hot penny stocks today

Are These Hot Penny Stocks On Your List Today?

There are plenty of penny stocks to watch today heating up trading accounts. While you might think it has something to do with major market headlines, that’s highly unlikely. Today, the talk of the broader markets is airline stocks. LUV stock, AAL, and others are in the limelight after President Trump’s request for a stimulus bill including aid to airlines. Whether or not that happens is yet to be seen. However, what we do know is that small cap stocks are red hot on Thursday. This comes after weeks of big breakout moves from low-priced stocks.

The trends we’re seeing drive momentum in penny stocks is wide-ranging. Everything from energy to biotech penny stocks are getting play. So it’s important to do your research and see which stocks are moving because of news and which are riding coattails of sympathy momentum. The main reason being is that both have their plusses and minuses.

Read More

For instance, we saw a slew of companies with some exposure to electric vehicles jump at the end of September. This was mostly thanks to Tesla’s Battery Day presentation made by CEO Elon Musk. Some of those stocks that rallied hadn’t made announcements in months; even years. However, since their last update referenced the sector, traders speculated. The moves that ensued were swift and had very little followthrough catching some traders holding a bag due to FOMO.

Finding The Best Penny Stocks To Buy

Since small cap stock have woken up, I think it’s important to do a refresher on risk/reward. These stocks under $5 are volatile and they swing up and down quickly. If you aren’t prepared to deal with this fluctuation or don’t have a plan, step back and take a breath. The saying goes, plan your trade and trade your plan. So if you’re new to penny stocks and need some beginner info, we’ve got plenty of articles on the site and a free eBook with 60+pages of information.

At the end of the day, the goal is making money, not showing “penny stocks loss porn” on Reddit. One of the strategies is to find momentum. Which stocks are moving in ways they don’t normally move? These hot penny stocks are definitely exciting and require a plan. Look at chart trends, look up news, research the filings, and more to determine if you’re day trading or taking a longer investment in penny stocks on your list. With this in mind, here are a few hot penny stocks to watch today.

Hot Penny Stocks To Watch

  1. GT Biopharma Inc. (GTBP Stock Report)
  2. Oxbridge Re Holdings (OXBR (OXBR Stock Report)
  3. Marathon Patent Group (MARA Stock Report)
  4. AgeX Therapeutics (AGE Stock Report)

Hot Penny Stocks To Watch: GT Biopharma Inc.

Shares of GT biopharma Inc. got off to a running start on Thursday reaching early highs of $0.21. This came within 1 cent of its 2 month high. Much of the excitement behind the penny stock stems from its clinical trials. Specifically, the company is in the middle of a Phase I/II study of it’s GTB-3550 for acute myeloid leukemia. What has happened recently to bring attention to this trial is results from a mid-term dose update the company gave at the end of last month.

GT completed the treatment of the first patient enrolled at Dose Level 3 in its GTB-3550 TriKE™ Phase I/II clinical trial. This dose was at a 25mcg/kg/day dose, which showed a decrease in AML blast levels from 18% to 12% in the bone marrow.

“Additionally, we observed an increase in the patient’s NK cell activity and numbers attributable to the IL-15 component of the TriKE™ molecule with no appreciable increase of a hyper-active T-cell population which could have resulted in cytokine release syndrome (CRS) or other T-cell associated toxicities.”

The company’s TriKE™ platform is the backbone of GTB-3550 and recently attracted the attention of a subsidiary of the Shenzhen Hepalink Pharmaceutical Group Co., Ltd., Cytovance. The company will manufacture TriKE™ in accordance with GMP using Cytovance’s proprietary Keystone® bacterial or mammalian expression systems.  The important thing to note on the TriKE™ platform is that it has also shown promise in multiple other indications. For More Information On TriKE™, Click Here.

hot penny stocks to watch GT Bipharma Inc. (GTBP stock chart)

Hot Penny Stocks To Watch: Oxbridge Re Holdings

Oxbridge Re Holdings has been somewhat of an anomaly of sorts this year. Most recently, OXBR stock took off flying at the end of September on no apparent news of its own. However, sector strength appeared to have become a contributing factor.

The company provides reinsurance solutions primarily to property and casualty insurers. In its last earnings update in August, the company recorded year over year sales and EPS growth.

“We remain optimistic about the long-term prospects of our core reinsurance business as well as the prospects of the side car. In addition, we continue to evaluate additional opportunities for growth as well as diversification of risk. We are also pleased that our sidecar investors earned a strong 36% return for the treaty year ended May 31, 2020, and we anticipate growing this portion of the business in the future,” said Oxbridge Re Holdings President and Chief Executive Officer Jay Madhu.

[Read More] Top Penny Stocks To Watch Right Now As Biotech Stocks Surge Higher

Something to note about OXBR is that the penny stock is very volatile. It’s on a list of stocks to watch for this reason. Whether or not that makes it one of the hot penny stocks to buy is another story. Shares have fluctuated 30% or more already, today. With a history if big ups and downs, will OXBR remain a stock to watch after today?

hot penny stocks to watch Oxbridge Re Holdings Limited (OXBR stock chart)

Hot Penny Stocks To Watch: Marathon Patent Group

One of the sympathy plays of the day and hot penny stocks to watch as well is Marathon Patent Group. The company doesn’t have a complex business model. Simply put, Marathon focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company operates in the Digital Currency Blockchain segment and its crypto-currency machines are located in Canada.

There haven’t been any news headlines since last month nor filings since August. So what would be a potential catalyst right now? If you check out the digital / cryptocurrency segment of the market itself, things like Bitcoin and Ethereum have been relatively static. There’s been a a few Alt coins that saw quick breakouts and breakdowns but nothing that would break neck when it comes to turning heads.

However, big news from digital payment company, Square (SQ Stock Report) has impacted cryptocurrency and blockchain penny stocks today. Square announced that it bought 4,709 bitcoins, worth approximately $50 million. This is roughly 1% of the company’s total assets as of the end of its second quarter. The idea behind the move was that it believes “cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose.”

hot penny stocks to watch Marathon Patent Group (MARA stock chart)

Hot Penny Stocks To Watch: AgeX Therapeutics

AgeX Therapeutics Inc. is one on the list of penny stocks to watch before the opening bell today. This is one of the companies that meet that criterion of “think outside the box”. There weren’t any headlines from the company. So was it sympathy momentum from an industry event? 

The clinical-stage biotechnology company develops cell therapies for unmet medical needs. In September, ES Cell International Pte Ltd., a subsidiary of Lineage Cell Therapeutics, Inc. inked a deal with AgeX with regard to ESI stem cell lines. ES acquired exclusivity for the use of ESI cell lines in spinal cord injury and certain oncology indications. However, we couldn’t attribute the momentum to a major sector event at the time we began following the company. What we could see was something else.

AgeX shares traded higher following an amended 13D filing that showed Juvenescence Limited has a 50% stake in the company. This is another biotech company that focuses on aging and chronic illness. The rest is history after that. AGE stock took off on Thursday to highs of $3.93 in the morning. The big focus now will be whether or not the penny stock can maintain these levels or if it will fall back below $2.50, which was a previous level of resistance/support during the summer of 2019. If it can’t is it all over for AGE stock? comment below.

hot penny stocks to watch AgeX Therapeutics (AGE stock chart)
GTBP disclaimer oct

Click Here For Full Disclaimer


Sign up for our FREE Newsletter and get:

  • The Beginner’s Handbook For Trading Penny Stocks
  • Penny Stock Alerts And Ideas
  • Learn To Trade Penny Stocks
  • Free Access to The Fastest Growing Highest Rated Trading Chatroom
Privacy Policy

Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@pennystocks.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Junior Gold Stocks Creating Massive Opportunity for Investors!

An Immediate Stock Alert is Being Called On: IMC International Mining Corp…

Penny Stock Liberty TripAdvisor Climbed 2,871% In A Day; How?

Shares Of Liberty TripAdvisor Holdings Inc. B Shares Left The Penny Stock…