Some of the best penny stocks to buy generally have above-average trading volume. They may also have a catalyst like news. Investors who look for these 2 things can build a very strong penny stock list.
Penny stock trading can bring investors quick and large profits compared to trading mid or large-cap stocks. If a company is strong, it could become very successful 3 or 4 years down the road. Check out the article 8 Penny Stocks That Became Billion Dollar Companies and see for yourself.
Nevertheless, these are some of the advantages of investing in penny stocks. Here are some of the top penny stocks to watch on September 27th:
Penny Stocks To Watch #1: Applied Genetic Technologies Corporation (AGTC)
The first company on this list is a biotechnology company called Applied Genetic Technologies Corporation (AGTC Stock Report). The company primarily creates therapies for patients with rare and debilitating diseases. For now, Applied Genetic is zeroed in on the field of ophthalmology. It currently has clinical trials for retinitis pigmentosa, achromatopsia, and X-linked retinoschisis.
Recently, the company announced its financial results and a business update for Q4. The company announced that a promising topline 6-month dose escalation for its clinical trial of X-linked retinitis pigmentosa.
The preliminary data for this clinical trial showed an improvement in 50% of the patients. AGTC stock gapped up 6.25% with above-average volume thanks to this catalyst.
Penny Stocks To Watch #2: Guardion Health Sciences Inc. (GHSI)
The next penny stock to watch is in the healthcare sector. Guardion Health Sciences Inc. (GHSI Stock Report) is a medical devices and products company aiming to detect and fix eye diseases. The company offers medical devices like the VectorVision or the MapcatSF to asses certain qualities related to vision. Its products like Lumega-Z replenish macular pigment.
Guardion Health’s stock is gapping up from $0.73 to $0.82 for a strong premarket gap up of almost 11%. The stock has been thriving the past week thanks to penny stock news regarding a recent acquisition. Guardion acquired NutriGuard Formulations Inc which created nutraceuticals to supplement consumers’ diets to prevent diseases.
Penny Stocks To Watch #3: The9 Limited (NCTY)
The final on this list of penny stocks to watch comes from the technology sector adding a little diversity to this list. The9 Limited (NCTY Stock Report) is an online games company based out of China.
The company is also beginning to get into blockchain. This tech penny stock is up over 35% during premarket action on September 27th. It jumped from $1.02 to $1.37.
The reason for this strong move upwards is thanks to some news like Guardion Health. The9 announced that it has signed a definitive agreement with Kapler Pte. Ltd. The company will sell The9 Interactive Ltd. and The9 Computer Technology Consulting Co in exchange for RMB439 million.