3 Reopening Penny Stocks to Watch Next Month
Reopening penny stocks have been a hot topic for investors over the past year. While many times, it looked like a full reopening was underway, those dreams were quickly shuttered by new waves of cases. And right now, this is once again the situation considering the rise of Delta-variant attributed numbers.
But, at the end of each Covid wave, investors seem to become more bullish on reopening penny stocks. This makes sense given that declining cases can usually indicate positivity around when and how the world could begin to go back to normal. Right now in the U.S., case numbers seem to be going in the wrong direction. However, if we look at the U.K., which just experienced a similar spike, we see case numbers falling dramatically in the past few days.
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So, if we could get over this newest wave, we could find a whole list of penny stocks that may be able to benefit. But as always, there is a great and constant amount of uncertainty in the stock market right now. This is illustrated by high volatility and a general feeling of no one knowing what will happen next. Considering this, let’s take a look at three reopening penny stocks to watch next month.
3 Top Reopening Penny Stocks For Your Watchlist
- Meten EdtechX Education Group Ltd. (NASDAQ: METX)
- Gran Tierra Energy Inc. (NYSE: GTE)
- Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)
Meten EdtechX Education Group Ltd. (NASDAQ: METX)
Meten EdtechX Education Group Ltd. is a penny stock that just experienced a very large uptick in value. For those unfamiliar, Meten EdtechX provides English language training courses in China. These services are offered to students, professionals, and more. The company’s platforms are Meten, ABC, and Likeshuo, which encompass a variety of services for its consumers. It states that it offers these products at 105 self-operated learnings centers in 28 cities, as well as 13 franchised learning centers. B
ecause of its broad reach, METX is one of the most prominent education penny stocks out there right now. On July 21st, the company reported a 316.9% increase in gross billing and a 240.9% increase in student enrollment of its junior ELT business in the first half of the year. In June 2021, its gross billings increased 97.5% year over year.
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The company continues to expand its junior ELT business as time goes on, with it being offered in 22 cities currently. This massive uptick in its billing is a result of more people taking advantage of its services. And, as the pandemic ends and travel becomes more frequent, more people could choose to utilize the products that METX offers.
On July 27th, METX stock increased by about 15% in the market. The company’s average volume is more than double its average as well, indicating sizable popularity right now. With this information in mind, is METX a contender for your penny stock watchlist?
Gran Tierra Energy Inc. (NYSE: GTE)
Gran Tierra Energy Inc. is an energy penny stock that is focused on the exploration and production of oil and gas properties. These various properties are located in both Colombia and Ecuador, where it has a sizable operation to date. As of December 31st, 2020, the company had proven undeveloped reserves of 26.2 million barrels of oil equivalent. This is quite a substantial amount and reflects just how much potential the company could have if demand for energy continues to shoot up. On July 12th, the company announced its restoration of production, as well as revised guidance numbers.
“We are very pleased that we have safely and diligently ramped operations back up throughout our extensive Colombian portfolio. The Colombian government has been very supportive in resolving blockades and disruptions in areas where we have operations.
Although the blockades impacted Gran Tierra’s second-quarter 2021 production volumes, we believe that barrels not produced that quarter were simply deferred to future quarters, with no expected impact on reserves.”
The President and CEO of Gran Tierra, Gary Guidry
When 2021 started, GTE stock was at $0.36 per share on average. Now on July 27th, the company’s stock price has reached $0.60 per share on average. This is significant progress in just over 6 months or so. And, with reopening on the horizon, we could see GTE begin to show higher demand for its products. Keeping all of this in mind, will GTE be on your penny stocks list this week?
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)
Seanergy Maritime Holdings Corp. is an industrial penny stock that we have covered frequently in the past few months. This is the result of the increased attention toward the shipping industry and higher demand for the goods that it ships worldwide.
In addition, investors often watch shares of SHIP stock spike or fall frequently alongside how trending the stock is at a given point in time. For some context, Seanergy Maritime Holdings transports dry bulk commodities by sea internationally. The main products that Seanergy transports are iron ore and coal, however, it also ships a large variety of other dry bulk goods.
On July 27th, Seanergy announced the delivery and immediate period employment of one of its Capesize vessels. Seanergy took delivery of the M/V Friendship, a 176,952 dwt Capesize bulk carrier. Seanergy has also set the date for its new financial results report. The results will be released on Thursday, July 29th before the market opens.
SHIP stock has increased significantly in the market, going from $0.50 per share on average at the start of 2021 to $1.02 per share as of July 27th. This represents over 100% in gains during that time, which is not something many other penny stocks can say for themselves. Considering all of this, is SHIP stock worth adding to your watchlist right now?
Which Reopening Penny Stocks Are You Watching Right Now?
Finding the best reopening penny stocks is all about considering which companies may benefit the most. With so many to choose from, there are plenty of options for your watchlist.
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However, it’s important to consider both their current and future potential, as this will help to show what the time frame of your investment could be. With all of this in mind, which reopening penny stocks are you watching right now?
