3 Penny Stock Gainers You Might Have Missed Yesterday 

Finding the best penny stocks to buy can be challenging. However, investors will often use the biggest gainers from the previous day, for some penny stocks watchlist inspiration. This is a great strategy, but it’s worth noting that it should be used in tandem with your research and due diligence. 

Next, investors need to understand what certain penny stocks or the industry that they are in, may do in the coming months. This is important for both short and long-term investors to consider. And lastly, traders need to understand what speculative factors may be impacting a company or the specific market it works in. 

Right now, there are plenty of penny stocks making big waves across the stock market. And while volume has been low and the bears have been in full force in the past month or two, we are slowly starting to see a bullish return. This is true across the board with everything from tech stocks to reopening penny stocks to biotech and more. 

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Because of this, many investors are searching for the hottest penny stocks to add to their lists. And, as the world continues on the path of reopening, we hopefully will continue to see more bullish sentiment abound. Considering this, here are three penny stocks that hit it big yesterday and why. 

3 Penny Stock Gainers to Watch 

  1. Verastem Inc. (NASDAQ: VSTM
  2. Tellurian Inc. (NASDAQ: TELL
  3. Safe Bulkers Inc. (NYSE: SB

1. Verastem Inc. (NASDAQ: VSTM)

Biotech penny stocks like Verastem Inc. have been in focus recently. This company in particular is a development-stage biotech stock that develops and commercializes medicines to treat cancer patients.

One of its main products is VS-6766, a rapidly accelerated fibrosarcoma/mitogen-activated protein kinase to block MEK kinase activity. So what has Verastem been doing in the market recently?

On May 24th the company announced that it has received a breakthrough therapy designation for VS-6766 with Defactinib in recurrent low-grade serous ovarian cancer. The trials have demonstrated a 70% overall response rate (ORR) in patients with KRAS mutant tumors, and 52% ORR in all evaluable patients with a favorable safety profile.

“Breakthrough Therapy designation will facilitate our efforts to verify the robust and durable response and compelling safety profile of VS-6766 with defactinib that we have seen in patients with LGSOC and potentially bring a new therapy to these patients as quickly as possible.”

The CEO of Verastem Inc., Brian Stuglik

The company’s stock price increased by more than 24% on the day of the announcement. In the last year, VSTM stock has more than doubled in value. Biotech penny stocks often move up when more advancements are being made with trials or if a trial is close to commercialization. With all of this in mind, will VSTM make it on to your list of biotech penny stocks to watch?


2. Tellurian Inc. (NASDAQ: TELL)

Tellurian Inc. is a natural gas penny stock that operates globally. Currently Tellurian is developing a portfolio of natural gas production, liquefied natural gas marketing, and infrastructure assets.

This includes a 27.6 million tons per annum LNG terminal facility and a similar pipeline in Louisiana. Currently Tellurian owns 9,373 net acres of natural gas production assets, and 72 producing wells.

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Now you may be wondering, what has Tellurian been up to recently? Tellurian’s main focus in the past few months has been on debt reduction. The company made a voluntary $17 million debt repayment on April 23rd and has now paid off all of its borrowing obligations.

“Tellurian now has a much stronger balance sheet and global customers continue to be very interested in our integrated, market-based liquefied natural gas (LNG) product offering as they build their portfolios with flexible, reliable, and cleaner energy sources.

Additionally, we are looking forward to expanding our drilling program in 2021, having recently spud a new well in the prolific Haynesville Shale that we expect to provide valuable revenue.”

The President and CEO of Tellurian Octavio Simoes

The company still reported a loss despite its debt reduction. But TELL stock is trending upwards amidst all of this. There is no company-specific news that is driving this increase. This could be a result of many oil and gas penny stocks performing well in the market. TELL stock is up more than 5% on May 24th.

And just one month ago, TELL stock price was about $0.75 less which is a solid win for the energy penny stock. Keeping all of this in mind, will TELL make it on to your list of penny stocks to watch?


3. Safe Bulkers Inc. (NYSE: SB)

Safe Bulkers Inc. is an industrial shipping company that provides marine dry bulk transportation services. The company owns and operates vessels to transport bulk cargo. Its main operations cover coal, grain, and iron ore. The company has around 43 dry bulk vessels that last about 10.3 years on average. The aggregate carrying capacity of these vessels is nearly 4 million deadweight tons.

Safe Bulkers delivered a new update on May 12th. The company announced the pursuit of fleet renewal and a deleveraging strategy. It has acquired two new post-Panamax new-build ships. And, it sold two of its Kamsarmax vessels as well. The company has now prepaid its $27.3 million of debt as well. All of this shows that SB is in an advantageous cash position right now.

“Safe Bulkers is continuing its renewal strategy since December 2020, by ordering two additional new builds with attractive delivery dates, bringing their total number to four GHG – EEDI Phase 3, NOx-Tier III newbuilds, and one second-hand acquisition and by selectively selling a total of four older vessels.

At the same time, the Company is accelerating its deleveraging, maintaining a strong liquidity position.”

President of Safe Bulkers, Dr. Loukas Barmparis

SB stock is up 7.5% on May 24th. This shipping penny stock has increased nearly double in the last month which means a lot of investors are paying attention. And, it’s worth considering that there is a lot of momentum occurring with SB as a result of all of this positive news. With these aspects considered, will SB stock make it on to your watchlist?


Which Penny Stocks Are You Watching?

Finding and making a penny stocks watchlist can seem like a daunting task with so many options out there. But, if we use a few conditions to help narrow down our lists, it can become much easier.

[Read More] 3 Penny Stocks on Reddit Making Big Waves Right Now

Right now, there is plenty of momentum in the stock market to take advantage of. And, as investors feel more confident that we are exiting bear territory, there likely could be even more in the coming months. With all of this in mind, which penny stocks are you watching right now?

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