The Robinhood trading app has been made popular by a younger generation. Many of them are looking at penny stocks to buy. Even though the broader markets are down this week, many micro cap stocks are making big moves. Here are 3 penny stocks on Robinhood that have been making big moves this week:
Neptune Wellness Solutions Inc. (NEPT)
Market Cap: $346.637M
Neptune Wellness (NEPT Stock Report) has been making a move for longer than a week. This stock has been very active over the last 30 days, in fact. On Thursday, the stock made new 2019 highs of $4.36. This was up from lows of $2.38 just a few weeks prior.
Neptune has been folded into the list of marijuana stocks to watch this year. Most recently the company announced its conference schedule. In addition to this, Neptune will be offering turnkey product development solutions with hemp-derived ingredients to business customers in the United States.
Globalstar, Inc. (GSAT)
Market Cap: $785.938M
The tech penny stock caught attention this week after releasing its earnings. Among key highlights, Globalstar (GSAT Stock Report) recorded a 16% increase in its subscriber base. In addition, the company recorded stronger sales as well. “The success across our product portfolio demonstrates our ability to address various use cases and applications that are required by our customers in the rapidly growing IoT market,” said Dave Kagan, Chief Executive Officer of Globalstar.
Antares Pharma, Inc. (ATRS)
Market Cap: $491.112M
Antares Pharma, Inc. (ATRS Stock Report) just makes the list today. It isn’t for the fact that it steadily increased all week. It’s because the penny stock has managed to get back everything it lost in share price over the last 30 days. Since early March, ATRS stock declined from highs of $3.96 to as low as $2.60. This week, volume began to creep back up and today the stock price popped.
But why? Well, an 83% increase in quarterly revenue doesn’t hurt, right? The quarterly financials reported by Antares impressed Wall Street enough to trigger buying all the way up to highs of $3.04. This is a price that the stock hadn’t seen since the first week of April. Can the trend continue? We’ll be watching