Penny stocks have been on fire as of late, bringing investors large returns. When trading penny stocks, traders should keep an eye on how much attention a stock is getting. You can set up screeners to find them, but we found some for you. Here are some penny stocks to watch before your well-deserved holiday weekend:
Retail Penny Stocks
Reebonz Holding Limited (RBZ Stock Report) is a retail company selling a wide variety of luxury products. Its retail service boasts over 34,000 designer items and constantly takes in new products to sell. The company recently expanded its ‘Sell to Reebonz’ platform to Asia and Australia. As a result, the company’s stock gapped up over 23% bringing a surge of volume.
“We are in the midst of a revolution in Asia as consumers have increasingly started to recognize the value and greater sustainability that pre-owned products offer. Over the past decade, we have been fortunate to have cultivated a loyal base of buyers and sellers who think of us as their trusted partner for buying and selling luxury products.”
Daniel Lim, Co-Founder and CPO of Reebonz
Tech Penny Stocks
Aqua Metals Inc. (AQMS Stock Report) is a waste management company that recycles lead products. The company uses its AquaRefining technology to recycle lead in a cleaner and more cost-effective way. The recent news that the company had its fourth straight month of increased ingot production has helped propel AQMS stock 11%. Aqua increased its production of AquaRefined lead from 200,000 pounds in May all the way to 312,000 pounds in June.
“We are continuing to optimize the newly-installed Phase One equipment which has allowed for increased concentrate production and contributed to the steady rise in production throughout the quarter and the record number of finished, AquaRefined lead ingots in June.”
Steve Cotton, President and CEO of Aqua
Biotech Penny Stocks
Aethlon Medical Inc. (AEMD Stock Report) is a medical device company that developed a product known as the Hemopurifier. This medical technology device is used to treat diseases like Ebola, Hepatitis C, and Human Immunodeficiency. Furthermore, the Hemopurifier can collect tumor-derived exosomes in breast, ovarian, and metastatic melanoma cancers.
Aethlon has been providing investors with penny stock news to sink their teeth into this week. First, it announced a strategic joint cross-licensing agreement with SeaStar Medical Inc. They then followed up by announcing their fiscal year end results on July 2nd. Its financials were well received as AEMD stock has skyrocketed 38% thus far.
SELLAS Life Sciences Group Inc. (SLS Stock Report) is a biopharmaceutical company looking to create and sell immunotherapies for different cancers. It currently has 3 drugs in the pipeline rapidly going through the trial process with many close to Phase 3. These drugs treat acute myeloid leukemia, multiple myeloma, ovarian cancer, breast cancer, and a few other diseases.
During June 2019, SELLAS announced the closing of a $15 million public offering. This is important because it shows strong sentiment in the company for an investor standpoint. Furthermore, this penny stock news brought a consistently strong volume for the stock across multiple weeks. So far, the stock is up 26% and with this volume, could the biotech penny stock make a move higher still?
Like This Article? Check Out: How To Make Money With Penny Stocks
