When it comes to finding the best penny stocks to buy, you’ve got your choice of platform. Some will use mobile applications like Robinhood and WeBull, for instance. Meanwhile, others will opt for more traditional, desk-top based platforms like TD Ameritrade’s ThinkOrSwim or E-Trade’s E*Trade Pro. Regardless of your platform, it comes down to the ability to actually buy penny stocks. Take Robinhood and WeBull for instance.
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The platforms are similar in theory as they both offer free shares to new members. They both also limit the type of penny stock to buy. For the most part, if we’re talking about OTC penny stocks, WeBull and Robinhood don’t allow access. However, for penny stocks on WeBull and Robinhood that trade on major exchanges like NASDAQ and NYSE, most are accessible via the mobile platforms.
In comparison, Etrade and TD, as well as others offer full access to pretty much any penny stock that is trading publicly. So understand this when it comes time to choosing the best penny stock broker for your personal goals. On May 1st, there are plenty of penny stocks to watch and many of them are listed on major exchanges.
So if you’re a WeBull or Robinhood user, you’ll be able to fill your list of penny stocks with plenty of names right now. Let’s take a look at a few of the top trending. Will they be the best penny stocks to buy on WeBull or Robinhood? That’s for you to decide.
Penny Stocks On WeBull: Aemetis Inc.
Shares of Aemetis Inc. (AMTX Stock Report) took off on May 1st. After pulling back from its $1.72 high of the day, it looks like AMTX stock has begun to gain some momentum during the lunch hour. Since the beginning of the week, this is one of the top penny stocks to watch as it has rallied as much as 207% since Monday.
Why did AMTX stock breakout on Friday? Shares of AMTX started making waves before the open after the company’s latest update. Keep in mind that Aemetis isn’t a typical “coronavirus penny stock” but what it announced could be a result of some of the side-effect of the pandemic.
The cmpany reported that it began deliverying carbon dioxide under a supply deal with New Messer CO2 Plant. As stated by the company, this week, the Aemetis 65 million gallon per year ethanol plant began supplying CO2 to Messer for processing into liquid CO2. Why is this applicable to the coronavirus pandemic? CO2 is a key product in the food freezing and chilling, carbonated beverage, and electronics sectors.
Due to the ongoing COVID-19 pandemic, the supply of liquid CO2 has been significantly disrupted in California and throughout the United States as ethanol production plants have decreased production rates. The Messer plant will serve existing and new customers in Northern California and surrounding states via truck and rail. While it was one of the more actively discussed penny stocks on WeBull, does that mean it will necessarily be one of the top penny stocks to buy right now? Shares continue to slide during the afternoon session so that will be something to keep in mind if this is on your list of penny stocks right now.
Penny Stocks On WeBull: Milestone Pharmaceuticals
Milestone Pharmaceuticals (MIST Stock Report) was another one of the top penny stocks to watch on WeBull May 1st. Even though it wasn’t one of the best penny stocks in April, overall, the last week has been big for this penny stock. On April 27, MIST stock opened up at $2.28 and has since rallied as high as $4.27 during Friday’s morning session.
After several trading halts on the penny stock, MIST started to settle into the trading day. As of 12:20 PM EST, Milestone shares have bounced back above $3.50 after sliding back from earlier highs.
There’s a huge gap to fill from earlier this year. MIST stock dropped from around $13 to as low as $1.69. You would think it had something to do with coronavirus but it wasn’t anything of the sort. Coincidentally, at the same time the market was pulling back, Milestone reported topline results from a Phase 3 NODE-301 trial of it etripamil to treat paroxysmal supraventricular tachycardia. Unfortunately, it failed to meet its desired outcome based on the “design and analysis plan used in NODE-301”.
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This week there hasn’t been much news to justify the recent move. Yet shares have rallied strong into the afternoon session. When it comes to being one of the popular penny stocks on Robinhood, more than 21,000 accounts hold shares of MIST stock. But without any new updates to justify the jump, how much higher can MIST stock move? Let us know your thoughts in the comments section.
Penny Stocks On WeBull: LiveXLive Media Inc.
This has been one of the penny stocks to watch during the 2nd quarter in 2020. LiveXLive Media Inc. (LIVX Stock Report) is a global digital media company focused on live entertainment. The Company operates LiveXLive, the first ‘live social music network’, delivering premium livestreams. Since the global pandemic went mainstream, no one has been able to attend any public events but streaming is 100% accessible during lockdown provisions.
While obtaining a number of world streaming rights, LiveXLive has turned heads through April and now into May. The company produced Music Lives in April along with streaming Elvis Duran’s ‘Stay At Home Ball’ featuring 50+ appearances and performances on Friday, April 24th. This weeek the company made another big update to its streaming partnerships as well.
It partnered with UNITE as a live streaming partner for the 24-hour global event, “The Call to Unite”, starting Friday, May 1, 2020 at 8 p.m. ET / 5 p.m PT. LiveXLive will simulcast the special event across its platform and its OTT channels on Amazon, Apple TV, Roku and Samsung TVs, desktop and mobile/tablet.
LIVX stock continued its multi-week climb reaching highs of over $3. Just to put this into perspective, LIVX was trading under $0.80 at the end of March. Since then, LIVX has managed to steadily climb 330%. After the next event airs on May 1 will a continuation be in store? When it comes to popular penny stocks on Robinhood, more than 8,400 accounts hold shares of LIVX stock. Also, keep in mind that LiveXLive hasn’t traded this high since July of 2019.
Penny Stocks On WeBull: Sonim Technologies
Sonim Technologies (SONM Stock Report) has started to see a steady increase in price and volume this week. The company hasn’t released any news since April 22 when it announced that it teamed up with IASUS Concepts to provide public safety and frontline workers complete hands-free communications experience on Sonim’s XP8 and XP5s handsets.
With the increased use of PPE in public safety and healthcare due to COVID-19, hands-free communications solutions are essential to help frontline workers make it through the day,” said Tom Wilkinson , CEO, Sonim Technologies . “This combined with the ability to thoroughly and properly disinfect your mobile devices and accessories is essential to reduce the spread of this virus and other pathogens.”
While there wasn’t any further press released this week, turning to the company’s Twitter feed has shed some light on recent progress. The company tweeted an update to that April 22 development:
The video link takes you to a youtube playlist. The company has put together a suite of tutorials that show IASUS Concepts products in use. Given the continued efforts to help frontline workers any way possible, do you think that this latest initiative by Sonim is something that will remain a lasting catalyst or just a short term one? When it comes to the penny stock on Robinhood, more than 1,990 accounts hold shares of SONM stock.