These Were The Top Performing Penny Stocks So Far In Q1 2021
Each quarter we update our list of penny stocks with new names. These include companies listed on major exchanges like the Nasdaq and New York Stock Exchange. The list of penny stock also includes names from the OTCQX, OTCQB, and PinkSheets. One thing we haven’t done is follow up, and if you’re new to penny stocks and just came across the site, this may not be something you’ve stumbled upon yet. Before we dive into the top-performing companies, let’s go over a few basics.
First, if you’re new to penny stocks, welcome; these have become some of the most popular names in the stock market today. I know that outlets like CNBC and Bloomberg will report on high-level trends. Our goal here is to report on particular market activity and see why certain penny stocks are doing what they’re doing.
This includes why stocks are climbing and why they’re dropping. News is one of the first and easiest places to find current information about these small companies. You’ll also want to pay attention to corporate filings as these can reveal more details behind certain corporate updates.
If you see a company announce financing rounds, for instance, you can thumb through an 8-K filing or the original prospectus to see things like conversion rights, offering prices, use of proceeds, and other details that might not have been released in the formal PR. Company filings are also important for identifying why stocks are moving when there aren’t any headlines.
Look for things like 13G, 13F, or Form 4 filings. These will reveal either institutional positions or insider trading activities. Obviously, when a fund or insider builds onto their position, the market takes that as a bullish sign. Our articles discuss specifics like these, which may not be immediately obvious to the untrained eye.
Top 5 Best Performing Penny Stocks In Q1 2021
|Company||Price 1/4/2021||2021 High||Price 2/19/2021||% High||% YTD|
|1. Kaival Brands Innovations Group Inc. (OTC: KAVL)||$0.4255||$3.65||$2.85||758%||570%|
|2. iQSTEL Inc (OTC: IQST)||$0.215||$1.69||$1.439||686%||569%|
|3. Celsion Corporation |
|4. ISW Holdings Inc (OTC: ISWH)||$0.205||$0.955||$0.84||366%||310%|
|5. Biolase Inc. (NASDAQ: BIOL)||$0.4086||$1.40||$1.09||270%||169%|
The writers on PennyStocks.com put together daily articles about the top penny stocks trending on a given day or during the course of a certain period of time. In 2021, we’ve seen plenty of small-caps explode with huge volume has a tailwind. The important thing the remember is that the information is just that: information.
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We’ll look at what the company is doing and what could have become a potential catalyst for recent momentum. We’ll also try to find out any upcoming events that were previously announced that could be important to keep in mind.
The list of penny stocks includes names that have previously shown a relatively consistent market trend and companies that have given progress updates. This quarter, the vast majority of these stocks have experienced robust moves, and the above “top 5” were to biggest movers in the quarter so far among names on that list of penny stocks. Will that remain the case? I leave that up to you. Here’s a breakdown of the top 5 best performing names from the Q1 watch list:
Kaival Brands Innovations Group Inc.
This is an incubator company of sorts. Kaival’s current focus is on a vaporizer brand called BIDI. The BIDI Stick product is a one-time use disposable vaping device. While attention has obviously been on vapes with cannabis, the BIDI Stick is a nicotine vapor product. It was available in roughly 10,000 stores in 2021 and recently increased that to 25,000 with its H.T. Hackney Co. distribution partnership.
This month, BIDI Sick received the FDA’s PMTA acceptance letter. This puts the company one step closer to meeting the baseline criteria for review before going onto the last phase of the PMTA process. Given the speculation from a hopeful outcome to the PMTA process being favorable, KAVL stock has experienced a surge of momentum in 2021. At the start of the year, shares were trading under 45 cents and ultimately reached highs of $3.65. Last week, shares closed at $2.85 on Friday.
Another one of the OTC penny stocks that’ve seen a strong move this year so far is IQST. The company is a telecom and internet business offering services ranging from voice products to fiber-optic network & data services. iQSTEL offers fintech and blockchain solutions. Obviously, one of the big stories of the year has been digital payment processing and cryptocurrency. Bitcoin has soared along with plenty of other altcoins and sh*tcoins, for that matter.
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This year’s focus has been expanding on its fintech, blockchain, and Internet of Things offerings. What’s more is that this month, the company agreed to develop an electric battery for Alternet Systems Revolt Electric Motorcycle, another hot area of the stock market right now.
Fundamentally, iQSTEL has also been focusing on reducing its debt. One of the biggest updates on this came last week. The company announced that it eliminated all remaining debt from its balance sheet associated with any Promissory Note.
“Since the fourth quarter of 2020, we have eliminated over $3.3 million of debt from our balance sheet, which not only strengthens our financial condition but also improves our financial performance as net income is no longer burdened with interest expense. Eliminating all debt is a key milestone as we prepare for a potential up-list onto a major stock exchange,” said CEO Leandro Iglesias.
This company may be familiar if you’ve read PennyStocks.com articles over the last few months. Celsion has been in the spotlight not only for its regular pipeline advancement but also for its focus on a potential Covid treatment.
Its vaccine initiative uses Celsion’s PLACCINE DNA platform for preventing/treating infectious agents. It’s targeting agents that could lead to global pandemics like SARS-CoV-2. The company recently created a Vaccine Advisory Board and appointed the first two members.
The company also has cancer treatments in its pipeline. In a recent update, Celsion said it expects clinical development programs with its immunotherapy treatment, GEN-1, in Phase 2 for ovarian cancer. However, with the bigger focus on vaccines, CLSN stock has been one to watch amid pandemic-fueled trading activity.
ISW Holdings Inc.
There’s no doubt that OTC penny stocks are in the spotlight recently. There are minimal stocks under $1 to choose from, which emphasizes a flight to different trading platforms besides Robinhood. Given that as the case, ISW Holdings has been one of the top penny stocks to watch this year.
After opening 2021 at $0.205, shares managed to climb as high as $0.955 and closed the week last week at $0.84. So what’s been a driving force behind the penny stock’s momentum? The company is a brand management company. This year, ISW has been looking into the crypto space. In fact, it initially began the year with news that it was transitioning its cash holdings into bitcoin. As fate would have it, this move appears to have been a timely one, thanks to the move in bitcoin prices.
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The company recently entered into negotiations toward the purchase of an additional large number of cryptocurrency miners (between 300 and 900). This, ISW said, was in preparation for its coming Phase 3 expansion in mining volume. As cryptocurrency continues to captivate headlines, will ISWH be on the list of penny stocks to watch?
Shares of Biolase soared as much as 270% since the start of the year. Furthermore, year-to-date, BIOL stock is up 169% as of Friday’s close. The company works in the field of dental devices. Its dental laser systems perform a broad range of dental procedures. The company has made headlines with everything from covid-related dental procedures to deal-making with large dental networks.
The company most recently raised $14.4 million at the offering price of $1.03. Then, late last week, the company gained attention following patent news. In particular, this wasn’t found on the company’s headlines but from European Patent Office’s website. Biolase, Inc. received an Intention to Grant a European Patent for Application No. 13155470.1, titled: MODIFIED-OUTPUT FIBER OPTIC TIPS. As the story develops, we’ll continue reporting any new updates. Needless to say, BIOL was one of the top-performing penny stocks on the Q1 list.
Research Penny Stocks
Lists are great as they focus attention on certain prospects. But there’s no substitution for research. Understanding why a stock moves the way it does becomes important, especially if you plan on following a company longer than just a few hours. In many cases, headlines like financing news let the public know where many shares could be held, by whom, and at what price. Other things like FDA trial data read-out dates give a timeline of when companies could see a catalyst event. Just keep in mind that no matter the catalyst, the news, or the filing, penny stocks are risky and require you to have a plan before jumping in head-first.