best penny stocks to buy now

Are These Penny Stocks On Your Watch List Right Now?

There has been a lot of volatility in the stock market this year, and much of that has been brought about by extraneous factors. The United States military action in the Middle East proved to be a destabilizing trigger. On top of that, in recent weeks, the breakout of the coronavirus has been another factor behind the uncertainty in the markets.

The coronavirus scare spread outside China and has now become a global issue. However, some penny stocks managed to record gains despite the turmoil in the markets. Here is a look at several penny stocks investors could be watching before next month

Penny Stocks To Watch Before March: International Land Alliance

Market activity has begun picking up this week for International Land Alliance (ILAL Stock Report). A company that’s been mentioned for a few weeks now, the company focuses on real estate development. According to International Land Alliance, it boasts an asset portfolio with an appraised value of nearly $30 million. When you consider that the market value of the company, it could become clear why it has attracted attention this year.

While the real estate sector outperformed the broader market so far this year, a company with a $20 million market cap and a portfolio with such an appraised value might seem likely to attract attention. Its main target areas are in an untapped area of development in Baja California, Mexico. Believe it or not, Mexico is the world’s 15th largest economy with the potential to become 5th by 2050. It’s the most stable economy in Latin America. Over the next two years, the International Monetary Fund projects a growth of 2.3% and 2.7%, respectively.

It’s also worth mentioning that this particular area of Northern Baja California, Mexico has quickly become a hotbed for tourism and even baby boomers looking to relocate. Tourism officials in Baja California expect to see a 5 to 7 percent increase in tourists in 2019, according to Baja California’s Secretary of Tourism Óscar Escobedo Carignan. Furthermore, estimates put the number of ex-pats in Mexico at well over 1 million and increasing every year. This trend is expected to grow with 10,000 baby boomers in the U.S. reaching the age of 65 every day for the next 19 years thanks to vibrant culture, affordable cost of living and excellent healthcare.

Penny Stocks To Watch Before March: Tarena Pharmaceuticals

penny stocks to watch Tarena International (TEDU)

Tarena Pharmaceuticals (TEDU Stock Report) has had a volatile year so far. Much of that was seen in January when it fell back to the earlier levels after having rallied by as much as 55% in the first three weeks of the year.

In mid-January, the company announced that Nasdaq notified in a letter that Tarena stock had regained compliance with regards to the minimum bid price. That could have been one of the reasons why the market refocused attention on the company.

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The company’s a provider of professional education services in China. Through its platform, Tarena offers professional education courses in IT and non-IT subjects. Despite not having much by way of new updates, shares of this penny stock have taken off this week. Since Monday, shares of TEDU stock have climbed from $2.27 to highs of $3.42 during early trading on Wednesday.

Penny Stocks To Watch Before March: Sunesis Pharmaceuticals

penny stocks to buy Sunesis Pharmaceuticals Inc. (SNSS)

Sunesis Pharmaceuticals (SNSS Stock Report) has emerged as one of the better performers from among penny stocks in 2020 so far. SNSS stock has rallied steadily over the course of the past weeks. In fact, since the start of January, it has climbed as much as 225%. On Tuesday, the company announced that CFO Willie Quinn is going to make a presentation at a key industry event.

The event in question is the 40th Annual Cowen Health Care Conference. If Sunesis is on your penny stocks watch list, the event is on March 3. So that could be a date to keep in mind heading into the new month.

Late last year, we covered Sunesis after its last big update. The company reported Phase 1b/2 trial data of its vecabrutinib therapy. While this was premature according to the company, it was welcomed by the market. At the time, shares traded around $0.20 and obviously you can see how far it’s come since. Investors could keep an eye on SNSS stock in the meantime.

Penny Stocks To Watch Before March: Neptune Wellness

penny stocks to watch Neptune Wellness (NEPT)

On the other hand, Neptune Wellness (NEPT Stock Report) continued its rally on Wednesday as it extended its gains from earlier in the week. Over the past few days, the stock has rallied by as much as 24%. On February 18, the health and wellness products company announced the launch of two new brands.

One of those is Forest Remedies, while the other is Ocean Remedies. Both of those products can be bought from dedicated websites. However, in light of these positives, you also need to look at the risks involved. Right now marijuana penny stocks have gotten beaten up pretty badly. Many of the “market leaders” are mere shadows of what they previously were a year ago.

[Read More] Gold Penny Stocks Get Booster Shot From Coronavirus Concerns

While the hype may have died down a bit in cannabis, it’s still important to understand that the industry itself is still very young. If speculation is ok in your book, then it may be an industry worth watching. However, proper research is necessary in my opinion. Needless to say, shares continue to make new highs this week as NEPT may be one of the penny stocks to watch before March.

Penny Stocks To Watch Before March: Tonix Pharmaceuticals

penny stocks to watch Tonix Pharma (TNXP)

Lastly, investors could also consider having a look at Tonix Pharmaceuticals (TNXP Stock Report), which continued its rebound from Tuesday. By the time the market opened on Wednesday, shares were already soaring. Before 10 AM EST, TNXP stock traded over 39 million shares. After hitting 52-week lows of $0.3902 earlier this week, the pharmaceutical penny stock reached highs of $0.9027 Wednesday morning.

What triggered such a move for this penny stock? The company may have made one of its biggest announcements of the year. Tonix reported that it entered into a strategic collaboration with Southern Research. This is to support the company’s development of its TNX-1800 vaccine. The goal is to offer a viable option for treating the novel coronavirus plaguing the world.

Dr. Seth Lederman, CEO of Tonix Pharmaceuticals said, “Although vaccinia vectors are available, different orthopoxvirus strains may behave differently as vectors in part because of their different repertoire of genes that modulate immune responses and host range. Potential advantages of horsepox are the strong immunogenicity we observed in macaques and mice with good tolerability. The protein synthesis connected with a replicating live virus vaccine provides direct antigen presentation, which can stimulate cellular immunity in addition to humoral immunity.”

penny stocks to watch today

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