Penny stocks are a unique equity class. The main reason for this has a lot to do with the price per share and volatility of these types of stocks. Every day there are the unicorns of the stock market. Where big funds go crazy for 4-6% price moves, people who buy penny stocks look for more.
It’s not uncommon to see these micro-cap stocks soar well past the 100% mark. Here are 10 penny stocks to watch on April 9, 2019:
ATA Inc. (ATAI)
The educational technology company in China saw jaws dropping this morning. ATA Inc. (ATAI Report) moved up by more than 80% during the morning session. Why did ATAI move higher today? Well, it may have to do with the ATAI news that was released before the opening bell.
The company announced entry into non-binding agreements and share purchase/deposit agreements with Beijing Huanqiuyimeng Education Consultation Corp to acquire this company. Beijing Huanqiuyimeng offers educational services for students in China interested in applying for overseas art study.
Sears Holdings Corp (SHLDQ)
Yes, this is the same Sears that is or was at your local mall for decades. Sears (SHLDQ Report) has fallen on hard times and is now a penny stock. Why is SHLDQ heading higher on Tuesday? As with many value driven, long-standing corps that fall on hard times, they become a glowing target for a takeover.
On April 8, the markets were buzzing about a potential deal that would see Eddie Lampert buying 40% of the company he doesn’t own. The sticker price: $21 million. Lampert, his fund, ESL and its affiliates have a roughly 59% stake in the business. This is according to records Sears Hometown filed with the U.S. Securities and Exchange Commission.
Command Center, Inc. (CCNI)
This penny stock released news on April 8 that has acted as a catalyst in the market. Command Center (CCNI Report) entered a definitive agreement to merge with Hire Quest Holdings. Hire Quest, operating as Trojan Labor and Acrux Staffing provides collar, light , and admin staffing.
Being that Command Center provides temp staffing already, this deal seems to line up with its business model. Though there will not be any cash transacted (which could be potentially problematic down the road), the deal was inked with a 9.8 million-share position given to Hire Quest.
Yuma Energy, Inc. (YUMA)
A penny stock that has graced the “list of penny stocks” for a few days now, Yuma (YUMA Report) shares have jumped again today. The oil and gas penny stock moved up by more than 45% on April 9. Though there weren’t any new announcements made, the excitement stems from activity within the sector as well as Yuma’s recent developments. This mainly hinges around the company’s agreement to sell its California assets for over $2 million and streamlining operations.
“We are undertaking a corporate restructuring initiative which may include additional asset sales, one or more acquisitions, restructured debt facilities, equity financings or a corporate merger intended to better position the Company for the future.”Anthony C. Schnur, Interim Chief Executive Officer and Chief Restructuring Officer
Camber Energy, Inc. (CEI)
One of the lower priced penny stocks on this list, Camber Energy (CEI Report) saw another active trading session. There are no headlines to go along with this move, however, energy stocks are taking off once again on Tuesday.
Most recently the company announced into a non-binding LOI for the acquisition of a pipeline service and construction company. We’ll see what happens next. With a share float of less than 7 million and the Outstanding share figure showing the same, this could also be a technical move for the penny stock; something to monitor.
More penny stock news helping to give a boost, Chimerix (CMRX Report) joins the penny stock list on Tuesday. What did CMRX announce? Mike Sherman, the former CEO of Endocyte, was appointed as CEO. On top of this, the company added a Chief Business Officer, Michale Andriole.
Mr. Andriole was also on the Endocyte team as CFO. We will see how these management changes will help the company. Being that these two come from a company that was acquired by Novartis last year (for $2.1 billion), this could strengthen the leadership for Chimerix. Each of them has previous experience at places such as Boston Scientific, Eli Lilly (LLY Report), and Guidant.
Precipio Inc. (PRPO)
On April 8, shares of Precipio (PRPO Report) began seeing increased activity. On Tuesday, anticipation reached a breaking point when the company announced that it’s negotiating an agreement with a manufacturer to produce its IV-Cell media. Precipio focuses on addressing the issue of misdiagnosis via it’s technology.
“This is an exciting time for us, as we move towards the start of commercializing the technologies we’ve developed. The company and its shareholders deserve to reap the benefits of the innovative products developed, as we translate ideas in the laboratory into products – and revenue, for the company.”Ilan Danieli, Chief Executive Officer of Precipio
Blue Apron (APRN)
Hungry for trending penny stocks? Blue Apron (APRN Report) continues to pop up on lists of penny stocks to watch. The volatile food delivery stock has found itself back in the spotlight this week. Why is Blue Apron stock jumping this week? Much of this trend has to do with the company’s announcement last week.
Linda Koslowski came on as its new CEO to replace Brad Dickerson. Koslowski could add a lot of weight to Blue Apron leadership. Her previous endeavors include a COO position at Etsy (ETSY Report). Besides that, the market has been favorable on a period basis ever since the CNBC Stock Pick when Mr. Wonderful, Kevin O’Leary chose APRN as his #1 pick for the competition. Let’s see if he ends up being right.
Great Panther Mining (GPL)
Mining penny stocks have taken hold recently. Things like gold stocks and silver stocks are chased after during times of global economic uncertainty. Great Panther (GPL Report) found itself making headlines after releasing its 2019 production figures following the Tucano Gold Mine acquisition in Brazil.
Results showed that consolidated gold equivalent metal production jumped by 25% versus the same period last year. This shows that Tucano has immediately added to the company’s gold resources and reserves.
Westwater Resources (WWR)
The energy materials stock jumped after making its own announcement on Tuesday. Westwater (WWR Report) has new drilling and sampling exploration plans that target vanadium resources in 5 target areas. This plan targets Westwater’s Coosa Project in Alabama. The anticipated posting of a Technical Report will be on the WWR website next month. With steel jumping lately, and vanadium prices hitting $15/lb, a successful report could bode well for the mining penny stock. This story is developing.