Investing in penny stocks can be a highly rewarding endeavor. Why? There is always the possibility of making money if the right penny stocks are picked. However, picking the right stocks can be tricky.
So an investor needs to do research to land winners. This research entails things like making a list of penny stocks to watch. After that, you’d need to target companies that may be preparing for fundamental events like earnings or penny stock news.
Keeping an eye on the market and watching the latest moves is one of the more effective ways of choosing a stock. Here is a look at 4 penny stocks that made significant gains in July so far.
Top Tech Penny Stock To Watch:
Taronis Technologies (TRNX)
Taronis Technologies Inc (TRNX Stock Report) has been on an excellent run in July. TRNX stock soared by as much as 250% since the beginning of the month. On July 16, the company announced another development that boosted its stock by 29%. Taronis is involved in clean technology processes.
The tech penny stock company announced its commercial pilot project on water decontamination was a successful one. It is a significant development and one that could have far-reaching consequences. It is definitely one of the penny stocks that should be added to the watch list.
Top Biotech Penny Stock To Watch:
Curis, Inc. (CRIS Stock Report) may have been one of the biggest penny stock gainers in July. CRIS stock saw an upsurge of as much as 55% so far. But the curious thing is that there has not been any penny stock news that could have pushed the stock higher.
Maybe the investors know something that the financial media doesn’t? Curis focuses on targeted treatment for cancer. The company recently highlighted a publication titled “U2AF1 mutations induce oncogenic IRAK4 isoforms and activate innate immune pathways in myeloid malignancies” in Nature Cell Biology.1. What did it show?
“We are encouraged by these findings in Nature Cell Biology, which support that CA-4948’s unique target profile may be beneficial to patients with myeloid malignancies and, in particular, those with IRAK4-L and U2AF1 mutations.”Jim Dentzer, President and Chief Executive Officer of Curis.
The company reported is Q1 2019 earnings back in May and made a loss of $9.9 million. The total revenues came in at $2.1 million.
Top Tech Penny Stock To Watch #2
Rekor Systems Inc. (REKR)
Rekor Systems Inc (REKR Stock Report) has been another big penny stock to watch this month. REKR stock is starting to find itself on more investors’ penny stock watch lists as well and for good reason. In July so far, the stock has gained 58%.
On July 16 it had another spike after Rekor Systems joined NVIDIA’s (NVDA) highly influential Metropolis Software Partner Program. Yesterday, the stock gained 10% and has continued higher on Wednesday to make new 2019 highs of $2.94.
Top Energy Penny Stock To Watch:
American Electric Technologies (AETI)
Last but not least; it was American Electric Technologies, Inc. (AETI Stock Report) that proved to be another significant gainer this month. Although there has been no news from this penny stock in July, in the last week of June, the company had made an important announcement.
American Electric Technologies provides power delivery solutions for global energy companies. It announced receipt of $725,000 from a joint venture that it had formed in China. It remains to be seen how the penny stock performs in the next few days. Without news, I assume that this is just moving on sheer market momentum. After hitting new July highs on Wednesday, the volume will be something to pay close attention to.
Many times, this technical indicator can be a key to monitoring interest in a stock. If price continues higher but volume declines, that may be a sign that a bear trend could come next. As far as AETI stock is concerned, the highest volume was on July 15 but has since noticeably decreased.