(NEW YORK)—Here are three high-tech related small cap plays making noise within the trader community.
US Government Drone Contract
On July 16, 2018, Drone USA, Inc. (OTCMKTS:DRUS) announced that its subsidiary, Howco Distributing CT, received a contract extension from the Defense Logistics Agency worth a total of $2.8 million, of which $1.2 million is remaining.
Then on July 24, 2018, the Company announced that the Commonwealth of Kentucky awarded DRUS a one-year master agreement to supply drones, unmanned aircraft systems and accessories to Kentucky state agencies.
These recent contracts are just a small sample to what has triggered a major fire under DRUS stock in recent weeks. This surge in interest has sent DRUS stocks trading volume reaching an impressive 100 million shares a day at or around $0.01 per share. (sign-up here for updates)
5G and Cloud Development
AppSwarm (OTCMKTS: SWRM), which is a developer of mobile applications, recently announced it would be joining its partner to assist in developing applications for a new pre 5G cloud platform.
This partnership dramatically opens the door for development opportunities for SWRM into the areas of driverless cars, drones, robotics, virtual reality games, smart homes, and next generation AI enabled mobile apps.
Not many mobile app developers can say they have their own 4G to pre 5G platform on which to develop off, but SWRM now does. This alone sets AppSwarm stock for major move up with only around 135 million shares outstanding at $0.03 per share.
Managed Cloud Services Play
Another play catching traders attention is Crednology Holding (OTCMKTS:COHO), which announced on July 26, 2018 that their E Waste division expanded its customer base with some notable new clients we started servicing this quarter including SAG AFTRA (The Screen Actors Guild), the Health SAG Producers, Las Virgins Water District and a large law firm based in San Francisco.
But what has traders more interested is their newly acquired cloud and managed service division, which recently concluded the installation of a new hardware configuration and high-end programming package for one of our clients, increasing July revenues for that division by over 70%.
COHO stock has pulled back since announcing the closing of its cloud acquisition, but based on the chart things are looking to heat up again for possible new running to test recent highs. (sign-up here for updates)