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3 Penny Stocks To Watch After September News $LDDFF $PTOTF $PKKFF

list of penny stocks to watch new highsPenny stocks are volatile, in general. But certain sectors can compound this activity. Over time, one of these sectors has been technology.  Due to the forward-thinking nature, similar to biotech penny stocks, speculation can drive momentum.
Think about it for a minute. Companies within this sector push the limits of innovation to hopefully discover new products or services. The Select Spider Technology ETF (XLK ETF Report), for example, performed well since the beginning of August. Large-cap companies like Facebook or Twitter haven’t hurt progress in this niche.

Other companies focus on different aspects of society. In this regard, niches such as security systems have come into focus.  As many readers may come to know, penny stocks are available across markets. Today we take a look at 3 Canadian penny stocks to watch in the tech sector.

Technology Penny Stocks To Watch: Liberty Defense (SCAN) (LDDFF)

One of the hottest topics right now is gun control. Liberty Defense Holdings (SCAN Stock Report) (LDDFF) focuses specifically on this issue.  Liberty is building a network to sell concealed weapons detection solutions to business clients. This week Laurentian Bank Securities initiated coverage on the company Liberty received a “Speculative Buy” rating and the firm gave SCAN stock a C$1.40 price target. As shares of the company currently trade around C$0.65, the target is 115% above the current market price.

“Layering onto exclusively licensed MIT LL technology, has the potential to lead the next generation of advanced screening solutions. We estimate this target market could be greater than $3.5 billion, with upside from international expansion, expanded market applications and better unit sale economics,” analyst Nick Agostino commented.

penny stocks penny stocks to buy or sell SCAN Liberty Defenseto buy or sell PAT Patriot One
Thursday the company announced that it signed a collaboration agreement to beta test its main product, HEXWAVE. The beta will be conducted with the Maryland Stadium Authority, which is the unit of state government that owns and manages the sporting venues at Camden Yards in Baltimore.
Liberty is conducting other beta tests with HEXWAVE. These include FC Bayern Munich’s Allianz Arena in Germany, Rogers Arena in Vancouver, the state of Utah, with Virginia Division of Capitol Police, in Sleiman shopping centers and in a Hindu temple.

Technology Penny Stocks To Watch: Patriot One Technologies (PAT) (PTOTF)

Threat detection technology penny stock to watch, Patriot One (PAT Stock Report) (PTOTF) is another company to keep in mind. The company has created a threat detection platform called PATSCAN. It identifies and reports threats in places like car parks, public entryways, and inside buildings. The company leverages artificial intelligence and machine learning to build a network of sensor technologies.

penny stocks to buy or sell PAT Patriot One
What has attention on Patriot One stock this week is its latest news. The penny stock reported a new deal this week. Patriot One was selected as the security technology partner for Bleutech Park Las Vegas.

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“Patriot One is honored to be selected as the security technology partner for Bleutech Park, a $7.5b Las Vegas Mini-City project that will be the World’s First Net-Zero, Smart, Connected and Safe City,” shared Martin Cronin, CEO & President of Patriot One Technologies.
Cisco, Pavegen, Knightscope, and Onyx Solar have involvement with this project as well. This move comes days after the company announced the acquisition of XTRACT Technologies. The deal consisted of $6 million cash and 9.42 million shares in consideration for the buyout.  XTRACT develops artificial intelligence and machine learning to commercialize it for institutions and private businesses.

Technology Penny Stocks To Watch: Peak Positioning Technologies Inc. (PKK) (PKKFF)

The last Canadian tech penny stock on the list: Peak Positioning Technologies (PKK Stock Report) (PKKFF). Trading volume has increased for the company this week. This follows the announcement that its subsidiary launched a WeChat Mini Program to allow borrowers to see if they would qualify for lending.

Asia Synergy Credit Solutions, Peak’s subsidiary, provides credit services to banks and financial institutions. Through the Mini Program, users can see if they would qualify for loans through any of Asia Synergy’s lending clients.
“With the popularity of WeChat and the explosion of Mini Programs, if you are in business in China and your business cannot be found on WeChat, it’s almost as if you are not in business.”
Jiangang Qiu, CEO of Asia Synergy

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* This article was originally published here

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