Industrial Technology Stock News: GTCH, HNRC, CYBL, MWXRF
There are a number of sectors that can often go unnoticed amid the rush of investors seeking opportunities in popular sectors. One of the sectors that fall into this category right now is the industrial technology sector. There are a number of companies doing commendable work in the industry and now might be the time for investors to take a closer look at some of them. This article takes a closer look at three companies in the industry and gives you some insight into who you can work with.
GBT Technologies (OTCMKTS: GTCH) – The first company in the industrial technology sector that you might consider looking at at this point is GBT Technologies Inc. It turns out that the company was actually in the news earlier in the week on Tuesday when it announced that she had received notification for the smart motion detection patent she had developed.
The product is codenamed “Apollo” internally. It was also noted at the time that the company would be granted a non-provisional patent on April 12. GBT Technologies is seeking protection for radio-based real-time motion detection methods through this particular patent. This was a significant update from the company and now it will be interesting to see whether or not the stock gets traction with investors.
Houston Natural Resources Corp (OTCMKTS: HNRC) – Houston Natural Resources forecast that in the fiscal year ending December 31, 2021, it would record revenue of $20 million and EBITDA of $10 million.
On the other hand, Houston Natural Resources expected its revenue to hit $5 million in the first quarter. On top of that, EBITDA earnings in the first quarter were also expected to be $2.5 million. Over the past three years, Houston Natural Resources has been able to steadily increase revenue and therefore this projection is significant. The steady increase in revenue has mainly come from rising revenues from the companies it holds in its portfolio and also from new acquisitions.
Cyberlux Corporation (OTCMKTS: CYBL) – Over the past week, Cyberlux Corporation stock has emerged as one of the leading players in the industrial technology sector and managed to post gains of up to 19% over the period.
On April 1, the company announced that for the full fiscal year 2021, it managed to generate revenue to the tune of $810,7592 and on top of that, the net profit for the period was $1,903. $766. On top of that, Cyberlux had also managed to grow the asset column of its balance sheet and bring it to $9,237,043. The asset swell was primarily a function of the platform’s acquisition strategy which had proven successful for Cyberlux through December 31, 2021.
Mineworx Technologies (OTCMKTS: MWXRF) (MWX.V) – At number 3 is Mineworx Technologies Ltd stock that investors might consider looking at today. On Wednesday, it emerged as a major mover and ended the day with gains of up to 9%. Yesterday, Mineworx announced that it will start operations at the pilot facility located in Johnson City, Tennessee.
Mineworx noted that it finally reached the stage after all necessary equipment permits and construction approvals were received from the relevant authorities. Needless to say, this was a major new development for Mineworx and the company also pointed out that the equipment, as well as the plant systems, were subject to testing protocols. It could be a stock to watch.