9 Reddit Penny Stocks to Watch for the End of June
As June comes to an end, penny stocks continue to heat up. With higher than average volumes, and many days with big gainers, which penny stocks are investors bullish on right now? Well, this is a difficult question to answer because it changes on a daily basis. But, there are a few tactics that can help to make it easier to form a watchlist. The first is to scour social media sites for penny stocks on Reddit, Twitter, and any other website where stocks are discussed.
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While social sentiment was not a big influence on the market even a year ago, it now is a major market mover. And, with hundreds of penny stocks to choose from scattered across the internet, using your own research skills will always be a major benefit. This includes understanding each and every individual company on your watchlist. We’ve covered how to make a penny stocks watchlist countless times, and it’s worth looking into. Considering this, let’s take a look at nine Reddit penny stocks that investors are bullish on right now.
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5 Reddit Penny Stocks to Watch in 2021
- Camber Energy Inc. (NYSE: CEI)
- Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)
- Luokung Technology Corp. (NASDAQ: LKCO)
- Auddia Inc. (NASDAQ: AUUD)
- Osmotica Pharmaceuticals PLC. (NASDAQ: OSMT)
Camber Energy Inc. (NYSE: CEI)
Camber Energy Inc. is an oil and gas penny stock that acquires, develops, and sells crude oil, natural gas, and natural gas liquids. These products are produced in Texas, which has a very high concentration of fossil fuel resources. As of March 2020, its estimated proved reserves were 133,442 million barrels of oil equivalent. This is comprised of 54,850 barrels of crude oil reserves, 207,823 million feet of natural gas reserves, and 43,955 barrels of NGL reserves.
The company reported its first quarter results on May 25th, 2021. In the report, the company’s revenue was $10.49 million for the quarter. The President and CEO of Camber said “We are pleased with Viking’s Q1 results, especially following the unprecedented conditions experienced in 2020. We are extremely encouraged with the foundation we have established, and are intensely focused on pursuing growth opportunities.” Will you be adding CEI stock to your watchlist amid these first quarter results?
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)
Seanergy Maritime Holdings Corp. is a penny stock that just went up more than 8.5% in the market. This international shipping company has a fleet of 11 Capesize vessels that can carry around 1,926,117 deadweight tons. The company’s main focus is the seaborne transportation of dry bulk commodities, such as iron ore and coal worldwide. On June 10th, Seanergy took delivery of two Capesize vessels with prompt commencement of period charters.
“I am pleased to announce the timely delivery of our fourteenth and fifteenth Capesize vessels and the immediate commencement of their respective period employments. We are also excited to initiate business relationships with two additional reputable charterers. Including these deliveries, 87% of our operating fleet is employed under advantageous medium to long-term charters.”
The Chairman and CEO of SHIP, Stamatis Tsantanis
The company has not released any other recent updates that would drive up its stock price despite rising by about 8.5% on June 24th. Keeping this recent advancement and its market gains in mind, will SHIP be on your list of penny stocks to watch?
Luokung Technology Corp. (NASDAQ: LKCO)
Communications stocks have been taking off, and Luokung Technology Corp. is one of them. This is a company that provides location-based services and mobile application products for long distance travelers in China.
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Its Luokuang mobile app is a content and service distribution platform for consumers. Consumers can access info, entertainment, e-comnmerce, travel, and more using the service. On June 23rd Luokung announced the approval of eMapGo’s HD map standards. This approval is in relation to autonomous vehicles.
“We are thrilled to have played a part in establishing the first set of industry standards for autonomous-driving map production. It has been a long yet rewarding process to work with so many individuals and teams in the industry who are dedicated to improving the quality of the industry’s products, and we look forward to maintaining our leadership position within the industry in the years to come.”
The Chairman and CEO of LKCO, Mr. Xuesong Song
6 months ago, LKCO stock was at $0.68 per share on average. Now the company is over $2.60 per share. With these big gains in mind, will LKCO make your penny stock watchlist in 2021?
Auddia Inc. (NASDAQ: AUUD)
Up by a solid 24% or so at midday are shares of AUUD stock. While no company specific news came out of Auddia today, it did release an exciting advancement only a few days ago on Tuesday. On June 22nd, it announced major technological breakthroughs in its artificial intelligence audio processing methodology. With this, it can vastly reduce the cost of radio transmission as well as increase the precision of audio broadcasting. It will begin using this in trials with Lakes Media and Sonoma Media post July 4th, which is only a week or so away.
“Our latest advancement in AI takes advantage of what we always understood to be one of the most valuable elements of the audio content ecosystem, which is the abundance and open availability of audio data. Accurately tagging that audio data with precise metadata is the ultimate objective, and our new methodology enables us to meet that objective.”
Peter Shoebridge, CTO of Auddia
This is a big deal for the radio industry, and one that could continue to play out well for AUUD. Considering this, will it be on your watchlist?
Osmotica Pharmaceuticals PLC. (NASDAQ: OSMT)
Another major gainer of the day so far is OSMT stock. By midday, shares had shot up by a staggering 32% to around $3.75. While many major gains go without news, OSMT made a big announcement during trading. It states that it has agreed to sell a portfolio of its legacy products alongside its Georgia manufacturing facility for around $170 million. This deal includes Alora Pharmaceuticals LLC., which will pay Osmotica $110 million in upfront cash as well as $60 million in milestone payments along the way.
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CEO of Osmotica, Brian Markison states that “Today’s announcement is a meaningful step in the transformation of our business and aligns with our strategy of building a portfolio of growth assets in ocular aesthetics.” While partnerships are always a big deal in the biotech industry, this announcement is bringing new attention to OSMT stock. Whether it makes it worth watching or not is up to you.
4 More Reddit Penny Stocks to Watch
- Safe Bulkers Inc. (NYSE: SB)
- Muscle Maker Inc. (NASDAQ: GRIL)
- Grom Social Enterprises Inc. (NASDAQ: GROM)
- Exela Technologies Inc. (NASDAQ: XELA)
Which Reddit Penny Stocks Are You Watching Right Now?
Finding the best penny stocks on Reddit is a challenge. With hundreds to choose from, there is value all around the industry. However, using research methods and a strategy will always help to ensure that your penny stocks watchlist has the best chance at making you profits. With all of this in mind, which Reddit penny stocks are you watching right now?
