% Y-O-Y growth for last year. We also learned that adjusted EBITDA came in at $1,269,240.
“Quisitive enters 2020 in a strong cash position due to substantial 2019 YoY growth and growing recurring revenues,” said Quisitive CFO Mike Murphy. “Based on recent acquisitions and investments in our SaaS solution portfolio, the company is well-positioned to capitalize on both organic and acquisition growth in 2020.”
3 Tech Penny Stocks Trading Up: International Land Alliance, Inc. (OTCQB:ILAL)
Based in California, International Land Alliance, Inc. provides various real estate services.
On April 30, Yahoo Finance reports that, as of 1:49 p.m. EDT, ILAL stock is up 3.19% at $0.65.
On April 27, International Land Alliance, Inc disclosed that it had allocated 44 units at Plaza Bajamar. The starting prices sit at $99,000. The news comes shortly after the company said that it had entered into a joint venture with Bajamar Ocean Front Golf Resort to co-develop more than 150 homes.
What do you think about these tech penny stocks trading up on Thursday? Will they keep it up next week? Let us know your thoughts in the comments below.
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