coronavirus penny stocks to buy sell right now

Penny Stocks To Watch This Week

Fed Rate Cuts, emergency meetings, and more big developments over the weekend have triggered yet another big day of volatility. This has caused a massive breakdown in the market make-up for many blue-chip stocks right now. But that doesn’t mean opportunity hasn’t presented itself in other ways.

Since the dawn of the term “coronavirus penny stocks,” we’ve seen small-cap & micro-cap companies become niche leaders. They’ve innovated methods of potential vaccination and prevention. Whether it’s a drug company or one that makes face masks, the majority of coronavirus stocks have started out as penny stocks. Whether it was Alpha Pro Tech (APT-Free Report), Allied Healthcare Products (AHPI-Free Report) or any of the other high-flying COVID-19 stocks, most have started out as stocks under $5.

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But that doesn’t mean the markets are limited to just companies that’ve already reported progress. The coronavirus has created a huge draw for many types of companies. These now range from technology to healthcare. The world is focused on one thing right now and that is a solution. Heading into the first half of the week, “coronavirus stocks” will likely become a major focus for the market. With this in mind, here’s a list of penny stocks to watch right now. But will they be the best penny stocks to buy right now?

Penny Stocks To Buy [or sell]: Correvio Pharma

correvio pharma (CORV)

First, Correvio Pharma (CORV-Free Report) managed to gap up to highs of $0.45 during premarket trading on Monday. The coronavirus penny stock has traded wildly since the latter half of February. Since the beginning of the coronavirus stock trend, CORV has been one to watch. Earlier this year, shares reached highs of $0.6489 but have since pulled back to around $0.30.

On March 16, Correvio announced a new milestone. The company reported that ADVANZ PHARMA Corp entered into an arrangement agreement to acquire Correvio for $76 million. This includes the repayment of certain indebtedness in Correvio.

“Correvio’s niche portfolio, consisting of an established brand, and two growing, patent-protected brands, plus a pipeline of potential product launches, are highly complementary to our current priorities and future focus…This transaction should also enable us to access additional portfolio opportunities going forward, and optimize the launches of our pipeline products.”

Graeme Duncan , Chief Executive Officer of ADVANZ PHARMA

Penny Stocks To Buy [or sell]: Heat Biologics

penny stocks to buy heat biologics (HTBX)

Heat Biologics (HTBX-Free Report) has swung just as volatile if not more than CORV has. shares have jumped from lows of under $0.20 to highs of more than $1.20. At the close of last week, HTBX stock finished out the week at $0.47. During premarket hours on March 16, the coronavirus penny stock managed to jump to highs of nearly $0.67 after its latest update.

This latest news follows the company’s update on its coronavirus vaccine program. Heat announced that it engaged a government relations firm, PACE LLP, to help it advance collaboration efforts and to secure government funding for its program. Monday morning, the company announced that it was invited to join the Alliance for Biosecurity. This is a DC-based coalition of pharmaceutical and biotechnology companies that works to ensure medical countermeasures are available to protect public health and improve the prevention and treatment of severe infectious diseases. Obviously, COVID-19 is one of these.

It will be interesting to see what happens next. This is simply due to the other key factors arising in the market this week. These are some of the biggest swings I’ve ever personally seen. With still so much attention on the coronavirus right now, it may be important to keep some of these penny stocks on watch this week. Will HTBX remain as one of them?

Penny Stocks To Buy [or sell]: Aytu BioScience

penny stocks to watch Aytu BioScience (AYTU)

Aytu BioScience (AYTU-Free Report) was one of the penny stocks touched on this weekend. Some of the bigger attention has been on the company’s COVID-19 testing kits. The company recently entered into an exclusive distribution agreement for the right to commercialize a clinically validated and commercially used coronavirus IgG/IgM Rapid Test. With so much attention on preventing the disease from spreading, testing is usually the first line of defense.

Even though shares pulled back last week, it came as Aytu raised some $20 million to advance the progress of its business model. Specifically, “The Company intends to use the net proceeds from this offering for working capital, general corporate purposes, and to continue the commercialization of the Company’s prescription and consumer health products.”

While raising capital is necessary, it can put a short-term pause to progress in the market. In line with this line of thought, AYTU stock pulled back following the financing news. But On Monday, shares have begun to recover even after the entire stock market halted at the opening bell. Given the nature of coronavirus and its spread, will testing companies like AYTU be the best penny stocks to buy or will you avoid them right now?

Penny Stocks To Buy [or sell]: iFresh Inc.

penny stocks to trade iFresh Inc. (IFMK)

Not all coronavirus stocks are biotech. iFresh Inc. (IFMK-Free Report) has been on the list of penny stocks for weeks now. It’s logical speculation on what could/would happen in the event it’s hard to access bare necessities like food. The company operates grocery stores on the east coast and offers delivery services in the areas that stores are located.

Last month, the company opened a new store in North Miami. The main focus of the stores are to offer Asian American products. There are already 9 retail locations with 2 in-house wholesale businesses. Aside from this, the company hasn’t come out to say that it’s combatting anything related to the coronavirus. However, the market is taking things in stride as the conversation has hinged on the ability of the company to deliver goods to customers.

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In addition to this, it appointed a new CFO, Amy Xue, last week. She has previous experience working at a number of public companies in the same capacity. Mr. Long Deng, Chief Executive Officer and Chairman of iFresh said in a press release, “I am excited to welcome Ms. Xue to the iFresh family. As a seasoned CFO for public traded companies with extensive experience in SEC auditing, Ms. Xue will be valuable in providing financial expertise and leadership as we continue to grow.”


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