Are These Penny Stocks Worth Buying?

With July only a week or so away, investors are searching for the best penny stocks to buy. Usually, we witness what is known as a ‘Summer Slump’. This is during the Summer when volume is typically low among both penny stocks and blue chips, and prices are moving mostly sideways. However, right now due to the influx of retail traders, we are witnessing the opposite.

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While trading is still occurring mostly sideways, the overall market is showing higher volume than usual. This could be due to excitement surrounding a post-pandemic economy. And with case numbers lower than they have been in months, this could be a reality in the near future. A lot depends on what happens in the next few months.

But, with the economy showing signs of positivity, we could see the market move in a positive direction. This list is a continuation of the article ‘Best Penny Stocks To Buy? 4 to Watch With High Volume Right Now’. With that in mind, let’s take a look at the next five penny stocks to watch.

5 More High Volume Penny Stocks to Watch

  1. Vinco Ventures Inc. (NASDAQ: BBIG)
  2. Globalstar Inc. (NYSE: GSAT)
  3. McEwen Mining Inc. (NYSE: MUX)
  4. Iterum Therapeutics Plc. (NASDAQ: ITRM)
  5. Humbl Inc. (OTC: HMBL)

5. Vinco Ventures Inc. (NASDAQ: BBIG)

Vinco Ventures Inc. is a company we’ve mentioned frequently due to its upticks in the market. BBIG is a consumer product company based in North America. The company develops, sells, distributes, and manufactures toys, plush, homeware, and electronic products. It also sells personal protective equipment to governmental agencies, hospitals, and distributors. So what has contributed to BBIG stock going up recently?

Vinco’s last update was on May 28th, when the company provided an update on Lomotif and ZASH Global Media and Entertainment. Vinco and ZASH intended to acquire Lomotif through their joint venture ZVV Media Partners LLC. Now, the companies have completed an amended and restated LLC agreement in preparation for the acquisition. The final agreement and plan of merger are expected to be signed on or before June 24th, which is coming up quickly.

A few days before that update, the company released its financial results for the three months ending March 31st, 2021. In this time period, the company’s revenue went up by 31.32% year over year. In the last month, BBIG stock has gone from about $2.60 per share to more than $4 per share. With this in mind, will it make your list of penny stocks to watch this month?


Globalstar Inc. (NYSE: GSAT)

Globalstar Inc. is another penny stock that we have frequently mentioned on this site due to its market momentum. This is a company that provides mobile satellite services all over the world. Its two-way voice and data products include satellite communication services and equipment for remote business continuity, recreational use, safety, and more. Its SPOT satellite GPS messenger is used for personal tracking, emergency location, and messaging. It also has the SPOT Trace anti-theft and asset tracking device.

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Globalstar has not released any super recent company-specific news that would cause its stock price to go up. But if you look at its charts throughout 2021, GSAT has had its fair share of positive momentum. There are a lot of investors that have faith in GSAT stock in 2021. This is proven by the very active r/GSAT subreddit page where people discuss the stock and the company.

Just 6 months ago this penny stock was worth about $0.33 per share. Now in mid-June, GSAT stock is worth about $1.30 per share on average. Keeping this information in mind, will GSAT stock make your watchlist today?


McEwen Mining Inc. (NYSE: MUX)

McEwen Mining Inc. is a mining penny stock that explores for, develops, produces, and sells different resources. These resources include but are not limited to silver, gold, and copper. It owns 100% interest in the El Gallo project, Fenix project, Black Fox mine, and plenty more. It operates properties in Mexico, Canada, Argentina, and the United States.

MUX stock will often move with the price of gold, silver, and copper themselves due to its role in the industry. So when one or multiple of these metals are moving upwards, MUX stock has the potential to do the same. This has been great for the company in the last year and a half after the pandemic boosted the prices of precious metals in the market. Back in early May, the company reported positive exploration and delineation results. That is the latest update that has come from McEwen Mining.

When investing in the mining sector, sometimes industry news is king. Things like shortages, surplus, inflation, demand, and news are all impacting factors on mining penny stocks. One year ago, MUX stock was worth under $1 per share. At this point in 2021, MUX stock has reached the price point of $1.47 per share on average. So will MUX make your list of penny stocks to watch in 2021?


Iterum Therapeutics plc (NASDAQ: ITRM)

Biotech penny stocks have been performing extremely well in the market lately, and Iterum Therapeutics Plc is a prime example of this. This is a clinical-stage biotech corporation that develops anti-infectives for multi-drug-resistant pathogens. Currently, Iterum is working on sulopenem which is an anti-infective compound with oral and IV formulations. Sulopenem is in Phase III clinical trials to treat UTIs and intra-abdominal infections.

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At the end of May, Iterum provided an update on its New Drug Application with the U.S. Food and Drug Administration. Currently, the NDA is still under review by the FDA, and the PDUFA goal date is July 25th, 2021. Since the application review for Sulopenem is on track at the moment, ITRM stock is performing well as a result. ITRM stock price has nearly doubled in the last month.

“We continue to prepare for a U.S. Food and Drug Administration (FDA) advisory committee meeting and look forward to clarity from the FDA on timing.

In the meantime, the FDA continues its review of our new drug application (NDA) for oral sulopenem for the treatment of uncomplicated urinary tract infections (uUTI) in patients with a quinolone non-susceptible organism and has not advised us of any change to the current PDUFA goal date of July 25, 2021.”

The CEO of Iterum, Corey Fishman

With this info to note, is ITRM on your biotech penny stock watchlist?



HUMBL Inc. is a tech penny stock that operates a digital money network. Its service HUMBLPAY connects consumers and merchants in the digital economy, allowing them to pay and share. The HUMBLMARKETPLACE connects customers and merchants online via merchant shops, deal listings, affiliate programs, and more. It also has HUMBLFINANCIAL, which provides digital asset investment services.

On June 4th, HUMBL made a new announcement. The company completed its acquisition of a leading Latin-focused ticketing platform, Tickeri Inc. HUMBL purchased the company for $20 million total and will work to deliver ticketing, peer-to-peer remittances, and mobile payment services.

“There is an exciting convergence underway across mobile pay, ticketing, and NFTs on the blockchain. Tickeri has created an outstanding technology platform and loyal audience with whom we are excited to grow together as brands.”

The CEO of HUMBL, Brian Foote

The last month has been a great one for HMBL investors. One month ago, HMBL stock was valued at $0.90 per share on average. Now as of June 18th, HMBL stock price is at $1.29 per share on average. At one point in June HMBL stock even surpassed $1.70 per share. So with all of this information in mind, is this tech penny stock a contender for your watchlist?


Which Penny Stocks Are You Watching?

Finding the best penny stocks to watch is all about understanding how the market moves. While prices can change quickly, keeping up to date with all the latest news and market events will give you the best chance at profitability.

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To read about the other four penny stocks on this list, head to Best Penny Stocks To Buy? 4 to Watch With High Volume Right Now. So, which penny stocks are you watching right now?

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