CNOA has a shot at the $4+ range. As with most penny stocks, the trick is to sell when the hype exceeds the value of the stock. Right now there is very little hype (I'm the only guy I know who's following it lol).
There is good value here IMO. Excellent revenue, margins, and earnings guidance. A good sector at the right time.
Will she cross $5? I dunno.
Good stocks are obvious. Extensive DD is how you convince yourself to buy a bad one.