Why These Penny Stocks Are So Popular in 2021
In 2021, there are plenty of reasons why penny stocks are so popular. For one, with more people at home than ever before, more people are learning how to trade penny stocks and blue chips. And, with the addition of easy-to-use brokerages like Robinhood and WeBull, trading has never been more accessible to all. In addition to this, we have to consider that there is also plenty going on in the stock market right now to warrant increased excitement.
Because penny stocks are so speculative, any large moves whether news related or otherwise, will likely cause certain stocks to shift up or down. Aside from the pandemic which is rather obvious, we have other factors at play such as worries about inflation and more. With all of this in mind, let’s take a look at nine top penny stocks that investors are watching right now.
5 Penny Stocks to Watch With Big Gains Today
- My Size Inc. (NASDAQ: MYSZ)
- Farmmi Inc. (NASDAQ: FAMI)
- HIVE Blockchain Technologies Ltd. (OTC: HVBTF)
- OPKO Health Inc. (NASDAQ: OPK)
- Camber Energy Inc. (NYSE: CEI)
My Size Inc. (NASDAQ: MYSZ)
My Size Inc. is a penny stock that develops and commercializes mobile device measurement solutions. These solutions are in use in the areas of e-commerce, fashion, shipping, and more. The Israel-based company offers MySizeID, which is an app that allows consumers to make a profile of their personal measurements. This allows people to get proper fitting clothes online. Its BoxSize app is for parcel measurement and allows customers to measure packages on their phones. The company has a variety of other applications as well.
On June 29th, My Size announced a partnership with Delhivery. Delhivery is India’s largest independent e-commerce logistics startup. The company’s technology will allow Delhivery to be more efficient with its operations.
“MySize’s handheld sizing solutions instantly transform any delivery driver or warehouse employee into an expert logistics planner. By putting this solution directly into a Delhivery employee’s hands, we’re empowering the people responsible for a parcel’s journey with a critical tool for success and that’s intended to provide a significant number of businesses in India with the best possible delivery experience.”CEO and Founder of My Size, Ronen Luzon
The company has entered other recent partnerships in the last month as well all leading to the solid bullish sentiment seen in the past few weeks. This includes partnering with French fashion platform Lacaserne, and Russian content management company Bitrix. With all of these recent partnerships to note, will MYSZ stock be on your watchlist?
Farmmi Inc. (NASDAQ: FAMI)
Farmmi Inc. is a penny stock that processes and sells agricultural products. The China-based corporation offers fungi products such as shiitake, bamboo fungi, agrocybe aegerila, and much more. The company operates Farmmi Jicai, which is an online store selling edible fungi products under the Forasen and Farmmi Liangpin brands. Farmmi also acts as an exporter of dried whole and sliced shiitake mushrooms and dried black fungus to Israel and other countries around the world.
On June 25th, Farmmi started a new product export order for Vancouver. Its subsidiary Zhejiang Forest Food Co Ltd. won a product order for Farmmi’s dried black fungus. The CEO of the company Yefang Zhang said, “Our level of customer engagements continues to expand as we add further value with our leading packaging and logistics to ensure product quality, flavor, and minimize costly waste.”
This is now added to Farmmi’s list of other product orders for the past few months. In addition to recent product orders, Farmmi has participated in many recent conferences such as the 2nd China Edible Fungi Industry Expo. Will FAMI make it on to your list of penny stocks to watch in July?
HIVE Blockchain Technologies Ltd. (OTC: HVBTF)
If you’ve been paying attention to the stock market recently, you have seen that crypto penny stocks like HIVE Blockchain Technologies Ltd. have been performing well. HIVE is a cryptocurrency mining company with operations in Sweden, Canada, and Iceland. The company mines and sells Bitcoin, Ethereum, Ethereum Classic, and more.
Currently, HVBTG stock is traded on over-the-counter or OTC markets. On June 29th, HIVE announced that the company’s common shares will soon be traded on the Nasdaq’s Capital Markets Exchange. Shares of HIVE Blockchain, which will now be under the ticker “HVBT”, begin trading on NASDAQ markets on July 1st, 2021. This recent announcement has resulted in the price of HVBTF stock, soon to be HVBT stock, increasing in the market.
Just 5 days ago the company’s stock price was at $2.39 per share on average. Following the announcement, HVBTF stock has increased to $2.70 per share on average. HVBTG trading volume is also more than 3 times its market average on the date of the announcement. Will HIVE make your penny stock watchlist amid all of this momentum?
OPKO Health Inc. (NASDAQ: OPK)
Biotech penny stocks such as OPKO Health Inc. have been performing well in the market. This biotech corporation focuses on diagnostics and pharmaceuticals. It also operates BioReference Laboratories which offers lab testing services to detect, diagnose, evaluate, monitor, and treat diseases. In addition to this, its Rayaldee treatment is used for secondary hyperparathyroidism in adults with stage 3 or 4 chronic kidney disease. The company has a variety of other products and clinical trials active at the moment.
On June 22nd, BioReference Laboratories Inc., a company owned by OPKO Health, made a new announcement. BioReference announced a COVID-19 testing program for U.S.-based crew and guests who cruise with Royal Caribbean Group. (NYSE: RCL). Unvaccinated guests will be required to undergo rapid PCR COVID-19 testing prior to embarking.
“Royal Caribbean Group has worked diligently with us to develop a set of testing protocols in conjunction with other mitigation strategies to provide the safest possible environment for all passengers and crew. Our first in the nation custom solution for the cruise industry was developed so that each passenger will be tested, and results provided within 40 minutes of their arrival at the port.”The Executive Chairman of BioReference Laboratories, Jon R. Cohen M.D.
Amid this new advancement, shares of OPK stock have passed the $4 per share mark. So will this corporation make your penny stock watchlist in July 2021?
Camber Energy Inc. (NYSE: CEI)
Camber Energy Inc. is an oil and gas penny stock based in the United States. The company acquires, develops, and sells a variety of products. These include crude oil, natural gas, and natural gas liquids. Its total estimated proved reserves as of March 31st, 2020 are 133,442 million barrels of oil equivalent. This was comprised of 54,850 barrels of crude oil reserves, 43,955 barrels of NGL reserves, and 207,823 million cubic feet of natural gas reserves.
At the end of May, the latest update came out from Camber Energy. The company’s majority-owned subsidiary Viking Energy Group Inc. announced its first-quarter results for 2021. The company’s first-quarter revenue was higher than 2019 but lower than 2020.
“We are pleased with Viking’s Q1 results, especially following the unprecedented conditions experienced in 2020. We are extremely encouraged with the foundation we have established, and are intensely focused on pursuing growth opportunities.”The President and CEO of Camber and Viking
CEI stock is down at the moment, but its trading volume is higher than average. Could this be due to CEI stock’s frequent mentions on social media? The company’s ticker has been mentioned on subreddits such as r/stocks, r/stockmarket, r/wallstreetbetselite, and more. With all of this in mind, will CEI stock make your watchlist in July?
4 More Penny Stocks to Watch Right Now
- Weidai Ltd. (NYSE: WEI)
- Federal Home Loan Mortgage Corp. (OTC: FMCC)
- AYRO Inc. (NASDAQ: AYRO)
- Borr Drilling Ltd. (NYSE: BORR)
Are These Big Gaining Penny Stocks Worth It?
Finding the biggest gainers of the day can be a viable penny stock trading strategy. However, in tandem with this investors should also consider what a company does and what its financials look like.
To find the best penny stocks to buy, traders need to put in the time and do the proper research. This is the only way to ensure that you know exactly what you’re getting yourself into. With all of this in mind, are these big gaining penny stocks worth it?