Are These Penny Stocks on Your December Watchlist?
In December 2021, there is a sizable amount of bullish sentiment with penny stocks. As a result of the sheer number of factors impacting the stock market, those who know how to trade penny stocks can take advantage. Right now, the major impacting events include high inflation, the Omicron variant, and a large uncertainty about the future.
All of this has combined to make the stock market more volatile than it has been in many years prior. If you trade penny stocks or blue chips, you’ve likely seen these large market fluctuations front and center. As stated earlier, the high amount of uncertainty surrounding the stock market means that we will likely continue to see momentum in both directions.
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But, with the right research by your side, making money with penny stocks can be entirely possible. In addition to research, investors should have a consistent and well-thought-out trading strategy that can mold to whatever is going on in the market at a given time. With all of this in mind, let’s take a look at three penny stocks to watch with bullish sentiment right now.
3 Penny Stocks to Add to Your Watchlist Right Now
- Kosmos Energy Ltd. (NYSE: KOS)
- Atossa Therapeutics Inc. (NASDAQ: ATOS)
- Camber Energy Inc. (NYSE: CEI)
Kosmos Energy Ltd. (NYSE: KOS)
Kosmos Energy Ltd. is a penny stock in the oil and gas industry that has climbed in value by over 4% in the past five days. While this may not seem like a lot, we don’t often see energy stocks rise this substantially in a short time frame. If you’re not familiar, the primary focus of the company is deepwater oil and gas exploration and production. Its assets are all located in the Atlantic Margins, in regions such as Ghana, the United States Gulf of Mexico, and Equatorial Guinea.
Kosmos released its third-quarter financial figures for 2021 on November 7th. The company generated a net output of 49,300 barrels of oil equivalent per day (boepd) and a sales volume of 32,700 boepd. Kosmos earned a total of $199 million in revenue during this period. In this time, the company generated a net loss of $29 million and an adjusted net loss of $43 million.
“Looking forward, growing production and increased exposure to current oil prices as 2021 hedges roll off give us visibility to materially higher EBITDAX and cash flow in 2022, with leverage expected to continue to fall. Over the next year, we also expect to substantially de-risk the delivery of Tortue Phase 1 while advancing Phase 2 to maximize the value of our significant gas resources in Mauritania and Senegal.”
The Chairman and CEO of Kosmos, Andrew G. Inglis
Considering that the energy industry is heating up right now, there is a lot to look forward to with Kosmos. Based on this new information, will KOS be on your list of penny stocks to watch?
Atossa Therapeutics Inc. (NASDAQ: ATOS)
Atossa Therapeutics Inc. is a biotech penny stock that has seen solid bullish momentum in the last few trading days. Despite an almost 70% drop in value in the past six months, it seems as though shares could be seeing more momentum right now. For some context, Atossa is a clinical-stage biopharmaceutical firm focused on developing novel oncology and infectious disease medications, with a current focus on breast cancer and COVID-19. Its Endoxifen product is in Phase 2 clinical trials to treat and prevent breast cancer.
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On December 6th, Atossa completed its pre-investigational new drug meeting with the U.S. Food and Drug Administration. The purpose of this meeting was to get input from the FDA on pre-clinical, clinical, manufacturing, and regulatory matters in the U.S. for its Z-endoxifen to treat breast cancer in patients before surgery.
“Holding a PIND meeting is a critical milestone in the regulatory pathway. The feedback we received will be very helpful in preparing our request to the FDA to open an IND for a multi-center Phase 2 study to further advance our Z-endoxifen in the neoadjuvant setting.”
The VP Clinical, Regulatory, and CMC of Atossa, Dr. Heather Fraser
Up 4.15% on December 6th, will ATOS be on your list of penny stocks to watch?
Camber Energy Inc. (NYSE: CEI)
Camber Energy Inc. is a penny stock that pushed up by almost 10% in the last two trading days. As a major energy penny stock, Camber is based in Texas and works on the production of oil and gas. Its central objective is to acquire and produce crude oil, natural gas, and natural gas liquids to then sell globally. As of March 31, 2020, its total estimated proven reserves were 133,442 million barrels of oil equivalent.
On December 2nd, Camber’s majority-owned subsidiary Viking Energy Group Inc. entered a Membership Interest Purchase Agreement. This agreement is to acquire a 100% interest in a group of companies that are working on a processing plant in Reno, Nevada. The group of companies is constructing, engineering, developing, and bringing the facility into commercial operations.
It states that the plant’s production capacity once operational is expected to be around 43 million gallons per year. This facility was designed to produce renewable diesel, which is a biofuel that is chemically the same as petroleum diesel fuel. This is a big deal and could help to vastly increase the output that Camber Energy has. While it’s too soon to say exactly how this will benefit the company, it’s clear that investors feel confident in the future of CEI. Noting this recent advancement, will CEI stock make your watchlist this month?
Which Penny Stocks Are on Your Buy List?
If you’re looking for the best penny stocks to buy right now, there are plenty of options to choose from. While it’s easy to find stocks that are trending for your list, the best way to make money with penny stocks is to put in the time researching.
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Information will always be your best friend when it comes to small caps, and for that reason, it is crucial to investing. Considering all of this, which penny stocks are on your buy list?
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