7 Penny Stocks to Watch in July 2021

As we inch closer toward July, the market for both penny stocks and blue chips is heating up. This is illustrated by higher than average volume and several consistent gainers across the board. While the last two months of trading penny stocks has not been easy, many investors believe that there is a light at the end of the tunnel. With Covid cases hitting new lows and staying that way, we could see the finish line of the pandemic shortly. 

[Read More] Best Penny Stocks to Buy Right Now? 15 To Watch In July

Obviously, there are worries about long-term inflation, and we have to consider the massive volatility of the cryptocurrency market right now. However, all of these are adding fuel to the large swings of penny stocks and the stock market as a whole. With this in mind, here are seven hot penny stocks to watch in 2021. 

Top 7 Penny Stocks to Watch

  1. Ocugen Inc. (NASDAQ: OCGN)
  2. Uranium Energy Corp. (NYSE: UEC
  3. Kelso Technologies Inc. (NYSE: KIQ)
  4. ENGlobal Corp. (NASDAQ: ENG
  5. Progenity Inc. (NASDAQ: PROG
  6. Invesco Mortgage Capital Inc. (NYSE: IVR
  7. Ambev S.A. (NYSE: ABEV

Ocugen Inc. (NASDAQ: OCGN)

Ocugen Inc. is a biotech penny stock creating gene therapies to cure blindness-related diseases. One of its main products is OCU400, which is a novel gene therapy product candidate that restores retinal integrity and function in those with both retinitis pigmentosa and Leber congenital amaurosis. It also has OCU410 which is a gene therapy candidate to treat dry age-related macular degeneration.

Ocugen currently is partnered with Bharat Biotech, which is creating a vaccine candidate for COVID-19. It has currently been reported that this “Covaxin” product shows 77.8% efficacy in protecting against COVID-19. This data was submitted to the Drugs Controller General of India over the weekend. This vaccine candidate is also on track for potential emergency use listing from the World Health Organization. 

If this were to take place, it would definitely be solid news for both parties. When 2021 started, OCGN stock price was at about $3 per share on average. Now on June 24th, this penny stock is at $8 per share on average. While it isn’t necessarily a penny stock right now, it has been for quite some time before its recent upticks. In the past six months, shares have shot up by over 263%, making OCGN a perfect example of a company that traversed penny stock territory. With this in mind, will it be on your watchlist?


Uranium Energy Corp. (NYSE: UEC)

Uranium Energy Corp. is a mining penny stock that explores, extracts, and processes uranium and titanium concentrate. The US based company owns an interest in the Palangana mine, Burke Hollow, Goliad, Longhorn, and more. The majority of its mining projects are located in Texas, Arizona, Colorado, Canada, and Paraguay.

On June 9th, Uranium Energy Corp. filed its fiscal 2021 third-quarter report. As of April 30th, the company held $132.4 million in cash, equity, and physical holdings. This is comprised of $47.9 million in cash, uranium inventory holdings of $26.2 million, and 14 million shares of Uranium Royalty Corp. with a market value of $49.3 million. This vast uranium stockpile is one of the reasons that so many investors are interested in UEC stock. 

Only six months ago this penny stock was at $1.76 per share on average. Now UEC stock price is at nearly $3 per share on average. All of this momentum shows how well the mining sector has been performing lately. So keeping all of this recent information in mind, will you add UEC to your list of penny stocks to watch?


Kelso Technologies Inc. (NYSE: KIQ)

An industrial penny stock that has been performing well recently is Kelso Technologies Inc. This company develops, produces, and distributes proprietary equipment used in transportation applications. It offers products such as railway equipment, tank gauges, lab test equipment, emergency response kits, and much more. It also provides trucking components such as one-bolt man-ways and pressure/vacuum safety valves.

There is no recent company-specific news that is making KIQ stock go up. But what can be assumed is that as COVID-19 restrictions loosen around the world, industrial companies can operate at a full capacity. This means that equipment is being used close to pre-covid levels. 

KIQ stock is also frequently mentioned on Reddit, notably on r/RobinhoodPennyStocks and r/WallStreetbetsELITE. Could this be the reason that KIQ stock has a higher volume right now than its average? Well, that’s tough to say but what we do know is that this penny stock has increased by over $0.10 per share in the last month. So with this in mind, KIQ could be worth keeping an eye on in 2021.


ENGlobal Corporation (NASDAQ: ENG)

ENGlobal Corporation is another industrial penny stock that has been performing well in the market. This company has two sections, one being EPCM and the other being automation. Its EPCM section gives multi-disciplined engineering services related to developing, managing, and executing projects that need professional engineers. Its automation sector offers design, integration, and implementation of process distributed control, analyzer systems, and more.

[Read More] Best Robinhood Penny Stocks to Buy Right Now? 7 For Your Watchlist

On June 7th the latest update was released from ENGlobal Corporation. The company announced that after U.S. markets close on Friday, June 25th, it will join the Russell Microcap Index. This one-year membership provides automatic inclusion in the appropriate growth and value style indexes.

“We are pleased to have been selected for addition to the Russell Microcap® Index. We believe this addition validates the stability of our business and our future business prospects and will be an added opportunity for us to heighten investor awareness as we work to build shareholder value.”

Chief Executive at ENGlobal Mark Hess

This is big news and could bring a great deal of attention to ENG stock. Considering this, it could be worth watching right now.


Progenity Inc. (NASDAQ: PROG)

Progenity Inc. is a biotech penny stock that has been gaining momentum in recent trading sessions. The company develops and commercializes molecular testing products, which are in high demand right now. Progenity’s Innatal product provides noninvasive prenatal screening to women in early pregnancy to see chromosome abnormalities. It has a large variety of other product candidates as well.

Progenity caught recent attention as it now offers COVID-19 PCR testing services. Companies that create COVID-19 related products recently have been seeing more attention than others. This could explain why PROG stock is trading at more than 4 times its average volume right now.

Recently, the company participated in the Raymond James 2021 Human Health Innovation conference. The company also announced a $40 million private placement at the start of June. The net proceeds will be used to support operations, invest in molecular testing research and development, and much more. PROG stock was at $2.49 per share one month ago. Now on June 24th, PROG’s stock price is at $3.56 per share on average. So will you add PROG to your list of penny stocks to watch in 2021?


Invesco Mortgage Capital Inc. (NYSE: IVR)

The real estate market has taken off in the last year, fueled by the pandemic. This means that penny stocks like Invesco Mortgage Capital Inc. have been increasing in market value. This company is a real estate investment trust (REIT). Its main focus is investing in, financing, and managing mortgage-backed securities and other mortgage-related assets. 

On June 23rd the company announced its quarterly common dividend. The cash dividend of $0.09 per share will be paid on July 27th to stockholders on record as of July 6th. Other than this, the company has not released any recent updates. So why is IVR stock performing so well in the market right now? 

Well, this can be attributed to the real estate boom in the United States right now. Invesco has experienced a lot of positive momentum as real estate property value rises. 6 months ago the company was at $3.35 per share on average. As of June 24th, IVR stock is at $4.10 per share on average. So will this penny stock make your watchlist this week?


Ambev S.A. (NYSE: ABEV)

Ambev S.A. is a beverage penny stock that produces, distributes, and sells carbonated soft drinks and beer as well as food products. Some of the brands it sells are Gatorade, Lipton, Pepsi, Seven Up, among many others. These products are offered in the Americas, Brazil, Central America, the Caribbean, and more. During both times of economic hardship and prosperity, companies that produce beverages and alcohol specifically, tend to do quite well. 

[Read More] 8 Penny Stocks in These 3 Industries Have Traders Looking to Buy

Throughout the pandemic, Ambev has been a major performer across the market. In addition, it recently announced that it would be working to electrify its massive fleet of delivery vehicles. While this doesn’t necessarily make it an EV penny stock, it does show that ABEV is working to keep up with the times. Other than this, there have not been any recent updates from Ambev S.A. despite it consistently moving up in the last month. Considering its sizable role in the beverage industry worldwide, ABEV stock could be worth keeping an eye on. 


Which Penny Stocks Are You Watching?

As we move further toward the end of the year, plenty of penny stocks are showing potential. With so much movement occurring in the past few weeks, investors can take advantage of this high volatility. Considering this, which penny stocks are you watching?

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

Top Penny Stocks To Watch Under $2 This Week

Earnings Season Has Begun; Are These Penny Stocks On Your List?