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4 Penny Stocks Making Waves: ALZN CGAC METX WDLF

4 Penny Stocks Making Waves: ALZN CGAC METX WDLF
Published on
November 9, 2021
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The US stock market continues the bullish mood amid an impressive earnings season and a growing overall economy. Last week, the Labor Department reported better than expected employment figures, which gave stocks another boost.Earlier on Monday, Congress passed a $1 trillion infrastructure bill, which has driven industrials, materials, and other sectors. The bill was praised by US President Joe Biden as once in a lifetime investment.Greg Bassuk, chief executive at AXS Investments, told Reuters:

“That infrastructure bill is going to put some energy into companies like 3M, Caterpillar and other companies that power the industrial sector, but we also think the materials sector is going to really benefit from that bill.”

The S&P 500 and Nasdaq updated their all-time highs.Meanwhile, cryptocurrency and blockchain-related stocks have shown significant gains as Bitcoin has surged over 5% on Monday. Some of the penny stocks we’re about to discuss leverage the crypto trend.


There are plenty of opportunities for investors if they follow us here at Insider Financial.The key to trading stocks is finding the momentum BEFORE it happens and then be patient. Now, when we say that we find momentum BEFORE it happens, we are investors looking to position our subscribers BEFORE the move happens.It’s also best to own a portfolio of penny stocks. For some that can be as many as 10 to 20 or more penny stocks that include both OTC stocks and NASDAQ penny stocks.We alert our subscribers with our best ideas before our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here.[embed]https://www.youtube.com/watch?v=n22CQDACnBE[/embed]The fact is that there is always a bull market somewhere. That’s why it’s important for penny stock investors to trade both OTC and NASDAQ stocks, and sometimes get exposure to larger companies that still seem to have massive growth potential. There are always opportunities if you give yourself the flexibility to trade all markets.In this article, we take a look at 4 penny stocks worth watching, two of which are listed on NASDAQ. They are Alzamend Neuro, Inc (NASDAQ: ALZN), Code Green Apparel Corp (OTCPK: CGAC), Meten Holding Group Ltd (NASDAQ: METX), and Social Life Network, Inc (OTCPK: WDLF). Penny stocks #1 ALZN Penny stocks #2 CGAC Penny stocks #3 METX Penny stocks #4 WDLF


Alzamend Neuro, Inc has been in a good mood lately, after being under massive pressure from bears for months. The share price of the NASDAQ-listed stock has gained over 30% during the last five trading days, currently trading at $2.59. ALZN peaked last Friday at $3.24, which is the highest since September. Note that the stock used to trade above $30 as recently as June. While the substantial decline might have discouraged early investors, this is a great opportunity to buy the dip.ALZN is a preclinical stage biopharmaceutical company that focuses on developing products for the treatment of neurodegenerative diseases and psychiatric disorders. The company's lead product candidate is AL001 for the treatment of Alzheimer's and other neurodegenerative diseases and psychiatric disorders. It is also developing AL002, a cell-based therapeutic vaccine, which seeks to restore the ability of the patient's immunological system to Alzheimer's.In September, the company announced that the first group of healthy participants had been dosed in a six-month Phase I relative bioavailability study for AL001. The Phase I first-in-human study is for the purpose of determining potential clinically safe and appropriate dosing for AL001 in future studies.In October, the price spiked after the company said that it had received a written response to its meeting request relating to its Type B Pre‑Investigational New Drug (IND) application from the FDA providing a path for Alzamend's planned clinical development of AL002.ALZN CEO Stephan Jackman said back then:

“We appreciate the thorough and meaningful response from the FDA, which provides us with the information and clarity needed to submit the IND application to initiate a clinical trial for AL002. Alzamend proposed, and the FDA agreed, to conduct a combined Phase 1/2 study. We appreciate the FDA’s recommendations, guidance and other helpful advice. We plan to augment our proposed clinical trial protocols and proceed accordingly.”

Alzamend said it expects to file the IND by the end of November and initiate the clinical trial of AL002 in the first quarter of 2022.Today, more than 6 million Americans of all ages have Alzheimer's, the majority of whom are 65 and older.https://www.youtube.com/watch?v=xjJRUNqr7skALZN is a great long-term bet because it may have some unique treatment candidates that may put it into a leading position when it comes to preventing and treating Alzheimer's.With only a $250 million market cap, ALZN is undervalued, as this company could be worth billions. Note that private companies own over 23% of ALZN shares, institutions own 13%, and venture capital firms own another 11.5%. The public has access to only 44% of shares. With so much backing from institutions, ALZN seems to be onto something.The stock got attention after being supported by Twitter user Zack Morris, who has almost 600k followers.https://twitter.com/MrZackMorris/status/1456633138877190157His price target for now is $5+, and you know how important social media can be in shaping new trends, especially when it comes to penny stocks. ALZN is a great buy right now.


Code Green Apparel Corp has been gradually increasing in price since mid-September when it touched the lowest level year-to-date. The Pink Current stock has more than doubled in price since then and is now trading at $0.0037, with volumes peaking last month at almost 1 billion shares per day.CGAC was working to become an industry leader in Sustainable Textiles by providing corporations with Corporate Logo Wear, Uniforms, and other Sustainable Textile products. However, the company has no operations today and is now a reverse merger play, with investors waiting for a major press release to be published soon.CEO George Powel reportedly confirmed that a reverse merger was on the horizon, with the announcement to come in the “near term.” Meanwhile, the company’s financial statements are prepared by Caren Currier, who is a well-known reverse merger specialist that has worked with IGEX, ILUS, AXTG, and SSOF, among others.Last week, CGAC released its quarterly report that showed the company had reduced its debt.With Caren Currier as a consultant, reduced liabilities, and a reverse merger just around the corner, CGAC is a great penny stock to consider before it gets more visibility on social media.https://twitter.com/Timez1000/status/1457028582014914562


Meten Holding Group Ltd has doubled in price since mid-October to trade at $0.64. On Monday, the NASDAQ stock broke above 70 cents for the first time since September 1. METX hit a year-to-date high above $3, and it will try to break above the $1 mark again to be in line with NASDAQ’s minimum price requirement.METX provides English language training (ELT) services in China. It operates through four segments: General Adult English Training, Overseas Training Services, Online English Training, and Junior English Training. The company delivers English language and future skills training for Chinese students and professionals.However, investors turned their attention to the China-based company as it plans to leverage the crypto and blockchain space, which provides great opportunities for fast growth.At the end of last month, METX partnered with AGM Group Holdings Inc (NASDAQ: AGMH), an integrated technology company focusing on fintech software services and high-performance hardware and computing equipment manufacturing, to accelerate the development of Meten’s blockchain and cryptocurrency mining business.The parties agreed to cooperate on the research and development of blockchain applications and the establishment of a supply chain for crypto mining business. The agreement contains an initial order of AGMH’s cryptocurrency mining machines from Meten and an option for Meten to purchase additional machines later.Crypto mining is a profitable business in 2021, as the price of Bitcoin has doubled since the beginning of the year and currently trades close to its recent ATH. Elsewhere, Ethereum has exploded by 10 times YTD, currently trading at an ATH at over $4,700.METX has bottomed out in September at $0.30, and it’s likely that it will not look back.


Social Life Network, Inc is another Pink Current stock that has been on the rise, gaining about 30% over the last five days. It peaked last Friday near $0.005, which is the highest since mid-October. The OTC stock fell to a bottom at $0.003 on repeated occasions since August, which provided solid support. Now WDLF seems to be ready to reverse the long-term downtrend.The OTC hit a YTD high at $0.035 in mid-February. We first discussed WDLF at the end of 2020, well before the penny stock jumped 400% to the February peak.WDLF, which became Pink Current earlier this year, is a Technology Business Incubator (TBI) that, through individual licensing agreements, provides tech startups with seed technology development, legal and executive leadership, making it easier for startup founders to focus on raising capital, perfecting their business model, and growing their client base.WDLF’s technology is an AI-powered social network and eCommerce platform that leverages blockchain technology to increase speed, security, and accuracy on the niche social networks that it licenses to the companies in its TBI.WDLF generates its revenues through its TBI licensees by charging a 5% fee on their revenue and a 15% common stock stake in the TBI licensee if they reach the liquidity event of going public or selling their business.The latest price spike came after WDLF announced record growth in 2021. The company reported that it had increased revenue by 26% compared to the first nine months of 2020, while operating expense dropped by 62%.WDLF CEO Ken Tapp said:

“I'm pleased to announce Social Life Network realized its strongest quarter, since becoming public in Q2 of 2016, with the strongest balance sheet the Company has had since our launch in 2013. Our 2020 and 2021 strategy to retire all convertible debt, decrease operating expenses, increase revenue, and launch our new Decentral Life Division was realized in Q3, ahead of management’s original goal to complete by the end of Q4 2021.”

https://twitter.com/EReidSchroeder/status/1456623192001425419The company recently launched its global decentralized social network and cryptocurrency division called Decentral Life, and rolled out its own Ethereum-based token with the ticker WDLF. In its latest 10-Q report, it said that the platform had the following objectives:

  • Create a decentralized global social networking platform for user privacy, content control, and universal connectivity to all decentralized networking platforms of the future.
  • Financially empower network users by rewarding their activity with crypto-loyalty points that can be used to make purchases on the network or converted to WDLF Tokens to be used on globally accessible cryptocurrency exchanges.
  • Create and launch a Decentral Life Token on the Ethereum blockchain (WDLF Token) that can be used across all TBI licensee networks so that users can convert their crypto-loyalty points into WDLF Tokens.
  • File with the SEC a registered initial coin offering that, if declared effective by the SEC, would enable tokens to be sold to investors and the creation of a market created for the token on cryptocurrency exchanges.

Meanwhile, WDLF is seeking $45 million in total damages with its two ongoing lawsuits that go after toxic funders, who allegedly violated federal securities laws. This is a significant amount for a $30 million business.As we see it, WDLF has some solid fundamentals that can support its price growth. Also, it taps into the crypto space, which is the fastest-growing industry right now.


Now is a great opportunity to invest in top penny stocks with great potential. Our job is to identify the best penny stocks with strong fundamentals and let our subscribers pick the ones they like to build a well-diversified portfolio.Buying dips and selling rips as swing trades remains the best strategy in the stock market. Still, whenever a hot stock is in the middle of a bull run, we recommend our subscribers to book profits.It’s very important to eye penny stocks that have room for growth and have yet to make their explosive move. There are plenty of opportunities, and we take our time to monitor hundreds of penny stocks to buy each week, trying to find the best alerts for our subscribers.Remember, all you need is one or two penny stocks to run in order to crush the market averages.As always, good luck to all (except the shorts)!


Disclosure: We have no position in any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.

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