Penny stocks are back in focus and several are gapping up before the opening bell at the start of the week.
Investors are always looking for the next big play that can make them big money. Luckily, trading penny stocks is a way to make money relatively quickly if you know what you’re doing. The most difficult thing about penny stocks is knowing which penny stocks to buy.
Typically the best ones are attracting other investors and bringing in good volume. Other stocks will see positive news & industry catalysts that can trigger momentum. Here are 4 penny stocks to watch in the healthcare and technology sectors on September 9th:
Healthcare Penny Stocks Gapping Up
Healthcare Penny Stock #1: Sintx Technologies Inc. (SINT)
The first healthcare penny stock to watch, Sintx Technologies Inc. (SINT Stock Report) is a healthcare company that uses its silicon nitride technology to create medical devices. The company primarily focuses on spinal fusion products and is creating devices for hip and knee arthroplasty. The healthcare penny stock gapped up over 40% during pre-market hours on September 9th.
SINT stock is making this move because of recent company news about its patent filings. The announcement revealed the company has a new patent titled “Methods of Surface Functionalization of Zirconia-Toughened Alumina with Silicon Nitride.” In addition, its patent filing for the anti-viral properties of silicon nitride was transitioned to non-provisional and PCT International Applications.
Healthcare Penny Stock #2: Mallinchrodt Plc (MNK)
Another one of the penny stocks to watch in healthcare is Mallinchrodt Plc (MNK Stock Report). However, this company focuses on drug manufacturing. It mainly creates and sells autoimmune treatments along with some rare disease treatments. It’s also making waves early on September 9th.
Last week, the company announced its plan to resolve “Track 1” opioid cases with Ohio counties. Since this news broke on September 6th, the stock has been rallying after a devastating drop on September 5th. Since the drop, the penny stock has risen 22% and is gapping up an additional 6.7% during premarket hours today.
Technology Penny Stocks Gapping Up
Technology Penny Stock #1: Taronis Technologies Inc. (TRNX)
Taronis Technologies Inc. (TRNX Stock Report) is a technology company that uses its plasma arc technology for water decontamination and fuel generation. Recently, the company launched its Texas MagneGas production hub. As a result, the tech penny stock slightly gapped up but brought in above-average volume.
“The Texas market has been highly receptive to our initial marketing efforts for MagneGas. We have been deploying thousands of MagneGas cylinders into the market, and we are now constructing bulk gas containers for new clients. These containers accommodate up to 15 MagneGas cylinders per unit and are a convenient way for high volume consumers of metal cutting fuels to switch away from acetylene and adopt MagneGas instead.”Scott Mahoney, CEO of Taronis
Technology Penny Stock #2: Inpixon (INPX)
Inpixon (INPX Stock Report) is another technology company but mainly focuses on Indoor Positioning Analytics. To do this, the company utilizes its Indoor Location Data Platform. The platform collects data then assess where Wi-fi and Bluetooth devices should be positioned. Inpoxion also sells other services like the ability to develop maps on its platform.
INPX stock price was on the rise during premarket hours. As of now, the tech penny stock is up 3% with no significant penny stock news over the last week. However, the stock is bringing in abnormally high volume and has been doing so for the last month. When looking at Inpixon’s trading volume, it suddenly picked up on August 13th and has kept that up. This volume surge is thanks to Inpixon’s $4.8 million public offering on the 13th.