Top Penny Stocks To Watch Right Now
For new investors in the stock market, penny stocks can seem quite appealing. This is due to their pricing. These stocks under $5 allow new investors to enter the stock market without spending as much as large-cap stocks may cost. In 2020, people in the United States are stuck inside with a lot of free time on their hands. This has drastically increased the amount of interest in things like penny stocks, options, and the market, in general.
One notable sector of the market happens to be gold stocks. Generally speaking, this industry is made up of mining and refining companies. You’ve also got gold streaming companies and the ancillary “pick and shovel” type models as well (pun intended). Despite the pandemic slowing things down in terms of production, gold is performing this year.
There is profit to be made with gold stocks if you put in the proper research. In fact, many investors have turned to gold as a way to get weather the volatility of the traditional market. But there are far more than just gold penny stocks to watch right now. Biotech, healthcare, and technology have also become a big focus for investors.
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To begin trading penny stocks there are a few steps to take. The first of which, is to get an online broker for penny stocks. You will then be called a “self-directed investor,” meaning you don’t need an advisor in order to place trades. Other than that, you will just need to fund your account. Generally, this will be done by linking your bank or other forms of virtual transfers. With that all being said, let’s look at the four companies that have made this list of penny stocks.
Top Penny Stocks To Watch: Freeman Gold Corp.
The first company on this list of penny stocks is Freeman Gold Corp. (OTC:FMANF Stock Report) (FMAN). Freeman Gold is a company with a primary focus on mineral exploration. The company acquires land, explores, and develops its mineral properties. Freeman also operates silver and copper deposits in addition to gold. The company’s Lemhi Mine claim has a more than 5000-meter diamond drill program that is active. This gold penny stock has been performing rather well in 2020.
In recent news Freeman Gold acquired a back-in right from Yamana Gold Inc. for the Lemhi Project. The gold company has issued Yamana 4,035,273 common shares, aka 5% of its total shares. The company also acquired the Moon #100 and Moon #101 unpatented mining claims. These claims are located within its Lemhi project in the historical resource area. These claims are located in the northern portion of its historical region. It is within the area of historical drill holes that hold a lot of gold mineralization.
The CEO and President of Freeman, Will Randall said, “The Moon Claims have historical drilling with significant intercepts within and in the immediate vicinity of the claims that we can now incorporate into future work.” The company now holds a complete property package with no back-in rights. This will allow the company to focus on its continuous drill campaigns. With the latest from the Federal Reserve, will low rates become another catalyst for gold’s next leg?
Top Penny Stocks To Watch: ReTo Eco-Solutions Inc.
Next on this list of penny stocks is ReTo Eco Solutions Inc. (RETO Stock Report). The company manufactures and distributes construction products. Its products are mainly distributed in China. These products include bricks, pavers, tiles, river sand, granite, and more. In recent news, the company has signed a cooperation agreement to build a large scale industrial park and elderly wellness town in Yangbi County.
This project will cover more than 125 hectares, 58 for the industrial park and 67 for the elderly wellness town. Construction will be commencing in the first quarter of 2021. The CEO of ReTo, Mr. Li Hengfang said, “We greatly appreciate and value the confidence, support and partnership of the Yangbi government. This important agreement further extends our relationship, as it builds on the previous projects we have signed in Yangbi County, for solid waste treatment, and ecological restoration, among others.”
In any case, RETO stock experienced one of its highest, single-day trading volumes of the year. However, it should be noted that even with this as the case, RETO has a history of 1-day anomalies. It will be interesting to see how this project will affect RETO stock through the end of the year and if this momentum continues this week.
Top Penny Stocks To Watch: Marathon Patent Group Inc.
Now let’s talk about the next penny stock, Marathon Patent Group Inc. (MARA Stock Report). Marathon Patent Group is a digital asset tech company that mines cryptocurrency. The company owns a data center and cryptocurrency mining machines in Quebec, Canada. On August 26th, the company announced a letter of intent to acquire Fastblock Mining in an all-stock transaction. This transaction is for 8,658,009 shares of its Common Stock.
The CEO of Marathon, Merrick Okamoto said, “This acquisition completes the final piece of our transformation. We are now well-capitalized, control our own future with our own facility with extremely low power costs, and now we have one of the most experienced Bitcoin mining teams to run our operations.” In 2020, MARA stock price is up more than 116% to $2.08 a share as of September 16th. With the latest financial policy maneuvers by the government and the general global economic uncertainty will crypto stocks come back into the spotlight this year? We’ll see how this deal affects MARA stock in the future and if crypto is back in 2020.
Top Penny Stocks To Watch: New Gold Inc.
Lastly, on this list of penny stocks to watch, is gold penny stock, New Gold Inc. (NGD Stock Report). The company operates and develops many different mineral properties. The company searches for silver and copper deposits in addition to gold. New Gold owns 100% interest in the Rainy River gold and silver mine in Canada, New Afton gold and copper mine in Canada, THE Blackwater gold-silver project in Canada, and the Cerro San Pedro gold-silver mine in Mexico.
Now New Gold has announced the closing of its previously announced sale of its Blackwater Project to Artemis Gold. This deal was for $190 million with $140 million initially and $50 million payable on August 21st 2021. The CEO of New Gold stated, “The divestment of the Blackwater Project completes another key transaction for New Gold that allows us to retain exposure to Blackwater through the gold stream and our equity position in Artemis.
“We believe that Artemis is the best-positioned team to advance the project for the benefit of all stakeholders, including the host communities and partners.” This deal seems to solidify New Gold’s position in the market for the remainder of the year. NGD stock is up more than 126% this year. That is why NGD is a gold penny stock to watch.