(NEW YORK)–Below are two small cap game developer stocks that have been grabbing the attention of traders in recent weeks.
Momentous Entertainment Group, Inc. (OTCMKTS: MMEG), is an online social media network company vertically organized into four business areas: social networking, social gaming, e-commerce sold consumer products and services, and OTT streaming media content creation and distribution. In July the Company announced that the Russian language localization of its wholly owned subsidiary, Chimera® classic games title, The Mob: Rise of the Don played worldwide in over 40 countries, has been completed and was now available in Russia on the VKontakte (VK) social media platform.
VK (VKontakte is the largest European online social media and social networking service. It is available in many different languages and is especially popular among Russian-speaking users. VK allows users to message each other publicly or privately, to create groups, public pages and events, share and tag images, audio and video, and to play browser-based games. It is based in Saint Petersburg, Russia.
VK has 420+ million accounts. VK is ranked 13 (as of February 2017) in Alexa’s global Top 500 sites. It is the most popular website in Russia. According to SimilarWeb, VK has the 5th most traffic of all websites in the world. As of October 2016, VK ranked as the second most popular social networking website in Israel, after Facebook.
Trading just below $0.001 per share, MMEG stock has seen a dramatic spike in volume the past trading week as more traders take notice of the growth prospects of this company going forward.
Another interesting small cap gaming play, with a very low share structure, is called AppSwarm, Inc. (OTCMKTS:SWRM). The Company recently released such mobile games as ‘Avenging Soldiers, zombie game ‘Dead Uncleansed’, Turtles Huh?, Soccers, and their first virtual reality Russian shooter game ‘Komandir’.
In addition to their gaming division, AppSwarm will also be developing and acquiring mobile application tools and platforms that will assist small to medium size businesses by increasing productivity, and managing their data in cloud storage. Their Business Application Division will provide a suite of mobile applications to assist businesses in the areas of data encryption and cyber security, cloud storage, content management and delivery, digital payments, automation, and customer loyalty marketing solutions.
SWRM posted a profit for fiscal year 2016, and currently has only around 55 million shares issued and outstanding.
While hot sectors like cannabis stocks languish over the summer, some small cap traders are finding excitement in mobile game developers like MMEG and SWRM, and both of these plays are expanding out to build on their popular games and into more lucrative business and advertisement opportunities.
About Momentous Entertainment Group
Momentous Entertainment Group, Inc. (MMEG) is an online social media network company. It is vertically organized into four business areas: social networking, social gaming, ecommerce sold consumer products and services, and OTT (Over-The-Top) streaming media content creation and distribution.
With more than 11 million online registered users worldwide, Momentous’ value proposition serves multiple stakeholders: 1) Social network users, 2) OTT streaming content users, 3) Online gamers, and 4) Consumers looking to buy products and services through our e-commerce portal and our social network.
AppSwarm, Corp is a technology development and incubation company focused in accelerating the development of mobile applications and technology, fast-tracking product to market. AppSwarm partners with application developers through joint ventures, royalty agreements, marketing partnerships, and outright purchase agreements. For more information, visit us at www.app-swarm.com
This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Wall Street Newscast (“WSNC”) does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. WSNC, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B Wall Street Newscast was compensated, by third party, three thousand five hundred dollars for ongoing media advisory services for SWRM, and thus should be considered a possible conflict of interest when reviewing this report and information. WSNC, or its affiliates, may hold a position in above securities from time to time, and thus should be considered a possible conflict of interest when reviewing this report and information. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial advisor before any and all investments.
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