can you make a lot of money with penny stocks

Although the general market can experience times of low and high volatility, penny stocks constantly experience high volatility. Because of this, there can be a list of penny stocks that run 30% or higher on a daily basis. Swing traders might have to wait a few days for comparably large moves. Needless to say, here are some of the penny stocks to watch this month:

Penny Stock To Watch #1: Emerge Energy Services LP (EMES)

Emerge Energy Services LP (EMES Stock Report) is a silica sand mining and distribution company. Emerge Energy sells the silica to fracking companies who make oil and natural gas wells. The energy penny stock saw a 145% increase today, from $0.17 to $0.43.

EMES stock chart

This is attributed to recent penny stock news coming from the company. They announced a restructuring support agreement with one of their subsidiaries, Superior Silica Sands LLC.

Penny Stock To Watch #2: MYnD Analytics Inc. (MYND)

MYnD Analytics Inc (MYND Stock Report) is a company that is expanding the way we treat mental health conditions. The company developed a technology known as Psychiatric Electroencephalographic Evaluation Registry or “PEER”. PEER connects the results of treatments from mental health patients across the world in order to promote better care.

MYND stock chart

The company saw volume pick up on May 20 which carried into May 23. This volume uptick was a result of some action by one of MYnD’s subsidiaries, Acradian Telepsychiatry. They signed an agreement with Memorial Hospital to provide telebehavioral health services.

“We are excited to offer telebehavioral health services through our partnership with Arcadian, which will help ensure our patients have access to mental health services.”

Kent G. Nicaud, President & CEO of Memorial Hospital

This healthcare penny stock saw a 48% jump on some interesting news early on May 23. MYnD announced that some investors are purchasing $2.8 million worth of MYnD’s common stock. The purchase occurred at just about the market price before the big spike. The price went from $1.02 to $1.55 in a matter of hours.

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