5 Best Penny Stocks to Invest $100

2. BioLargo, Inc. (OTC:BLGO)

Stock Price as of August 16: $0.19

BioLargo, Inc. (OTC:BLGO) engages in the development of sustainable cleantech solutions.

The Tennessee-based engineering division of BioLargo, Inc. (OTC:BLGO) has been collaborating with Ultra Safe Nuclear to help create the first prototype fuel production system for the ground-breaking new Micro Modular Reactor. BioLargo, Inc. (OTC:BLGO) has so far received contracts worth around $500,000 from Ultra Safe Nuclear. 

On August 11, the company reported that it had inked a deal with a new channel partner to sell BioLargo Inc’s (OTCQB:BLGO) PFAS treatment technology and technical support services. Furthermore, BioLargo Inc (OTCQB:BLGO) has landed its first client to build a thorough PFAS mitigation strategy for an industrial site. The company’s future looks bright with important projects in the pipeline.

In Q2 2022, BioLargo Inc (OTCQB:BLGO) reported revenue of $1.3 million, reflecting an increase of 37% from the preceding quarter and a jump of over 180% from the same quarter last year.