5 Penny Stocks To Watch Before The Weekend
Penny stocks generally will intrigue investors that are new to the market. This is due to these stocks under $5 letting investors hold shares of a company at a lower price than large-cap stocks. This comes into play in 2020 specifically because money is tight for many, and people are stuck at home looking for a way to profit. So the interest for penny stocks is higher than it would regularly be in 2020.
Naturally, penny stocks can be risky and volatile. This volatility can be a good thing or a bad thing. It has resulted in penny stock success stories, where investors have generated large amounts of revenue in a single trading session. For small-cap stocks, strong management is needed for companies that would like to grow.
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Without good leadership and guidance, a company can underperform. So leadership changes can drastically affect the price of a penny stock. If you can handle volatile, speculative investments, then these cheap stocks could be a good option. So let’s look at 5 penny stocks that have been performing well in the market.
Best Penny Stocks To Watch #1: Peabody Energy Corporation
The first penny stock on this list is Peabody Energy Corporation (BTU Stock Report). Peabody is a coal mining business that operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, and more. The company mines, prepares, and sells thermal coal that is primarily used with electric utilities. On August 5th, Peabody released its second-quarter operating results for 2020. Peabody’s results included revenue of $626.7 million, a net loss of $1.54 billion, and loss from operations.
The CEO of Peabody, Glenn Kellow stated “Over the past quarter, we have remained committed to the health and safety of our employees and communities in which we operate, while also taking further action to improve our cost structure.”
The company has successfully adapted its US thermal operations to the lower demand. Part of its business is still struggling, yet in the last month, BTU stock is on the rise. In the last month, BTU stock price has gone up more than 34% to $3.69 a share as of September 17th.
Best Penny Stocks To Watch #2: United Microelectronics Corporation
Next on this list of penny stocks is United Microelectronics Corporation (UMC Stock Report). United Microelectronics is a semiconductor wafer foundry based in Taiwan, Singapore, Hong Kong, Japan, and the United States. The company has two segments, Wafer Fabrication and New Business. It focuses on circuit design, mask tooling, wafer fabrication, and assembly. Additionally, United Microelectronics does some solar business as well.
On September 8th, UMC reported its sales for August 2020. From January to August, its revenue was $116,990,748 compared to $95,526,360 year over year. UMC’s revenue for August was $14,841,818 compared to $13,184,069 year over year. UMC stock price has gone up by a good percentage in 2020. In fact, UMC stock is up more than 60% this year to $4.34 a share as of September 17th.
Best Penny Stocks To Watch #3: Aemetis Inc.
Aemetis Inc. (AMTX Stock Report) is another penny stock to watch due to its recent momentum in the market. Aemetis is a renewable fuel and biochemical company that is based in North America and India. This company focuses on acquiring, developing, and commercializing different technologies to replace regular petroleum-based products. Aemetis does this through the conversion of ethanol and biodiesel plants into advanced biorefineries. One of its assets is an ethanol facility in the California Central Valley. Another asset is its renewable chemical and fuel production facility in India.
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On September 4th, Aemetis closed a $35.5 million Phase I EB-5 program. This program is a US government program to provide employment-based visa preferences for immigrant investors who put capital into US-based projects.
This will be used to create direct and indirect jobs at its alcohol and fuel ethanol plant in Keyes, California. The CEO and Chairman of Aemetis Inc, Eric McAfee said, “The Aemetis plant EB-5 project is an excellent example of sound immigration policy that generated $35.5 million of new investment to create high-quality manufacturing jobs in the Central Valley of California.”
Best Penny Stocks To Watch #4: ClearOne Inc.
Shares of communications company, ClearOne, Inc. (CLRO Stock Report) have been battling back from a recent slide earlier this month. After hitting a fresh 52-week high on the 2nd, CLRO stock slid back down over the last few weeks. This isn’t an unusual trend for ClearOne stock. In fact, look at the stock’s chart since the beginning of the year. This has experienced a wild ride in 2020 and isn’t a stranger to massive volatility spikes.
On top of this, CLRO stock has also benefited from the attention placed on companies like Zoom and other video conferencing businesses. One of the company’s most recent updates focused on ClearOne’s COLLABORATE Space. It’s now set up to handle up to 100 participants with enterprise-level access.
Furthermore, the company expects this to increase to 300 in short order. The company has also offered the solution as a collaboration application in classroom-style settings with full access to audio, video, and meeting tools.
What initially sent shares lower was the company’s announcement that it would look to raise $5.3 million. However, the recent uptick stems from different financial developments. That comes from FORM 4s filed this week by both the CEO and a major shareholder. They each purchased 10,030 and 802,408 shares respectively and both at an average price of $2.4925.
Best Penny Stocks To Watch #5: SINTX Technologies Inc.
Another one of the penny stocks to watch heading into Friday’s session, SINTX Technologies Inc. (SINT Stock Report) surged into the close Thursday afternoon. We started following along in late March and a lot has happened since then. While the trend has been bullish, the biggest move in SINT stock came in late-June. The move and larger level of attention came after the company’s silicon nitride powder showed positive effects on “inactivating” SARS-CoV-2. Since then the company has focused on evolving its offering and building it on its silicon nitride platform.
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Last month, SINTX entered into a joint development agreement with O2TODAY. It was for the development of a face mask that incorporates the company’s silicon nitride technology. Most recently the company announced new studies confirming that its material inactivates SARS-CoV-2, as well as the Influenza A.
Dr. Sonny Bal, President, and CEO of SINTX Technologies explained, “We are moving at full speed to incorporate silicon nitride into consumer masks that will catch-and-kill these respiratory pathogens…Our R&D will advance the science, while external partners develop commercial products.”
Additionally, the company said it’s also in discussions with “prospective partners interested in developing a variety of products, such as automotive parts, cell phone cases, air filters, and medical PPE.”
Thursday, the penny stock traded more than 3.5 million shares and extended a 7-day uptrend that began last week.
