With Memorial Day 2019 coming up some people are looking to make some quick money to spend on the holiday weekend. Look no further than trading penny stocks. Because their prices are under $5, buying penny stocks is easy and their profit potential is huge.
The biggest difficulty is finding which penny stocks to buy but don’t worry we got you covered! Here are 5 penny stocks to watch that have made early jumps:
Penny Stock #1 – Nobilis Health Corp. (HLTH)
Nobilis Health Corp. (HLTH Stock Chart) is a healthcare development and management company. The have multiple facilities from hospitals to surgery centers. This healthcare penny stock since the premarket opened has increased from $0.1515 to $0.1995. The move is also backed by a surplus of over 400,000 volume on the day so far.
Penny Stock #2 – Outlook Therapeutics Inc. (OTLK)
Outlook Therapeutics Inc. (OTLK Stock Chart) is a biopharmaceutical company that is developing and selling a monoclonal antibody for various ophthalmic indications. So far, Outlook has seen a 22% increase this morning.
The biotech penny stock has been performing well over the last few days and its continuing to give investors strong profits. This momentum is thanks to the company reporting their Q2 business highlights and appointment of Dr. Jennifer Kissner to Senior Vice President of Clinical Development.
Penny Stock #3 Cyclacel Pharmaceuticals Inc. (CYCC)
Cyclacel Pharmaceuticals Inc. (CYCC Stock Chart) is also a biopharmaceutical company but they develop therapies to target phases of cell cycle control to treat serious diseases like cancer. Like its healthcare counterparts, Cyclacel has seen strong gains. In fact, it has shot up 35% thus far. The stock is trading with 1.2 million volume and is looking very promising.
Penny Stock #4 – Jaguar Health Inc. (JAGX)
Jaguar Health Inc. (JAGX Stock Chart) is a company focused on creating and commercializing human gastrointestinal pharmaceuticals for the world. This pharmaceutical penny stock’s previous close was at $0.16 and has been trading between $0.18 and $0.20 throughout the morning.
This move was backed by the company releasing strong Q1 financial results. The company’s net sales increased by 154% year-over-year. In addition, their Mytesi prescription volume also saw a 98% increase.
Penny Stock #5 – MYnd Analytics Inc. (MYND)
This is a healthcare technology company that is changing the way we prescribe and treat mental health conditions. MYnd Analytics Inc. (MYND Stock Chart) gapped up 19.5% going from $1.13 to $1.35. If this stock sees stronger volume backing, there may be a potential trade later in the morning.
The stock is still moving based on the news discussed on May 24: Can You Make A Lot Of Money With Penny Stocks? These 2 Are Up Big Today. MYnd 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,” stated Kent G. Nicaud, President & CEO of Memorial Hospital
