3 Hot Penny Stocks For Your September Watchlist
As September breezes by, many investors are wondering which penny stocks are worth buying. And while the market is highly volatile right now, the long list of penny stocks doesn’t tend to play by the rules. This means that even in times of tumultuous trading patterns, investors can find potential winning penny stocks to buy.
Right now, the main factor on everyone’s mind is Covid and the state of the U.S. economy. Both of these are in flux as Covid cases decrease slightly, and the economy slows its pace. But, with any market volatility, there is always room for investors to take advantage. Because most traders tend to swing trade penny stocks, large intraday fluctuations in value can be a big positive.
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However, it’s worth noting that it takes a strong investment strategy and an even stronger trading education to do so. And before all of that, investors should make sure that they fully understand their own unique tolerance for risk. This is the best way to align your holdings with your portfolio goals. So know what type of trader you are, and use that to your advantage.
At the end of the day, making money with penny stocks can be easy if you have the right tools at your disposal. And while the large fluctuations we are witnessing right now can make the stomachs churn of even the most seasoned investors, those who know how to use it to their advantage will come out on top. Considering all of this, let’s take a look at three penny stocks that you may want to add to your watchlist in September 2021.
3 Must Watch Penny Stocks in September 2021
- Enveric Biosciences Inc. (NASDAQ: ENVB)
- Yamana Gold Inc. (NYSE: AUY)
- Sonim Technologies Inc. (NASDAQ: SONM)
Enveric Biosciences Inc. (NASDAQ: ENVB)
Enveric Biosciences Inc. is a biotech penny stock that has climbed by over 40% in the past five days. This is a sizable gain and one that reflects both the company’s business model and the biotech industry right now. For some context, this company develops cannabinoid medicines to treat patients with cancer. Its current programs include medicines for rashes, dry skin, radiodermatitis, and more.
In July, the company announced approval from Israel’s Ministry of Health to start its Phase 1 and 2 trial of triple-combination CBD treatment for glioblastoma. This lead asset, EV101, is designed to investigate the safety and efficacy of synthetic cannabidiol when administered alone or with clomiphene.
“Our goal with this study is to enhance the existing treatment’s efficacy through adding CBD to create a new standard of care, potentially improving and extending glioblastoma patients’ quality of life.”
The Chief Medical Officer of Enveric Biosciences, Rober Wilkins
ENVB stock price has been rapidly climbing over the last month. And, with this Phase 1 and 2 trial on the horizon, ENVB looks like it is well-positioned to take advantage of the future. With this in mind, will ENVB stock be on your September penny stocks watchlist?
Yamana Gold Inc. (NYSE: AUY)
This next penny stock, Yamana Gold Inc., is a mining stock that has grown alongside the precious metals industry in the past few weeks. It’s worth noting that mining stocks tend to be more stable than other penny stocks, as mining is a rather predictable industry.
If you’re unfamiliar with AUY, it is a precious metal producer with operations in The Americas in countries such as Canada and Brazil. Yamana currently has production, development stage properties, exploration properties, and more for both gold and silver.
On September 6th, the company reported positive exploration results at its producing mines. Its new zones and targets were identified with the potential to significantly expand its mineral resource base, as well as increase the mine life.
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The company will provide an update on its generative exploration program including exploration results at Wasamac by the end of the month. While gold prices have pulled back in the last week, this seems like a natural correction given the bullish sentiment seen during the weeks prior. With this in mind, will AUY be on your list of penny stocks to watch?
Sonim Technologies Inc. (NASDAQ: SONM)
Sonim Technologies Inc. is a penny stock that has climbed by over 15% in the past five days. As a large part of the industrial tech industry, Sonim has a sizable placement in several unique areas of the market. Among its offerings is a large range of ruggedized mobile devices used for field-related applications. It currently offers the Sonim XP8, XP5s, XP3, RS60, and much more. These products are made for companies in the logistics, construction, manufacturing, and utility industries.
On August 16th, the company reported its second-quarter results for 2021. During the second quarter, Sonim pulled in net revenues of $12 million, a slight decrease from Q1 2021’s net revenue amount of $12.2 million. Its gross profit increased 8% quarter over quarter, and its gross margin went up 2.1%. These numbers are positive, despite the slight decrease in its revenue.
“Sonim has made significant progress preparing for the third-quarter launch of the first of our next-generation devices, an enhanced version of our highest volume feature phone. We expect this launch to be the start of a series of planned launches of products over the coming quarters, including the fulfillment of the two design awards at a major US carrier that we previously announced.”
President and COO of Sonim, Bob Tirva
The recent bullish sentiment for SONM stock seems to be a reflection of these more or less positive results. Keeping this information in mind, will this company be on your penny stock watchlist this month?
Which Penny Stocks Are You Watching Right Now?
With so much going on in the stock market, it can be difficult to find the best penny stocks to buy. However, with a careful look into how the market is operating, investors can find penny stocks that may have value in either the short or long term.
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But before this, make sure to understand exactly what type of trader you are and how to use that to your advantage. So, with all of this in mind, which penny stocks are you watching right now?
