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eMagin Corp. (EMAN Stock Report)Penny Stocks To Buy [or avoid]: Luokung Technology
Shares of Luokung Technology have popped this week with not much to point at as far as an immediate catalyst. However, the recent focus on big data and IoT (Internet of Things) technology companies has been a boon to the industry itself. For some context, Luokung works as a big data company providing IoT services as well as geographic information. We discussed the company a few weeks back as momentum had built in the penny stock.
The company had just reported that it will be working with Yiting to offer location-based marketing services for over 90,000 gas stations in China. With this, it is able to offer the capabilities of smart city infrastructure as well as all of the back end information to support it.Â