Saturday, June 25, 2022

High Volatility for Penny Stock Rjd Green Inc (OTCMKTS:RJDG)

Rjd Green Inc (OTCMKTS:RJDG) is a penny stock that’s clearly begun to spur some interest among players in the marketplace as shares bounce up off recent lows. It’s hard to say what has spurred RJDG’s latest move, because we can’t find any obvious brand new catalyst associated with the move in the past three days. However, if we look back, the last note out from management is somewhat revealing.
In that piece, the company’s subsidiary IOSOFT discusses the progression in revenues of their new payments software platforms. According to the release, RJD Green Inc. announced the beta implementation process has been completed and initial implementation revenues will be completed in July with full revenue streams coming forward in August. Annual revenues for their first contract are expected to exceed $240,000 annually. There is additional revenue potential as well, but the initial assumption appears to be the most well-founded.
Rjd Green Inc (OTCMKTS:RJDG) promulgates itself as a holding company focused in three divisions: Healthcare services, Green environmental services, and products Specialty construction / industrial products and services.
RJDG is a development stage company focused on acquiring and managing assets and companies in green environmental, energy, and specialty contracting services sectors.
The company was formerly known as Silex Holdings, Inc. and changed its name to RJD Green, Inc. in October 2014. RJD Green, Inc. was founded in 2009 and is based in Tuls a, Oklahoma.
According to company materials, “The Company operates as a holding company with a focus of acquiring and managing assets and companies. RJD Green operates in three divisions: RJD Green Healthcare Services Division, which owns IOSOFT Inc., a company that provides discrete payment technologies, services and software that can be integrated into targeted offerings for healthcare provider networks, hospitals, healthcare payers and individual providers: Earthlinc Environmental Services Division, which provides green environmental services and technologies; Silex Holdings Division, which is engaged in specialty construction and industrial manufacturing and fills a market niche between the Home Depots and local contractors. Silex offers installed granite/other counter tops, cabinets and related products to the residential builder, commercial contractor, remodel contractor and retail customer.”
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As noted above, the stock has been red hot over the last few days, and on a major jump in average volume of shares traded throughout the session. The move has vaulted shares well above recent range highs after a strong hold of upward sloped major moving averages in July.
The only recent catalyst for the company was its discussion of recent revenue trends in its subsidiary, IOSOFT.
What is IOSOFT? According to the release, IOSOFT “provides proprietary software for medical billing, Healthcare claims adjudication, automotive warranty payments, and electronic payments between healthcare Payers and Providers, and several other platform developments. Since formation, IOSOFT has been a third-party developer of software and provides IT support for the platforms developed… Current efforts of IOSOFT are in healthcare payment systems that provide unique payment technologies and services or software that can be integrated with legacy or existing systems of healthcare payers, such as, Blue Cross, Aetna, CIGNA and others. IOSOFT provides targeted product offerings for healthcare providers, provider networks, physicians and hospitals; and clearinghouse companies.”
Recent action has seen 77% added to share values of the listing over the past month of action. Market participants may want to pay attention to this stock. RJDG has a history of dramatic rallies. In addition, the company has witnessed a pop in interest, as transaction volume levels have recently pushed above 290% above the average volume levels in play in this stock over the longer term.
At this time, carrying a capital value in the market of $5.22M, RJDG has virtually no cash on the books, which stands against virtually no total current liabilities. RJDG is pulling in trailing 12-month revenues of $3.8M. In addition, the company is seeing major top line growth, with y/y quarterly revenues growing at 8.7%. You can bet we will update this one again as new information comes into view. For continuing coverage on shares of $RJDG stock, as well as our other breakout picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $RJDG, either long or short, and we have not been compensated for this article.

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