The internet has become the main source of information for investors in recent years and some of the most popular platforms now offer plenty of important information with regards to stock markets. One such platform is YouTube and over the past few months, Rich Tv Live has become one of the most popular channels among investors.
In one of the videos that the channel published recently, the Rich Tv analyst looked into its latest pick for its ‘secret penny stock’ series and it could interest many investors. The company in question is Memex Inc. (TSXV:OEE) (OTC:MENXF), which is involved in making productivity software meant for the Internet of Things (IoT) space.
Everyone likes penny stocks due to the possibility of making substantial returns if the stock rallies strongly. The company, which is based out of Canada, is listed in its home country and also in the United States. It is also necessary to note that the company reports its financial results in Canadian dollars and if an investor is interested, then he could consider checking it out on sedar.com.
Memex is best known for its product Merlin which is meant for improving the OEE or overall equipment effectiveness. The product has even won awards and is generally well regarded in the industry at this point of time. Considering the fact that Memex already has a fairly effective product to offer, it might be a good idea for investors to keep an eye on the company.
In recent days, the Memex stock has been trending up and that was pointed out by the Rich Tv analyst as well. The stock has raced from only $.002 a share to $.02 a share and hence, it is no surprise that the stock has been included in the ‘secret penny stock’ series. In this series, the analyst at Rich Tv generally looks into penny stocks that might be a bit under the radar and not in the focus of many investors.
While it is true that the stock has managed to rally strongly in recent times, it is always a good idea on the part of investors to do their own research and then choose a course of action. That said, it might be a good idea to keep an eye on the stock over the coming days.
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