3 Penny Stocks For Your Watchlist Right Now
With another day of trading penny stocks here, which small caps are the best for investors to watch right now? Well, to understand that, we have to take a look at the most current penny stocks trends and how they may affect your portfolio moving forward. In the stock market, there are hundreds of penny stocks to choose from. But, not all will be worth it for either the short or long term.
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The best way to begin investing in penny stocks is to understand exactly what your investing style is. On one hand, we have those that invest in penny stocks, hoping to make long-term gains. While this is not the most common given how volatile penny stocks are, there is plenty of potential with this strategy.
On the other hand, we have the most common method of trading penny stocks; swing trading. This is also known as short-term holding and involves buying and selling penny stocks in a very short time frame. The time frame could be anything from a few minutes to a few hours and even a day or two.
But, this strategy relies on high volume and rampant price action. In November 2021, there is no shortage of volatility in the stock market. With so many factors occurring simultaneously, making money with short-term price swings is entirely possible. Considering this, let’s take a look at three penny stocks to add to your watchlist right now.
3 Penny Stocks For Your Watchlist Right Now
- Camber Energy Inc. (NYSE: CEI)
- Ambev S.A. (NYSE: ABEV)
- Amarin Corporation plc (NASDAQ: AMRN)
Camber Energy Inc. (NYSE: CEI)
Camber Energy Inc. is an energy penny stock that has been discussed frequently in the past few months due to its rapid price movement. During premarket trading, shares of CEI stock managed to shoot up by over 20%. This brings its six-month gain to over 70%, which is no small feat. If you’re not familiar, Camber is an oil and gas corporation that acquires and develops various energy-related assets. Among its acquisitions are crude oil, natural gas, and natural gas liquids. As of March 31st, 2020, the company had total estimated proved reserves of 133,442 million barrels of oil equivalent.
In August, the company received an intellectual property license for a patented carbon capture device. This exclusive license provides Camber access to the ESG Clean Energy System. The system is used to make power from combustion engines and uses waste heat to absorb the CO2 emissions. This is a major breakthrough and one that could provide Camber Energy potential moving into the next few months and beyond.
“In my view, this transaction positions us as an industry leader in terms of being able to assist with the power generation needs of commercial and industrial organizations while at the same time helping them reduce their carbon footprint to satisfy regulatory requirements or to simply follow best ESG-practices.”
The CEO and President of Camber, James Doris
Considering the major bullish sentiment around energy stocks right now, it’s no wonder that CEI is making headlines. Noting this new information, will CEI be on your penny stock watchlist?
Ambev S.A. (NYSE: ABEV)
Ambev S.A. is a beverage corporation that is based in Brazil. The company is involved in the production, distribution, and sale of various beverage-related products. Ambev sells items under the brands Pepsi, Gatorade, Fusion, Corona, Bud Light, and many more popular IPs. Among its products are alcoholic beverages, non-alcoholic beverages, and some food products.
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In the most recent update from Ambev, its quarterly net profits grew 57% year over year. This was a large increase for the company and a very important one for investors to consider. The company’s net revenue grew by 20% during the same period. In addition to all of this, Ambev experienced an adjusted EBITDA growth of 7.8% year over year. The numbers are very positive and paint a strong picture that Ambev is growing right now. And after months of dealing with pandemic-related issues, that is a great sign for investors.
Ambev’s stock will often move for a number of reasons. For example, retail investors on social media have often caused penny stocks to go up or down. This is a phenomenon that ABEV stock has experienced in the past as well. At the moment, investors should look forward to the next update from the company. For now, will ABEV make your list of penny stocks to watch?
Amarin Corporation plc (NASDAQ: AMRN)
Amarin Corporation plc is a biotech penny stock that climbed by over 10% on November 16th before correcting slightly. This company creates products to treat cardiovascular diseases in the United States. Amarin develops and commercializes a large range of medicines for use in cardio-related ailments. One of its lead products is VASCEPA which is used as an adjunct to diet for those with hypertriglyceridemia. It sells its products to pharmacy providers and wholesalers.
On November 16th, the company posted encouraging data for its Vascepa product in patients with peripheral artery disease. The investigators concluded that Icosapent ethyl 4g per day reduced total primary endpoints by 32%. This means that the product provides a large risk reduction for those with cardiovascular issues.
“We are committed to serving patients with cardiovascular (CV) disease and the data presented at this year’s AHA annual meeting provide further evidence of the CV benefits of VASCEPA/VAZKEPA in specified high-risk patients, potentially including those with peripheral artery disease.”
President and CEO of Amarin, Karim-Mikhail
In November 2021, many investors are watching biotech penny stocks. This has been a phenomenon since the start of the pandemic as it led traders to focus on health-related stocks. However, more than a year and a half after it began, we are still seeing bullish sentiment on the biotech industry. Based on all of this information, will AMRN be on your penny stock watchlist moving forward?
Which Penny Stocks Are You Watching Right Now?
When it comes to finding the best penny stocks to buy, the options are limitless. But, all investors should use a proper trading strategy in addition to having a thorough understanding of their own tolerance for risk.
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Considering that there is a major amount of movement in the stock market right now, it all comes down to knowing how to benefit from large price swings. With that in mind, which penny stocks are you watching right now?
